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Euro area and national quarterly financial accounts – Quality report 2020

Euro area and national quarterly financial accounts – Quality report 2020
This report reviews the quality of the quarterly euro area and national financial accounts.
[1] It fulfils the formal requirement for the Executive Board of the European Central Bank (ECB) to inform the Governing Council of the ECB regarding the quality of those statistics, as set out in Article 7(2) of Guideline ECB/2013/24
The main principles and elements guiding the production of ECB statistics are set out in the ECB’s Statistics Quality Framework and quality assurance procedures, which are published on the ECB’s website. This report provides analysis of the relevant statistical output, looking at: (i) methodological soundness; (ii) timeliness; (iii) reliability and stability; (iv) internal consistency (completeness and compliance with validation rules); and (v) external consistency with four other comparable statistical domains – quarterly non-financial sector accounts, balance of pay ....

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Key Regulatory Topics: Weekly Update April 2021 | Allen & Overy LLP

FCA Q1 2021 financial promotions quarterly data
On 6 April, the FCA published its first financial promotions quarterly data showing the number of financial promotions that have been amended or withdrawn due to non-compliance with its rules in Q1 2021. The FCA reviewed 441 financial promotions identified through complaints it has received and its own proactive work. 38 cases resulted in 105 promotions being amended or withdrawn. 75% of these amend/withdraw outcomes related to either website or social media promotions. 47% of financial promotions reviewed related to retail lending, 26% to retail investments, and 18% to retail banking.
Financial Guidance and Claims Act 2018 (Commencement No. 7) (Dissolution of the Consumer Financial Education Body) Regulations 2021 ....

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