BH Form BH This guide captures: Bank Holding Companies This guide captures: - Form BH which is used to collect all data required from bank holding companies for statistical reporting purposes. BH Look out for this icon throughout the presentation for extra information Navigate through the presentation using the icons in the bottom-right corner Click on to take you back to the contents Part of Specialist Forms from Bank of England’s Core Statistical Returns

Contents Form overview Family of Bank of England Core Statistical Returns Form content Form purpose How the data are used Classification/Reporting issues Form reconciliation Timetable for dissemination to the ONS Resources Contacts

UK resident bank holding companies that generally report total assets of at least £1,000mn on Form BT 40 are usually requested to report Form BH 30 working days after quarter end TBC (Timescale is yet to be fully agreed with ONS) Form Overview Reporting Panel Reporting Deadline Data finalised for dissemination

Family of Bank of England Core Statistical Returns

Form Content Form BH captures: Data on bank holding companies resident in the UK, split into three parts: income and expenditure, balance sheet assets and liabilities, inward/outward direct investment data with a geographical split. Holding companies can be defined as: Companies whose principle activity is to own a group of subsidiary corporations, through holding at least 50% of the subsidiaries’ equity whilst not providing any other service e.g. they do not provide management services to their subsidiaries.

Form Purpose The Form BH is a more detailed and frequent collection replacing the discontinued annual Form HC Specifically, there is an increase in the level of granular detail within: Other operating income Other operating expenses Exceptional items Net provisions for bad and doubtful debts Balance sheet section restructured to reflect National Accounts’ requirements Collecting a greater counterpart sector breakdown

How the data are used Holding company data remain one of the largest data gaps within the UK National Accounts, which is compiled by the Office for National Statistics (ONS). Bank holding companies form part of S.127 captive financial institutions and money lenders, a subsector of Other Financial Corporations (OFCs) in the UK National Accounts. In order to fulfil ESA10 (European System of Accounts 2010) requirements for these data, the Bank agreed to collect quarterly data for bank holding companies on behalf of the ONS.

Classification/Reporting issues Form BH follows the same statistical concepts as Form BT and Form PL. Except where otherwise stated, figures should be reported gross rather than net, and only for the period in question. Except where otherwise stated, figures recorded on Part 1 and 3 of the form should be reported on an accruals basis. In the case of debt securities (Form BH items 1AB, 1BB, 2B), accrued interest should be reported, if possible, as the portion of the coupon accrued over the period in addition to the part of the discount/premium, as at issue,that unwinds during the period (the 'debtor approach'). Please refer to the BH definitions for further detail. Dividends received and paid (Form BH items 4, 14, 32 and 39) should be reported on a cash basis. Please remember to report inward direct investment relationships with non-resident subsidiaries and associates and outward direct investment relationships with non-resident parents on Part 3 of the form.

Form reconciliations Form BH shares similar concepts with Form PL. Generally speaking, there should be consistencies for entities that report both Form PL and Form BH. Further information on form reconciliations

Working day 30 following quarter end TBC (Timescale yet to be fully agreed with ONS) 2019 Timetable for dissemination to the ONS Data received from reporting institutions Queries sent to reporters regarding large or unusual movements Responses to be received at the latest Data finalised for export Data exported to ONS

Resources BH Definitions Guidance on the Reporting of Captive Financial Institutions Classifications of Accounts Guide

Contacts DSDQuarterly@bankofengland.gsi.gov.uk