Transcript presentation of the financial statistics unit

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

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.
2
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
3
Revision of the OECD Bank
Profitability Questionnaire

Technical changes

Methodological improvements

Implementation of these changes
4
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
5
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 framework for Tables 1 and 2
 defining the framework for methodological information
 explaining the electronic transmission by the use of a new
questionnaire
6
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
7
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