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MANDATE of the Working Party on Financial Statistics

MANDATE of the Working Party on Financial Statistics. Working Party on Financial Statistics 2 - 4 November 2009 – Item 9. by Michèle Chavoix-Mannato (STD). MANDATE of the Working Party on Financial Statistics. Objectives of the presentation

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MANDATE of the Working Party on Financial Statistics

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  1. MANDATE of the Working Party on Financial Statistics Working Party on Financial Statistics 2 - 4 November 2009 – Item 9. by Michèle Chavoix-Mannato (STD)

  2. MANDATE of the Working Party on Financial Statistics Objectives of the presentation • To update the information within the current Mandate regarding the main activities of the WPFS • To invite Delegates of the Group to approve a revised WPFS Mandate

  3. MANDATE of the Working Party on Financial Statistics Introduction • The OECD Directory of Bodies • Presents the bodies established by the Council • Provides for each body/group listed information on: • Chairs/Vice-Chairs • Members • Observers • Date of creation • The Mandate and its duration

  4. MANDATE of the Working Party on Financial Statistics Current WPFS Mandate • The current Mandate is based on the Minutes of the 135th session of the Council [C/M(67)4(Final), Item36] • Extract of the document [C/M(67)4(Final), Item36]: “The Council agreed that a group of statisticians be convened to examine how financial statistics in [the field of the activities of the Committee for Invisible Transactions] could be improved” • The Mandate does not include the various activities that the WPFS is requested to undertake • As OECD Directory of Bodies is revised every year, there is an opportunity to propose changes of the WPFS Mandate

  5. MANDATE of the Working Party on Financial Statistics Proposal for a revised WPFS Mandate • The WPFS contributes to the OECD aim of deepening the knowledge of Member countries’ financial systems • High Priorities of the WPFS : • Improving the timeliness, the quality and the international comparability of OECD financial statistics • Adapting it to the evolving requirements of the Committee on Financial Markets (CMF)

  6. MANDATE of the Working Party on Financial Statistics Proposal for a revised WPFS Mandate (foll.) • Main tasks of the WPFS: • Collect/disseminate comprehensive statistics by establishing the methodology & relevant questionnaires • Harmonise national statistics across countries • Act as a forum to exchange information and experience • The WPFS will seek a maximum of concordance with the statistical works of the WPNA • The WPFS will undertake activities relating to accession countries and enhanced engagement countries

  7. MANDATE of the Working Party on Financial Statistics Conclusions The WPFS delegates are invited: • To discuss the draft mandate • To amend the proposal, if necessary • To instruct the Secretariat to transmit this new mandate to the competent authorities of the OECD

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