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OECD BANK PROFITABILITY DATABASE Progress Report

OECD BANK PROFITABILITY DATABASE Progress Report. Working Party on Financial Statistics Paris, 9-10 October 2006. Michèle Chavoix-Mannato National Accounts and Financial Statistics OECD Statistics Directorate. Main objectives of this presentation.

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OECD BANK PROFITABILITY DATABASE Progress Report

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  1. OECD BANK PROFITABILITY DATABASEProgress Report Working Party on Financial Statistics Paris, 9-10 October 2006 Michèle Chavoix-Mannato National Accounts and Financial Statistics OECD Statistics Directorate

  2. Main objectives of this presentation • To inform delegates of the Working Party on Financial Statistics (WPFS) on the situation concerning the Bank Profitability database since the meeting that was held in October 2005 • To present improvements done by the Secretariat on the questionnaire on Bank Profitability since the last meeting • To gather any proposal from countries to improve the BP database.

  3. Revision of the OECD Bank Profitability Questionnaire • At the last meeting delegates were presented a document on the current gaps in the Bank Profitability database and on possible improvements • Delegates welcomed the plan presented to initiate the convergence between the OECD Bank Profitability data and the IMF FSI Guidelines • They concluded that it would be worth to delay the application of the IMF guidelines by another year and not to modify the list of items requested • The OECD agreed to follow the WPFS recommendations

  4. Revision of the OECD Bank Profitability Questionnaire • Technical changes • Methodological improvements • Implementation of these changes

  5. Technical changes • Creation of a new Statworks database • Revision of database structure • New codes • New hierarchical levels • Development of electronic questionnaire • Quicker and safer transmission of data • Automatic checks with immediate feed-back for improvement of data quality • Validity of entries • Consistency of hierarchical levels • Coherence between tables 1 ,2 and 3

  6. Methodological improvements • Pre-filled with existing historical data • Statistical and methodological guidelines • general standard information on the institutional and geographical coverage, the consolidation and the valuation • presenting the standard OECD frameworkfor Tables 1 and 2 • defining the framework for methodological information • explaining the electronic transmission by the use of a new questionnaire

  7. Implementation of these changes • Consultation with countries on structural changes • Database structure • Codification • Reclassification of banks and institutions • Technical delays in developing the e-questionnaire • Survey starting shortly after this meeting • Guidelines • Table of correspondence between old and new codes • Questionnaire • 2004 and 2005 data collected • Paper publication issued during winter 2006-2007

  8. Conclusion • The Secretariat will continue to co-operate with the IMF in order to be able to take the necessary steps in the framework of the development of financial soundness indicators. • It is proposed • to create a small group of countries’ experts volunteers to think about the modifications which will necessarily result from the CCE and from the implementation of the new accounting system (IAS) • to modify the BP questionnaire and database consequently in 2007-2008

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