Revision of the data on debt securities issues due to reclassification of SAREB

Consistent with the recent revision of General Government Debt data under the Excessive Deficit Protocol (see link to press release (available only in Spanish)), in this update of Chapter 21 the data on debt securities issues have been revised to reflect the effect of the reclassification of Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (Sareb) as part of the general government sector since it was established in late 2012.

This reclassification entails a change in the data on General government sector securities issues, and a simultaneous change in the Other financial intermediaries sector. The following Chapter 21 tables are affected by this change: 21.1 (columns 2, 4, 5 and 6), 21.2 (2, 4, 5 and 6), 21.3 (4, 5, 6, 7, 8 and 9), 21.4 (4, 5, 6, 7, 8 and 9), 21.5 (5, 7, 9 and 11), 21.6 (1, 9, 10 and 11), 21.7 (1, 9, 10 and 11), 21.11 (1, 2, 6, 7, 9 and 10), 21.12 (1, 2, 6, 7, 9 and 10) and 21.15 (1, 2, 3, 4, 5, 6, 10, 11, 12, 13, 14 and 15).

The latest data (since end-2020) are not affected by the reclassification of Sareb, as it was already included in the general government sector with effect from December 2020.