1. Treatment of FISIM in Regional Accounts

2. Structure of the talk Background FISIM Regulations
State of implementation

3. Background FISIM method under discussion for years
National level first, regional afterwards
Method and timetable fixed by Regulations

4. FISIM Regulations Council Reg. 448/98: Commission Reg. 1889/2002:
Requires FISIM adjustment
Gives time for trial calculations
Commission Reg. 1889/2002:
Method: Stocks of loans + deposits, or output
Implementation as from January 2005

5. State of Implementation
National level
Majority of MS implement until Sept 2005
Minority of MS is behind schedule
Regional level
Timetable: Few MS ready in 2004, roughly half in autumn 2005, minority not before 2006
Method: Most MS will take GVA, some output, very few stocks of loans + deposits

6. Thank you for your attention !
Questions and comments?