Cooperation to improve European and national securities statistics

These requirements may increasingly be met by moving gradually to innovative statistical compilation systems, involving the collection of highly granular data at individual security or loan level. The underlying idea is that such data can be arranged and aggregated by the statistical compilers themselves in a highly flexible fashion, rather then relying on preclassified and preaggregated “blocks” of reported information that may only be changed once in a while, with high implementation costs and a rather long implementation lag. Modern IT systems and programmes are sufficiently capable of providing the strong technical support needed for handling and processing huge amounts of micro data.