More specifically, ESCB statistics had to respond to three main challenges: (i) From 2008, the monetary policy of the euro area had to be conducted during turbulent times and new data needs emerged for monitoring often unconventional policy measures and mitigating systemic risks.
(ii) In addition to its primary function of maintaining price stability, the ECB had to focus more on financial stability and it received a mandate to support the statistical needs of the European Systemic Risk Board (ESRB).