BoE consults on changes to collection of data on non-resident business by UK MFIs

The Bank of England (BoE) has announced a consultation on discontinuing the collection and publication of statistical data via Form BN, on the further sectoral breakdown of non-resident business by UK Monetary Financial Institutions (MFIs). Following an internal review, the BoE concluded that the operational costs of collecting and publishing Form BN data outweigh its benefits, as sufficient non-resident data is already available through Forms CC and CL (albeit on a quarterly rather than monthly basis). If the proposal is confirmed, the final reference period for Form BN will be April 2026, with publication expected in May 2026. The deadline for comments, particularly on the impact of the proposal, is 31 December.

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