Banco de España has published the Statistical Note “Business Sector Classification and Beyond Using Machine Learning”:
This publication outlines several applications of Artificial Intelligence within Banco de España's Central Balance Sheet Data Office. Specifically, machine learning models are used for the automatic classification and sectorization of entities.
ERICA WG has published its document: "European non-financial listed groups: Analysis of 2022 data"
The study presents some highlights of European non-financial listed groups, on profitability and financial structure in 2022, as well as financial debt structure and cost of debt. One of the main finding is the strong increase in retained earnings and the development of other reserves led to a steep growth in equity. The financial debt structure remained fairly stable and the cost of debt increased due to the lagged effects of interest rate hikes.
The Irving Fisher Committee on Central Bank Statistics (IFC) of the Bank for International Settlements (BIS), the European Committee of Central Balance Sheet Data Offices (ECCBSO) and the Banco de España jointly organise a workshop on New insights from financial statements on 17 October 2024 in Madrid.
The workshop aims to bring together statisticians, researchers and data analysts. It offers a place to discuss recent research findings on the use of firm-level information and will take place directly before the annual meeting of the ECCBSO. Its outcome will radiate in the central banking community, help to understand current needs of users of granular corporate information and be an input to determine the work programs of the ECCBSO and the IFC.
We invite researchers, data analysts and statisticians to submit possible contributions for consideration by the organizing committee. Accepted contributions will be published in a special issue of the IFC Bulletins series.
The workshop will take place in hybrid format with a preference for physical presentation.
Please send the title and abstract (maximum 400 words) of your paper by 31 May 2024 to the email addresses below. The other important deadlines are:
• 14 June 2024: Acceptance notification;
• 30 September 2024: Submission of papers;
• 4 October 2024: Submission of presentations.
Email addresses:
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