| Property
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Value
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| A technical identifier, unique in a certain context. Technical key
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RIAD
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| The country a linked concept is active or generally relevant for. Country scope
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WORLD (World)
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| Language-specific name. Monolingual name
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Register of Institutions and Affiliates Data Code (en)
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| Language-specific short name. Monolingual short name
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RIAD Code (en)
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| Informal and comprehensive human-readable definition of a concept. Description
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The RIAD code is a unique identifier assigned to legal and other statistical institutional units by the European Central Bank (ECB) or competent National Central Banks (NCBs). This identifier is part of the ECB's Register of Institutions and Affiliates Data (RIAD), a comprehensive dataset that provides standard reference data on entities operating within the European financial system. RIAD supports a range of regulatory, statistical, and supervisory functions across the Eurosystem, aiding the European System of Central Banks (ESCB) and the Single Supervisory Mechanism (SSM) in performing their duties.
Key Functions and Use Cases of the RIAD Code are:
- Dataset Integration and Standardization. The RIAD code serves as a common identifier, enabling the integration of various datasets across the Eurosystem, such as the Centralised Securities Database (CSDB), Securities Holdings Statistics Database (SHSDB), and AnaCredit. This integration enhances data consistency and accuracy, ensuring reliable analyses for the ECB and NCBs.
- Monetary Policy and Risk Analysis. By underpinning data analyses and studies, RIAD codes contribute to essential monetary policy decisions. The codes facilitate early detection of systemic risks and support macro- and micro-prudential policies, contributing to the stability of the European financial system.
- Supervisory and Regulatory Compliance. RIAD codes help track entities under financial supervision, providing a foundation for micro-prudential supervision and aiding in the enforcement of European banking regulations. They are instrumental in identifying and monitoring entities like monetary financial institutions, investment funds, and financial vehicle corporations.
- Official Registry Preparation. The codes are used to prepare and maintain official lists, including those for monetary financial institutions (MFIs), payment statistics entities, and insurance corporations. These lists are essential for regulatory reporting, compliance, and the monitoring of financial institutions across the Eurosystem.
- Entity Identification for Financial Reporting and Analytics. RIAD codes simplify and standardize the identification of entities across various datasets, streamlining financial reporting and making it easier to cross-reference data across ESCB systems.
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| Category of business identifiers. Identifier category
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Identification Number
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Formal definition
No format rules.
Data quality rules
No data quality rules defined.