The central banks in Denmark, Finland, Norway and Sweden have decided from the beginning of 2006 to start monitoring cross-border balances of Nordic MFIs. The purpose is to monitor whether the analytical value of the national monetary statistics is eroded as a consequence of the movement of balances cross-border. The reporting is only relevant for those institutions that have already moved balances of a considerable size, have plans to move balances in the future or have gradually started to register balances in another country. Reporting MFIs will be contacted directly. To minimize the reporting burden only the most important balance sheet items - such as loans and deposits vis-a-vis households and non-financial companies - are included in the reporting.
The requirements as to the content of the reporting are described in:
Reporting regulations for Supplementary Nordic MFI reporting
Reporting template for Supplementary Nordic MFI reporting
The Memorandum of Understanding between the central banks in Denmark, Finland, Norway and Sweden:
Memorandum of Understanding - Supplementary Nordic MFI reporting