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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

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BANK PROFITABILITY (BP)

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  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aggregates and the sum of their components • Some inconsistencies between tables, without justification • Missing or outdated footnotes • Detailed message sent to each of the 22 countries with version 4 of the questionnaire • Amended data returned by 19 countries by late September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

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