Statistics

Changes in the tables of financial accounts statistics

October

In this edition of the Financial Accounts of the Spanish Economy (FASE), some of the captions have been revised, in coordination with the revision of the National Accounts implemented by the INE, as a result of this year’s (2019) benchmark revision of the financial accounts, carried out pursuant to agreements for a harmonised European revision policy for macroeconomic statistics.

The following should be highlighted in relation to this update of the FASE: (i) the reclassification of securities issuing entities that are subsidiaries of non-financial corporations; (ii) the revision of the classification criteria for financial holding companies; (iii) alignment of the preparation procedures for certain items of the rest of the world sector (S2) to improve consistency with the balance of payments and international investment position statistics and (iv) incorporation of the latest Central Balance Sheet Data Office data, owing to the use of a new extrapolation procedure to obtain the national aggregates (this revision affects inter-company loans, trade credits and other equity).

July

In this edition of the publication Financial Accounts of the Spanish Economy (FASE) some captions have been revised in the context of the benchmark revision of financial accounts that, following agreements at European level for harmonised revision of macroeconomic statistics, will be carried out this year (2019). The note Revisión benchmark 2019 de las cuentas financieras is available on this website. A notable feature of this update of the FASE is the incorporation of the new data for the insurance companies sector from the statistical regulations of the ECB. This has mainly affected the items Insurance, pension and standardised guarantee schemes and Other equity. Additionally, on the recommendation of various expert groups, net rather than gross recording is applied to the holdings of debt securities issued by entities belonging to sub-sector S.12, Other monetary financial institutions, which these hold in their portfolios as collateral for financing received from the Eurosystem.