By Centre for Central Banking Studies Bank of England, Monetary and Financial Statistics Division Bank of England
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Extra resources for Monetary and Financial Statistics (Handbooks in central banking)
Uk/mfsd/iadb). The SID gives users various search options to find the data they are interested in, and also allows users to choose the time period and extent of metadata required. Data can be downloaded in several formats (HTML, CSV, Excel and XML). The SID provides the opportunity to expand data outputs when users express a new interest in, for example, euro denominated series that were previously aggregated with other foreign currency series. The SID is flexible because it has neither the space constraints of paper publications, nor the time constraints and website construction issues that are currently associated with posting individual releases or tables on the internet.
ESA 95 is based on the System of National Accounts 1993 (SNA 93). SNA 93 was produced by five international organisations. 37 It was approved by the Statistical Commission of the United Nations. ESA 95 was adopted into EU law by Regulation (EC) No 2223/96 of 25 June 1996. All economic statistics supplied to the European Commission must comply with it. The ONS decided in 1998 to have one version of UK National Accounts consistent with ESA 95 and has produced the National Accounts on this basis since September 1998.
45 Putting in place structures to ensure data quality is at the heart of the Bank of England’s Code of Practice. The Code identifies seven key aspects of statistical good practice. These concern the relevance, integrity, quality and accessibility of its outputs, the confidentiality of its inputs, the burden on data suppliers and the overall cost efficiency of the business process. 3 Legal Powers Central banks and statistical agencies generally have specific legal powers to collect statistics and responsibilities derived from these powers to use them fairly and to preserve the confidentiality of the data supplied.