1 / 11

BANK PROFITABILITY (BP)

BANK PROFITABILITY (BP). PROGRESS REPORT. Working Party on Financial Statistics Paris 2,3 October 2007 D. Campion STD/NAFS OECD. Current update Process. Electronic questionnaire and Guidelines sent in November 2006 Initial deadline set for the end of 2006

lamis
Download Presentation

BANK PROFITABILITY (BP)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BANK PROFITABILITY (BP) PROGRESS REPORT Working Party on Financial Statistics Paris 2,3 October 2007 D. Campion STD/NAFS OECD

  2. Current update Process • Electronic questionnaire and Guidelines sent in November 2006 • Initial deadline set for the end of 2006 • IT problems encountered during the process • Some tables not pre-filled for some countries • Some consistency checks not working properly • Problems fixed only in version 4 delivered by consultants at mid-June 2007

  3. Collection of Data • 30 countries contributed to the previous update in 2004 • Period covered: 2004-2005 (+ revisions of previous years) • 26 countries provided data • 4 countries provided no data: Australia, Iceland, Japan and Mexico • New electronic questionnaire used by all participants • Questionnaires sent back from end December 2006 (Austria, Germany, Hungary and Italy) to late May 2007

  4. Treatment of data and metadata • Transfer of data to Statworks, [ OECD Production database ] • Checking of data and footnotes by the Secretariat • Only 4 countries met OECD requirements initially: • Finland, Hungary, Ireland and USA • Problems identified for 22 countries for both data and metadata: • Blanks in series • Break in series not explained (no footnote) • Breaks created by the absence of revision of previous years • Differences between aggregates and the sum of their components • Some inconsistencies between tables, without justification • Missing or outdated footnotes • Detailed message sent to each of the 22 countries with version 4 of the questionnaire • Amended data returned by 19 countries by late September 2007 • One revised data set still expected • Additional explanations provided by two countries

  5. Institutional CoverageTable 1 : Income statement and Balance sheet

  6. Table 2 : Structure of the Financial System

  7. Table 3 : Classification of bank assets and liabilities

  8. Table consistency • Data common to tables 1 and 2 but which sometimes show a discrepancy: • End-year Balance Sheet Total • Number of institutions • Number of branches • Number of employees • Possible reasons for inconsistencies: • Different bank coverage • Different sources • Improvement in consistency: • 13 countries out of 30 with consistent data in 2004 • 18 countries out of 26 with consistent data in current update

  9. Metadata 3 levels: • Footnotes available in the paper publication and in the dissemination database • 10 Countries not yet responding • Short global methodological notes (half a page) attached to each country chapter in the table volume (paper only) • Based on detailed methodological notes • Detailed methodological notes published in a separate volume (paper only) • Update or validation still expected from 4 countries

  10. Data dissemination • 21 countries currently available in OECD.stat • dissemination database available to officials through OLIS • 5 other countries available soon • Paper edition to be published by end of year • 2 volumes • Financial Statement of Banks • Methodological Country notes

  11. Future updates • 2 options: • Yearly update covering 2006 • Biennal update covering 2006-2007 • Depending on: • EDG conclusions on improvements to be implemented to meet IMF requirements to follow the new accounting rules Changes to be introduced in item coverage of Table 1 • Secretariat resources

More Related