1. MANDATE of the Working Party on Financial Statistics
2 - 4 November 2009 – Item 9.
by Michèle Chavoix-Mannato (STD)

2. MANDATE of the Working Party on Financial Statistics
Objectives of the presentation
To update the information within the current Mandate regarding the main activities of the WPFS
To invite Delegates of the Group to approve a revised WPFS Mandate

3. MANDATE of the Working Party on Financial Statistics
Introduction
The OECD Directory of Bodies
Presents the bodies established by the Council
Provides for each body/group listed information on:
Chairs/Vice-Chairs
Members
Observers
Date of creation
The Mandate and its duration

4. MANDATE of the Working Party on Financial Statistics
Current WPFS Mandate
The current Mandate is based on the Minutes of the 135th session of the Council [C/M(67)4(Final), Item36]
Extract of the document [C/M(67)4(Final), Item36]:
“The Council agreed that a group of statisticians be convened to examine how financial statistics in [the field of the activities of the Committee for Invisible Transactions] could be improved”
The Mandate does not include the various activities that the WPFS is requested to undertake
As OECD Directory of Bodies is revised every year, there is an opportunity to propose changes of the WPFS Mandate

5. MANDATE of the Working Party on Financial Statistics
Proposal for a revised WPFS Mandate
The WPFS contributes to the OECD aim of deepening the knowledge of Member countries’ financial systems
High Priorities of the WPFS :
Improving the timeliness, the quality and the international comparability of OECD financial statistics
Adapting it to the evolving requirements of the Committee on Financial Markets (CMF)

6. MANDATE of the Working Party on Financial Statistics
Proposal for a revised WPFS Mandate (foll.)
Main tasks of the WPFS:
Collect/disseminate comprehensive statistics by establishing the methodology & relevant questionnaires
Harmonise national statistics across countries
Act as a forum to exchange information and experience
The WPFS will seek a maximum of concordance with the statistical works of the WPNA
The WPFS will undertake activities relating to accession countries and enhanced engagement countries

7. MANDATE of the Working Party on Financial Statistics
Conclusions
The WPFS delegates are invited:
To discuss the draft mandate
To amend the proposal, if necessary
To instruct the Secretariat to transmit this new mandate to the competent authorities of the OECD