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Financial Accounts : Practice for Turkey National Seminar on Developing a Program for the

Financial Accounts : Practice for Turkey National Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics in Turkey Ankara, 10th of September 2013. Burcu ÇAKMAK Central Bank of Republic of Turkey Statistics Department. CONTENT

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Financial Accounts : Practice for Turkey National Seminar on Developing a Program for the

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  1. Financial Accounts: PracticeforTurkey NationalSeminar on Developing a Program forthe Implementation of the 2008 SNA andSupportingStatistics in Turkey Ankara, 10th of September 2013 Burcu ÇAKMAK Central Bank of Republic of Turkey StatisticsDepartment

  2. CONTENT • Overview • Classifications • Data Sources • Current Situation • Future Work 2

  3. OVERVIEW TIMELINE FOR FA COMPILATION

  4. OVERVIEW • Atechnical working group for compilationof financial accounts in 2008. • Allstakeholderagenciesaremembers • Workingon thecompilation of general government and insurance companies’ financialaccounts. • No writtenprotocolbetweenagencies but OSP.

  5. OVERVIEW Division of Responsibilities under OSP: 5

  6. CLASSIFICATIONS • IMF Manual on Monetaryand Financial Statistics2000 • EuropeanSystem of NationalAccounts (ESA 95) • InstitutionalSectorListpreparedbytheCBRT 6

  7. CLASSIFICATIONS • InstitutionalSectors: • General Government • Central Government • LocalGovernment • Social Security Institutions • Non-Financial Corporations (privateandpublic) • Financial Corporations • CBRT • Banks • Insurance Companiesand PensionFunds • Financial Intermediaries • Financial Auxiliaries • HouseholdsandNPISHs • Rest of theWorld 7

  8. CLASSIFICATIONS CBTClassification: SNA 2008: S121. Central Bank S121. Central Bank S122. OtherMFI S122. OtherMFI S123. Money Market Funds S124. NonMMFInv. Funds S123. Other Fin. Interm. S125. Other Financial Intermediaries S124. Finan. Auxiliaries S124. Finan. Auxiliaries S128. InsuranceCompanies S125. InsuranceComp. & Pensions S129. PensionFunds 8

  9. DATA SOURCES Monetary Financial Institutions: Banks’ SupervisoryReportingPackageunderUniform Chart of Accounts of BRSA Statistical Reporting Forms of CBT Central Bank: Detailedbalancesheetaccountsbased on UFRS 9

  10. DATA SOURCES Financial Intermediaries: Non-bank Financial Institutions’ SupervisoryReportingPackagebased on Uniform Chart of Accounts of BRSA Data on InvestmentFundscompiledfromCapital Market Board 10

  11. DATA SOURCES Financial Auxiliaries: BalanceSheet of SavingsDepositInsuranceFund Reporting Forms of dealer companiescompiledbyCapital Market Dealers’ Association InsuranceCompaniesandPensionFunds: Reporting Forms of insurancecompaniesandpensionfundscompiledbyTreasury 11

  12. DATA SOURCES 12

  13. DATA SOURCES 13

  14. CURRENTSITUATION 14

  15. CURRENTSITUATION • Non-consolidatedStockTablesfor: • Central Bank • OtherMonetary Financial Institutions • Financial Intermediaries • Financial Auxiliaries • InsuranceCompaniesandPensionFunds • Central Government • LocalGovernment • Non-consolidatedFlowsfor: • Central Bank • OtherMonetary Financial Institutions • ConsolidatedStockandFlowTablesfor: • Central Bank • OtherMonetary Financial Institutions 15

  16. CURRENTSITUATION Stepsfor FA Compilation: • Identifyaccurate data sources • Convertinto ESA codes • Derivestock data • Compilecounterpartinfo • Consolidation • Deriveflow data

  17. CURRENTSITUATION

  18. FUTUREWORK

  19. THANKYOU

  20. Financial Accounts: PracticeforTurkey NationalSeminar on Developing a Program forthe Implementation of the 2008 SNA andSupportingStatistics in Turkey Ankara, 10th of September 2013 Central Bank of Republic of Turkey StatisticsDepartment

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