DRA-reporting profile OFK 20 and 25 November 2019

Transcript:DRA-reporting profile OFK 20 and 25 November 2019:
DRA-reporting profile OFK 20 and 25 November 2019 Information OFIs Program 13.30 hrs: Opening Eric Klaaijsen 13.35 hrs: Background and reason Melle Bijlsma 13.45 hrs: Content of reporting Eric Klaaijsen 14.20 hrs: Method of submission of reports Paul Vleeshouwers 14.45 hrs: Question round 15.00 hrs: Closure / end PAUSE 15.30 hrs: Information meeting Monthly Securities Report (MSR) / 2 Background and reasons Melle Bijlsma Head of Deparment Other Financial Intermediaries Statistics (as from 1 December 2019: Financial Sector Accounts) / 3 Background and reasons More information needs on Non-bank financial intermediation as a result of tightening regulations for banks after financial crisis  ECB, European Systemic Risk Board, Financial Stability Board, G-20 Better (more complete) observation, frequency and level of detail required compared to current data sources at DNB and CBS Partly thanks to collaboration with CBS, as many information needs as possible have been merged into one quarterly report Quarterly sector accounts for National Accounts (CBS / DNB) Required information for balance of payments (DNB / ECB; no longer on a monthly but on a quarterly basis) Required information for ECB sector statistics Securities information for Securities Holdings Statistics (ECB) By introducing a new reporting model ("quarterly cube") later than anticipated, implementation for now via DRA reporting / 4 Nederland grote OFI-sector, met data gaps Global Monitoring Report on Non-Bank Financial Intermediation 2018, Financial Stability Board (FSB), 4 February 2019 “Remaining data gaps prevent a more complete risk assessment in some parts of the non-bank financial sector. Vulnerabilities can build up unnoticed among entities where statistical information is not readily available or not sufficiently granular. Such gaps include missing breakdowns by types of entity, e.g. in the OFI residual of the euro area sector accounts.” EU Non-bank Financial Intermediation Risk Monitor 2019, European Systematic Risk Board (ESRB), 17 July 2019 NL by size OFI-sector compared to GDP fourth largest in the world with over 800% / 5 Content of reporting Eric Klaaijsen Policy adviser / product owner OFIs / 6 Inhoud van rapportage Why do you have to report? - population framework - population composition and criteria Reporting structure - differences between OFI and OFK DRA reporting profiles - (sub) forms per instrument - reconciliation balance sheet and related interest - reporting of securities (ISIN / non-ISIN) - profit and loss account - principles Timelines Support Questions Disclaimer: the XML specifications and the explanation of the DRA report published