The paper illustrates the process followed by the Bank of Italy, called the “integrated approach”, to produce the statistics derived from credit and financial reporting. The pillars of the approach are: the coordination of the different information requirements, a single data dictionary, a generalized multi-dimensional model, a single data warehouse available to internal users and cooperation with reporting agents. Some ESCB statistical initiatives were influenced by the described approach.
Each single item of data is collected only once and is used for multiple purposes. Data management and data governance are achieved by centralizing common activities and by adopting common methodologies and infrastructures. The integrated approach invokes synergies among the different stakeholders in order to avoid data duplications. In so doing, it contributes, on the one hand, to minimising the reporting burden and, on the other, to promoting the company-wide use of the data warehouse.
