Decision (EU) 2025/874 of the European Central Bank of 24 April 2025 amending Decision (EU) 2022/1982 on the use of services of the European System of Central Banks by competent authorities and by cooperating authorities (ECB/2022/34) (ECB/2025/14)

## Policy Analysis Report: Amendment to Decision EU 2022/1982 on the Use of ESCB Services **1. Executive Summary:** This report analyzes Decision (EU) 2025/874 of the European Central Bank (ECB), which amends Decision (EU) 2022/1982 concerning the use of services of the European System of Central Banks (ESCB) by competent authorities and cooperating authorities. The core purpose of this amendment is to expand the list of ESCB services available to these authorities to include the Banks Integrated Reporting Dictionary Operational Tasks Project (BIRD OT). This inclusion aims to improve the quality, consistency, and accuracy of data reported to central banks via statistical reporting by fostering cooperation and applying a uniform data model. **2. Introduction:** The purpose of this report is to provide an informative analysis of Decision (EU) 2025/874, based solely on the provided text. The report focuses on understanding the rationale behind the amendment and the implications of the inclusion of BIRD OT as an available ESCB service. **3. Policy Overview:** This Decision (EU) 2025/874 constitutes an amendment to the original policy, Decision (EU) 2022/1982. The core objective of Decision (EU) 2022/1982, as inferred from the text, is to enable competent authorities to utilize ESCB services for cooperation within the Single Supervisory Mechanism (SSM). **4. Background and Rationale:** The amendment is driven by the need to improve the quality and consistency of data reported to central banks. The text indicates that BIRD OT, as a statistical ESCB service comprising an integrated and harmonized data model and reporting dictionary, is expected to enhance data accuracy. By including BIRD OT in the list of available ESCB services, the amendment seeks to promote cooperation in regulatory reporting through the application of a uniform data model and reporting dictionary across reporting agents and supervised entities. This benefits competent authorities by improving the quality and consistency of supervisory data reports. **5. Key Provisions / Changes:** This Decision (EU) 2025/874 specifically amends Annex I of Decision (EU) 2022/1982. * **What is being changed:** Annex I, which lists the ESCB services available to competent authorities and cooperating authorities, is being replaced in its entirety. * **What the new rule/provision is:** The new Annex I includes "Banks Integrated Reporting Dictionary Operational Tasks Project BIRD OT" in the list of available ESCB services. The complete new list is: AnaCredit, BIRD OT, Centralised Securities Database (CSDB), CoreNet Enterprise Service Bus (ESB), ESCB Public Key Infrastructure (ESCB PKI), ESCB Teleconference System, ESCB Performing Survey Initiative LimeSurveybased Solution (EPSILON), ENTM modelling tool and repository (ENTM), Identity and Access Management Service (IAM), Register of Institutions and Affiliates Database (RIAD), Secure ESCB Email (SEE), Securities Holdings Statistics Database (SHSDB). * **Effect of the Change:** The amendment expands the toolkit available to competent authorities and cooperating authorities by explicitly including BIRD OT. This allows these authorities to leverage BIRD OT’s harmonized data model and reporting dictionary for improved data quality and consistency in regulatory reporting. This change emphasizes the ECB's commitment to improving the statistical reporting framework. **6. Target Audience and Stakeholders:** The primary target audience includes: * **Competent Authorities:** These are the authorities directly responsible for supervising financial institutions, particularly within the SSM. * **Cooperating Authorities:** These are other bodies that cooperate with the ESCB and competent authorities. * **Reporting Agents and Supervised Agents:** These entities are indirectly affected as they will be expected to potentially use BIRD OT in their statistical reporting processes. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The European Central Bank (ECB) is the primary responsible body, as indicated by the "DECISION OF THE EUROPEAN CENTRAL BANK" heading. The ESCB's Statistics Committee likely plays a role in steering and maintaining BIRD OT. * **Timelines:** The amendment enters into force on the twentieth day following its publication in the Official Journal of the European Union (May 12, 2025). * **Implementation related to the changes:** Competent and cooperating authorities will need to integrate BIRD OT into their existing systems and processes to take advantage of its capabilities. Reporting agents and supervised agents might need to adapt their reporting procedures to align with the BIRD OT data model. **8. Expected Outcomes / Impact of Changes:** The intended outcome of including BIRD OT is to improve the overall quality, consistency, and accuracy of data reported to central banks. The amendment aims to: * Enhance the reliability of statistical reporting. * Foster greater cooperation among reporting agents, supervised agents, and competent authorities. * Facilitate a more harmonized approach to regulatory reporting across the European System of Central Banks. **9. Conclusion:** Decision (EU) 2025/874 represents a targeted amendment to Decision (EU) 2022/1982, with the specific goal of integrating the Banks Integrated Reporting Dictionary Operational Tasks Project (BIRD OT) into the ESCB services available to competent and cooperating authorities. This inclusion is expected to have a positive impact on the quality and consistency of statistical reporting data, furthering the ECB's objectives within the Single Supervisory Mechanism. The implementation of this amendment requires the relevant authorities to integrate BIRD OT into their processes and for regulated entities to potentially adapt their reporting procedures accordingly. This change underscores the ECB's commitment to data quality and harmonized reporting standards within the European financial system.

Key Entities Referenced