The European Central Bank (ECB) is today taking the next step in the project to develop the Integrated Reporting Framework (IReF). This harmonised statistical reporting system is intended to make it easier for banks to report statistical data to the European System of Central Banks (ESCB) and to reduce their reporting burden by leveraging digitalisation and state-of-the-art production organisation. At the same time, the system will facilitate policymakers’ analysis and comparison of such data.
