Statistics on non bank financial sector experience of central bank of turkey
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Statistics on Non-Bank Financial Sector: Experience of Central Bank of Turkey. Aycan Ozek Statistics Department Deputy Director. Joint National Bank of the Republic of Macedonia and ECB Seminar on Statistics October 2-5, 2013 Skopje. Outline. Changing Environment CBT’s Experience

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Statistics on Non-Bank Financial Sector: Experience of Central Bank of Turkey

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Statistics on non bank financial sector experience of central bank of turkey

Statistics on Non-Bank Financial Sector:Experience of Central Bank of Turkey

Aycan Ozek

StatisticsDepartment

DeputyDirector

Joint National Bank of the Republic of Macedonia and ECB

Seminar on Statistics

October 2-5, 2013

Skopje


Outline

Outline

  • Changing Environment

  • CBT’s Experience

  • - Other Financial Intermediaries

  • - Financial Auxiliaries

  • - Insurance Corporations and pension Funds

  • 3. Future Work


Changing environment

Changing Environment


Changing environment1

  • Emerging Statistical Needs:

  • Move from traditional data collection systems to emerging statistical needs (G-20 data gaps initiative):

  • Strengthening the coverage of balance sheets

  • Flow of funds data

  • Data on non-bank financial institutions

  • More timely and comparable statistics

Changing Environment


Changing environment2

  • The Need for Non-Bank Financial Institutions’ Data:

  • G-20 Data Gaps Initiative

  • Reporting requirements from international institutions (OECD, BIS)

  • Harmonization with international standards (ESA95, MFSM)

Changing Environment


Cbt s experience

Traditional Data Sources :

Central Bank Accounts

BalanceSheet / Accounting Records

CBT’s Experience

Banking Data

SupervisoryReporting Forms

Money Market Data


Cbt s experience1

New Data Sources:

CBT’s Experience


Cbt s experience2

  • CBT Classification of Financial Corporations (S.12):

  • Central Bank

  • Other Monetary Financial Institutions

  • Non-Bank Financial Institutions

  • - Financial Intermediaries

  • - Financial Auxiliaries

  • - Insurance Corporations and Pension Funds

CBT’s Experience


Other financial intermediaries

  • Other Financial Intermediaries (S.123) in ESA 95:

  • ‘ ….All financial corporations which are principally engaged in financial intermediation by incurring liabilities in forms other than currency, deposits and/or close substitutes for deposits from institutional units other than monetary financial institutions, or insurance technical reserves.’ (paragraph 2.53)

Other Financial Intermediaries


Other financial intermediaries1

Comparison between other monetary financial institutions and OFIs

Other Financial Intermediaries

OFIs

Liabilities

- from non MFIsother than

currency, deposits and / or close substitutes for deposits

MFIs

Liabilities

- from non MFIs deposits and / or close substitutes for deposits


Other financial intermediaries2

  • Institutional Units in S.123:

    • financial leasing corporations

    • personal or commercial finance corporations

    • factoring corporations

    • security and derivative dealers (on own account)

    • venture and development capital companies

    • export and import financing companies

    • financial vehicle corporations, created to be holders of securitized assets

    • financial intermediaries which receive deposits or close substitutes for deposits from MFI´s

Other Financial Intermediaries


Other financial intermediaries3

Other Financial Intermediaries


Other financial intermediaries4

  • Data Sources for S.123:

  • Unified Chart of Accounts of Financial Leasing, Factoring and Finance Companies compiled by BRSA

  • Capital Market Board data set for Investment Funds

  • Data on holder sectors of investment funds compiled by Central Registry Agency

Other Financial Intermediaries


Other financial intermediaries5

Other Financial Intermediaries


Other financial intermediaries6

Other Financial Intermediaries


Financial auxiliaries

  • Financial Auxiliaries (S.124) in ESA 95:

  • ‘ ….All financial corporations which are principally engaged in auxiliary financial activities, that is to say activities closely related to financial intermediation but which are not financial intermediation themselves.’ (paragraph 2.57)

Financial Auxiliaries


Financial auxiliaries1

  • Institutional Units in S.124:

    • insurance brokers, insurance and pension consultants, etc

    • loan brokers, security brokers, investment advisers, etc.

    • corporations that manage the issue of securities

    • corporations whose principal function is to guarantee, by indorsement, bills and similar instruments

    • corporations which arrange derivative instruments

    • corporations providing infrastructure for financial markets

    • central supervisory authorities

    • managers of pension funds, mutual funds, etc.

    • corporations providing stock exchange, insurance exchange

Financial Auxiliaries


Financial auxiliaries2

Financial Auxiliaries


Financial auxiliaries3

Financial Auxiliaries


Financial auxiliaries4

Financial Auxiliaries


Financial auxiliaries5

  • Data Sources for S.124:

  • Unified Financial Reporting System of Capital Market Dealer Companies compiled from Capital Market Dealer’s Association

  • Detailed balance sheet items of Savings Deposit Insurance Fund

Financial Auxiliaries


Insurance corp and pension funds

  • Insurance Corporations and Pension Funds (S.125) in ESA 95:

  • ‘ ….All financial corporations which are principally engaged in financial intermediation as the consequence of the pooling of risks.’ (paragraph 2.60)

Insurance Corp. and Pension Funds


Insurance corp and pension funds1

  • Institutional Units in S.125:

    • insurance corporations

    • reinsurance corporations

    • (autonomous) pension funds

Insurance Corp. and Pension Funds


Insurance corp and pension funds2

  • Data Sources for S.125:

  • Financial reports of Insurance Companies and Pension Funds compiled by Treasury

Insurance Corp. and Pension Funds


Insurance corp and pension funds3

Insurance Corp. and Pension Funds


Insurance corp and pension funds4

Insurance Corp. and Pension Funds


Cbt s experience3

Financial Assets of Non-Bank Financial Sector

CBT’s Experience:


Cbt s experience4

Financial Liabilities of Non-Bank Financial Sector

CBT’s Experience:


Cbt s experience5

CBT’s Experience


Cbt s experience6

Asset Composition of Non-Bank Financial Institutions

CBT’s Experience


Cbt s experience7

Liability Composition of Non-Bank Financial Institutions

CBT’s Experience


Cbt s experience8

  • Periodic Reports on Non-Bank Financial Sector

  • OECD Institutional Investors’ Survey

  • Financial Accounts (OECD, Eurostat, CBT web site)

  • Statistics on Non-Bank Financial Sector (CBT web site)

CBT’s Experience


Future work

Future Work


Statistics on non bank financial sector experience of central bank of turkey

PLEASE CONTACT FOR FURTHER INFORMATION:AYCAN ÖZEKPHONE: +90 312 5076915E-MAIL: [email protected]

CENTRAL BANK OF TURKEYSTATISTICS DEPARTMENTMONETARY AND FINANCIAL STATISTICS DIVISION


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