The main task of the ECCBSO is enhancing the analysis of non-financial corporations’ data by exchanging information, coordinating processing methods, and conducting joint studies. This represents a crucial contribution to economic and financial research and decision-making.
The Committee has also created several Working Groups to deal with specific subjects.
Financial Statement Analysis (FSA) Working Group
This Working Group performs common microeconomic research on specific topics of the economic and financial situation of non-financial entities and international cross-country comparison. Structural, cross-sectional and time-series analyses are mainly applied. Banque de France is currently chairing this working group. The data, publications, news and all related documents can be found on the Financial Statement Analysis Working Group website.
Bank for the Accounts of Companies Harmonized (BACH) Working Group
This Working Group is responsible for the management of the BACH database, which contains aggregated and relatively harmonized accounting related data of non-financial incorporated enterprises for European countries.
European Records of IFRS Consolidated Accounts (ERICA) Working Group
This Working Group primarily focuses on the impact of the International Financial Reporting Standards (IFRS), issued by the IASB, on the accountancy of non-financial corporations and their effects on the European central balance sheet data offices´ databases and questionnaires, trying to assess both potential opportunities and risks. To that end, the group has developed IFRS-compliant standard formats (using for that purpose the IFRS Taxonomy defined by the IASB-XBRL Team) and created the ERICA (European Records of IFRS Consolidated Accounts) database (European Records of IFRS Consolidated Accounts).
Risk Assessment Working Group
This Working Group works to homogenise the risk analysis carried out by Central Banks, in cooperation with the European Central Bank. These analyses mainly concern the corporations whose liabilities have been taken as collateral in monetary policy operations.