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.
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
Revision of the OECD Bank Profitability Questionnaire Technical changes Methodological improvements Implementation of these changes
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
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
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
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