1. Voluntary data request: state of play on OECD request on AFA
Item 2 Eurostat Task Force on Annual Financial Accounts Frankfurt am Main, 9 March 2017

2. Background to the data request
Request last year from OECD, DG ECFIN, and ECB for additional national accounts-based data.
Motivation for OECD request is from user demands relating to:
financial risks and economic resilience
monitoring productivity, investment, wealth, finance
better measuring globalisation
expressing the needs of G20 Data Gaps Initiative.

3. Timetable for European Statistical System
NAWG Nov 2016
Proposed a questionnaire and prioritisation of requests
DMES Dec 2016
Agreed on questionnaire
Prioritisation presented
Questionnaire results
Summary to be produced and distributed
NAWG/DMES 2017
Discussion at next meetings
Several countries compile each quarter the AFA at the same time as quarterly production.
We encourage frequent updates and transmission to Eurostat

4. Questionnaire on QFA and AFA
Joint questionnaire with ECB covering data request on QFA and AFA:
Back data
Financial instruments
Institutional sectors
Consolidated and who-to-whom data
Eurostat summary of AFA results in the context of ESA 2010 transmission programme. For detail of country replies, see WG FA document (item 7).

5. Highlights: back data
ESA 2010 TP asks for data from Most derogations are due to close this year
Very little mention of AFA available before 1995:
HU 1990+
CZ 1993+

6. Highlights: financial instruments
Generally very limited positive response.
Most breakdowns available for HU, some for LV and NL
Several countries could provide F.221 interbank deposits
F.6 breakdown generally available through ESA TP
Poor availability for other breakdowns.

7. Hightlights: institutional sectors
S.12 subsectors S.121 to S.129: 18 countries could provide all or most
S.125 and S.127 breakdowns: 14 countries could provide all or most (in medium term?)
Weak availability on other breakdowns (S.123, S.124, S.128, S.129, S.1100x, S.1200x.

8. Highlights: consolidated and W2W
Consolidated tables are required under ESA 2010 TP for transactions and balance sheets.
In addition 17 countries provide consolidated other flows tables, and 5 countries the W2W tables (level 2)
13 countries could provide all or most series available up to level 3 or 3+, but without the S.2 split into non-resident sectors.

9. Conclusions (1)
Back data HIGH PRIORITY: very limited scope before 1995 (but some available on a basis not fully in line with ESA 2010?)
Financial instruments MEDIUM PRIORITY (HIGH FOR S.12): generally very limited positive response. However, maybe some of the request could be satisfied in the medium term using existing sources (one or two countries expressed this, mentioning the sources)

10. Conclusions (2)
Institutional sectors HIGH PRIORITY: generally positive on breakdown into S.121-S.129. S.125 and S.127 breakdowns to some extent possible (only in medium term?)
Consolidated and W2W MEDIUM PRIORITY: good situation for consolidated datasets. Around half the countries could provide much W2W data using a detailed counterpart sector breakdown.

11. TF-AFA members are invited to comment on:
the feasibility of the voluntary data request for their country
The summary of the questionnaire replies.