Financial Accounts: Practice for Turkey National Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics in Turkey.

Slides:

Advertisements

Similar presentations

Chapter 16: Managing Risk in an Organization

Advertisements

Data quality issues regarding the production and release of revaluation accounts and of other changes in volume accounts in long term securities WORKING.

1 Giuseppe Cinquegrana Researcher National Accounts directorate Istat OECD Working Party - Paris, 30 November 2010 Debt and net financial wealth: a comparative.

1 PROGRESS REPORT ON INSTITUTIONAL INVESTORS ASSETS - Table 7IA Working Party on Financial Statistics meeting Paris, 2-4 November 2009 Eun Jung KIM National.

Recently released ECB statistics on securitisation Jani Matilainen DG-Statistics / ECB OECD Working Party on Financial Statistics Paris, 24 October 2011.

Australian Financial Accounts: O VERVIEW OF D ATA S OURCES AND M ETHODS Within a Whom to Whom Framework Amanda Seneviratne 1.

1 Progress report on Expert Groups on micro and macro household statistics WPNA meeting October 2011 Maryse FESSEAU (OECD – Statistic Directorate, National.

Manik Shrestha IMF Statistics Department

1 National Balance Sheet Accounts in Israel Methods and Uses.

Valuation of Equity in the Canadian System of National Accounts OECD Working Party on Financial Statistics Allan Tomas Chief, Financial and Wealth Accounts.

1 OECD HOUSEHOLDS ASSETS & LIABILITIES – Table 7HAL Working Party on Financial Statistics meeting Paris, 2-4 November 2009 Isabelle YNESTA National Accounts.

Draft Handbook on National Accounting Financial Production, Flows and Stocks in the System of National Accounts OECD WP on National Accounts October.

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

Pension Funds Workshop The Pension System in Chile Claudia Maisto Statistics Division Macroeconomics Statistics Area Institutional National Accounts Department.

Pensions in ESA 2010 WORKSHOP ON PENSIONS Canberra April 2013

Supplementary table on pension schemes in social insurance Directorate C: National and European Accounts Unit C-5: Validation of public accounts European.

Minimum and Encouraged Set of Internationally Comparable Sectoral Accounts and Balance Sheets: Overview of the Template Prepared by Manik Shrestha Presented.

European Statistics provided by the ECB

Treatment of social insurance schemes in the 2008 SNA Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting.

Regional Seminar on Developing A Program for the Implementation of the 2008 SNA and Supporting Statistics September 2013 / Ankara – Turkey

Central Bank of Brasil Central Bank of Brasil Financial Statistics Department of Economics – Rio de Janeiro.

National Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics in Turkey Cevdet ÖĞÜT National Accounts Department.

National Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics in Turkey Mahir ADANIR Mustafa SUYABATMAZ 10.

Debt Statistics Compiled under International Standarts and Transition to SNA 2008 Eylem VAYVADA DERYA Turkish Treasury Directorate General of Public Finance.

Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting Statistics January 30-February 1, 2013 Kingston, Jamaica.

1 Improving transparency in the insurance sector: progress made and outstanding challenges OECD-ASSAL Regional Expert Seminar Montevideo, September.

Changing Data Sources of Central Bank Statistics: Experience of CBT Aycan Özek Statistics Department Deputy Director Committee for the Coordination of.

Research Department 1 Global Economic Crisis and the Israeli Economy Herzliya conference Dr. Karnit Flug Research Director, Bank of Israel February 2009.

Addition 1’s to 20.

PRIME MINISTRY REPUBLIC OF TURKEY TURKISH STATISTICAL INSTITUTE TurkStat NATIONAL ACCOUNTS IN TURKEY 1 TurkStat.

Government Sector Workshop on the Implementation of the 2008 SNA, 29 November-02 December 2011, Kiev REPUBLIC OF MACEDONIA STATE STATISTICAL OFFICE Agenda.

STATISTICAL SYSTEM in TURKEY AND İMPLEMENTATİON OF GFSM Bahtiyar YÜKSEL Finance Expert November

Department of National Accounts TURKISH STATISTICAL INSTITUTE (TurkStat) Workshop on the Implementation of the SNA-2008 in EECCA Countries and Linkages.

The Financial Corporations Sector, its subsectors and Institutional Units STATE STATISTICAL COMMITTEE OF AZERBAIJAN REPUBLIC Istanbul, May 6-8, 2015.

Regional Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics Murat EKŞİ September 2013 Ankara - Turkey.

1 TOWARD THE INTEGRATION OF THE INSTITUTIONAL INVESTORS DATABASE INTO THE FINANCIAL ACCOUNTS DATABASE Working Party on Financial Statistics October.

New financial sector delineation in ESA 2010: First assessment for the financial accounts in Austria Workshop on SNA 2008 / ESA 2010 OECD - October 2011.

Turkish Ministry of Finance General Directorate of Public Accounts Government Finance Statistics of Turkey Haydar KULAKSIZ Head of Statistics Department.

JOINTLY ORGANISED BY UNECE, EFTA, AND EUROSTAT, IN COLLABORATION WITH IMF AND TURKSTAT NOVEMBER 2013, ISTANBUL, TURKEY COUNTRY PRESENTATION: ALBANIA.

GENERAL GOVERNMENT FINANCIAL STATISTICS GENERAL GOVERNMENT FINANCIAL STATISTICS  Recent Achievements  Present Situation.

Monetary and Financial Statistics BY Rizwan Ahmad STATISTICS & DWH DEPARTMENT Seminar on Achievement of Official Statistics Monetary & Financial Statistics.

Statistics on Non-Bank Financial Sector: Experience of Central Bank of Turkey Aycan Ozek Statistics Department Deputy Director Joint National Bank of the.

THE COMPILATION OF FLOW OF FUNDS STATISTICS IN INDONESIA Paris, October th 2011 Hendy Sulistiowaty Eko Ariantoro Contributed to the Discussion of.

ECB initiatives for comprehensive, consistent and timely statistics for the euro area Deputy Director-General Statistics, ECB Werner Bier.

Analytical Accounts of Central Bank and Other Depository Corporations Workshop on “Collaboration Among Data Compilers & Users” May 8-9, 2006 Naseer Ahmad.

Implementation of the 2008 System of National Accounts in Azerbaijan and some challenges of FISIM estimation Author: Nuru Suleymanov State Statistics Committee.

Workshop on 2008 SNA and GFSM for EECCA and SEE Countries Jointly organised by UNECE, EFTA, and Eurostat, in collaboration with IMF and Turkstat National.

1 Sources and methods to calculate internal reference rate and allocate FISIM to user sectors Emilia Scafuri ISTAT, Italy.

Renata Bielak Central Statistical Office of Poland Consolidation in the Polish Financial Accounts Consolidation in the Polish Financial Accounts OECD WORKING.

Eurostat Financial accounts ESTP course - MIP Luxembourg 1-3 December 2015 Sheldon Warton-Woods Eurostat C-1.

FINANCIAL ACCOUNTS IN SLOVENIA Skopje, October 2013 Matjaž Noč.

>> The division of labour and cooperation between Danmarks Nationalbank and Statistics Denmark Financial accounts.

1 National Balance Sheet Accounts in Israel Methods and Uses.

>> Financial accounts in Denmark The organization of the work and data sources.

EU-regulations on financial accounts

Korea’s compilation method for securitization

Regional Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics Ahmet SARİ September 2013 Ankara -

FINANCIAL CORPORATIONS SECTOR

Institutional sector accounts

UNITED NATIONS NATIONAL ACCOUNTS

Institutional units according to ESA 2010

Regional Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics Gülfer DİKBAYIR September 2013 Ankara.

Integrated Economic Accounts

Consolidation in the French financial accounts

External sector statistics - Introduction to conceptual framework

WORKSHOP ON ISLAMIC FINANCE IN THE NATIONAL ACCOUNTS

Sector Accounts: Financial Corporations

External sector statistics - Introduction to conceptual framework

Presentation transcript:

Financial Accounts: Practice for Turkey National Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics in Turkey Ankara, 10th of September 2013 Burcu ÇAKMAK Central Bank of Republic of Turkey Statistics Department

2 CONTENT Overview Classifications Data Sources Current Situation Future Work

OVERVIEW 2003 Investigation and research 2004 IMF Flow of Funds for DC sector 2005 ESA95 FA for DC Sector 2006 CBRT as coordinator of FA in Off. Stat. Prog Transmission to OECD and Eurostat beg. From 2005 data Establishment of FAWG 2008 onwards Studies to produce FA for other sectors 3 / 19 TIMELINE FOR FA COMPILATION

OVERVIEW A technical working group for compilation of financial accounts in All stakeholder agencies are members Working on the compilation of general government and insurance companies financial accounts. No written protocol between agencies but OSP. 4 / 19

5 OVERVIEW Division of Responsibilities under OSP:

6 IMF Manual on Monetary and Financial Statistics 2000 European System of National Accounts (ESA 95) Institutional Sector List prepared by the CBRT CLASSIFICATIONS

7 Institutional Sectors: General Government - Central Government - Local Government - Social Security Institutions Non-Financial Corporations (private and public) Financial Corporations - CBRT - Banks - Insurance Companies and Pension Funds - Financial Intermediaries - Financial Auxiliaries Households and NPISHs Rest of the World CLASSIFICATIONS

8 S121. Central Bank S122. Other MFI S123. Other Fin. Interm. S124. Finan. Auxiliaries S125. Insurance Comp. & Pensions S121. Central Bank S122. Other MFI S123. Money Market Funds CBT Classification: SNA 2008: S125. Other Financial Intermediaries S124. NonMMF Inv. Funds S124. Finan. Auxiliaries S128. Insurance Companies S129. Pension Funds

9 DATA SOURCES Monetary Financial Institutions: Banks Supervisory Reporting Package under Uniform Chart of Accounts of BRSA Statistical Reporting Forms of CBT Central Bank: Detailed balance sheet accounts based on UFRS

10 DATA SOURCES Financial Intermediaries: Non-bank Financial Institutions Supervisory Reporting Package based on Uniform Chart of Accounts of BRSA Data on Investment Funds compiled from Capital Market Board

11 DATA SOURCES Financial Auxiliaries: Balance Sheet of Savings Deposit Insurance Fund Reporting Forms of dealer companies compiled by Capital Market Dealers Association Insurance Companies and Pension Funds: Reporting Forms of insurance companies and pension funds compiled by Treasury

12 DATA SOURCES

13 DATA SOURCES

14 CURRENT SITUATION Quarterly S121. Monetary and Financial Institutions S123. Financial Intermediaries S124. Financial Auxiliaries S125. Insurance Companies and Pension Funds Annual S13. General Government

15 CURRENT SITUATION Non-consolidated Stock Tables for: Central Bank Other Monetary Financial Institutions Financial Intermediaries Financial Auxiliaries Insurance Companies and Pension Funds Central Government Local Government Non-consolidated Flows for: Central Bank Other Monetary Financial Institutions Consolidated Stock and Flow Tables for: Central Bank Other Monetary Financial Institutions

CURRENT SITUATION Steps for FA Compilation: 1.Identify accurate data sources 2.Convert into ESA codes 3.Derive stock data 4.Compile counterpart info 5.Consolidation 6.Derive flow data 16 / 19

CURRENT SITUATION 17 / 19 Compilation Steps by Sectors Financial Corporations Non- Financial Corp. Step 3 Households Step 1 Non- Profit Inst. Serving HH Step 1 Rest of the World Step 1 General Govern. Step 4 Central Bank Step 6 Other Monetary Financial Inst. Step 6 Financial Intermed. Step 4 Financial Auxiliaries Step 4 Insurance Companies & Pension Funds Step 4 CBRT is in charge. Data are available and regularly reported to OECD and Eurostat. MoF and Treasury are in charge. Compilation studies are continuing. CBRT (with Turkstat for Non-Financial Corporations) is in charge. Compilation studies are continuing. CBRT is in charge. Compilation studies are continuing.

FUTURE WORK Financial Corporations (2013,CBRT) Insurance Corporations and Pension Funds (2013,UT) General Government ( ;UT,MOF) HH (2014,CBRT) Nonfinancial Corporations ( ;CBRT,Turkstat) ROW (2014,CBRT) FA-Whole Economy (2015) 18 / 19

THANK YOU 19 / 19

Financial Accounts: Practice for Turkey National Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics in Turkey Ankara, 10th of September 2013 Central Bank of Republic of Turkey Statistics Department