To this end, we are establishing a new cooperation chain for macroeconomic statistics. Both institutes will be able to make optimum use of one another’s expertise in this project.
Increasing demand for statistical information
The introduction of this close collaboration is in response to an increasing demand for statistical information on the Dutch financial sector as well as rising demand for unambiguous information about the Netherlands’ financial relations with the rest of the world. Also, published data on the Dutch economy will be more consistent.
Changing playing field
By working together, DNB and CBS are better able to respond to a changing landscape. With the advance of globalisation, the complexity in collecting, processing and interpretation of data will only increase further. Thanks to this partnership, both parties will be even better equipped to respond to a changing playing field. For the users of data, we will be able to align the provision of statistics with the currently relevant economic developments and trends.
Who does what?
DNB will become responsible for monitoring the financial sectors, compiling statistics on securities, the national balance of payments and international investment position statistics for the Netherlands. CBS will remain responsible for the national accounts and for monitoring the non-financial sectors.
As of June 2018, Statistics Netherlands (CBS) and De Nederlandsche Bank (DNB) will be publishing univocal figures on the Netherlands' economic relations with the rest of the world. This will ensure that national and European policymakers no longer encounter discrepancies between the national balance of payments statistics and the National Accounts. In addition, CBS and DNB will better match their respective mandatory surveys for companies serving as reporting agents. Tasks will furthermore be reallocated between the two institutions. These results stem from intensive mutual cooperation, which was laid down in a cooperation agreement on 18 September 2017, between Job Swank, DNB’s Executive Director for Monetary Affairs and Financial Stability, and Tjark Tjin-A-Tsoi, Director General of CBS.
For more information about the cooperation, read the interviewwith Pim Claassen, Head of Balance of Payments & Securities Statistics at DNB and Gerard Eding, Director of the CBS National Accounts Department.
What does our partnership mean for businesses?
DNB and CBS ask businesses to submit financial data to get a clear picture of the Dutch economy. We do so as part of various studies separately conducted by either DNB or CBS. From 2019 onwards, however, we will make joint requests for data and issue joint quarterly reports. Watch the video for more information.