Monetary, Balance Sheet Analysis, and Financial Statistics
The main goal of this workshop is to support data compilers in the SEE region in their efforts to improve the compilation and dissemination of high-quality monetary and financial statistics (MFS), harmonized with the latest international and European statistical standards. This workshop will address the latest methodological requirements, principles, and concepts, when compiling and reporting harmonized data for the financial corporations sector, including new developments such as FinTech. In addition, it will describe the use of MFS and other sectoral statistics (external and fiscal statistics) for intersectoral balance sheet analysis (BSA) promoted by the IMF and financial statistics required by European statistical standards and supported by the IMF.
How will you benefit
Monetary and financial statistics provide a significant input for the design and the monitoring of the monetary policy, and additionally they support the assessment of financial system stability, such as through the BSA. Thus, it is vital to perform accurate dissemination, compilation and presentation for these statistics.
The International Monetary Fund (IMF) is leader in promoting methodologically sound and internationally comparable monetary and financial statistics. During this workshop, we will focus on the latest IMF Monetary and Financial Statistics Manual and Compilation Guide. We will discuss the monetary and financial statistics framework, including methodological issues that are relevant to the compilation of analytical accounts for the entire financial sector. Additionally, through practical case studies we will review standardized report forms covered in the Manual, which serve as a tool for compiling and reporting monetary and financial data.
Particular attention will be devoted to ESCB Legal Framework for monetary and financial statistics and harmonization with the ECB requirements. Moreover, we will discuss data reporting standards and different reporting procedures in specific EU countries.
Finally, we will look at covering data sources and data collection for all sectors covered in the financial accounts and share some good practices related to it, both from EU and the SEE region.
What will you learn
Upon completion of this workshop, participants will be able to:
Learn about the monetary and financial statistics framework, and understand their scope, use, and main principles and concepts
Discuss the essential principles and concepts used in compiling monetary and financial statistics, and learn how to adhere to them
Explain the relationship of monetary and financial statistics with the System of National Accounts, other statistical manuals, and the International Financial Reporting Standards (IFRS)
Identify and allocate institutional units into institutional sectors, as key element in the macroeconomic statistical frameworks
Recognize the characteristics of different categories of financial assets and liabilities and classify them
Present the IMF’s intersectoral balance sheet analysis (BSA) for identifying financial vulnerabilities
Present the framework for monetary and financial statistics, describing the compilation, presentation, and data sources
This learning initiative will be organized in a highly participatory and interactive manner. Thus, the participants will be actively engaged in discussions through Q&A sessions and team work on case studies and exercises. Moreover, they will be strongly encouraged to exchange their national experiences, good practices and challenges.
Who should attend
Finance officials from the CEF constituency countries and beyond are welcomed and strongly encouraged to apply. Invited are those finance officials who are working at central banks, statistical offices, financial (supervision) agencies and ministries of finance; who actively deal with:
- compilation and dissemination of monetary and financial statistics
- compilation and dissemination of national and sectorial accounts
- macro-financial stability analysis
- source data providing for monetary and financial statistics
The applications from individuals who are not public officials will be considered according to the space availability.
José Carlos Moreno, Senior Economist, Statistics Department, Financial Institutions Division, IMF
José Carlos has worked in the development of macroeconomic statistics at the Central Bank of Spain (1990-97), the European Central Bank (1997-99) and the IMF (1999 to date). His areas of expertise are: monetary and financial statistics, financial soundness indicators, balance of payments statistics (IMF), financial accounts (ECB), and corporate sector statistics (Central Bank of Spain).
During his career at the IMF he visited more than 40 countries in Latin America, Europe, and South East Asia, on technical assistance, evaluation, and training missions, as well as represented the IMF in international and regional fora. He has been responsible for the development of the first international guidelines on how to compile financial statistics and he is currently involved in the update of the Financial Soundness Indicators Compilation Guide, among other projects. José Carlos holds degrees in economics, business administration, financial supervision, and law.
Steven Cappoen Head of the division Financial Accounts in the General Statistics department, National Bank of Belgium
Steven Cappoen is head of the division Financial Accounts in the General Statistics department at the National Bank of Belgium since 2012. He has been working at the NBB on financial statistics since 2002. He represents the NBB on different international fora regarding financial accounts. He has been working in the banking sector previously. He holds a Master degree in Commercial Sciences and is a Certified European Financial Analyst.
Snezhana Janeska Popovska, Head of the Financial Accounts Statistics Unit in Statistics Department, National Bank of the Republic of Macedonia
Snezhana Janeska Popovska has been appointed as Head of the Financial Accounts Statistics Unit in Statistics Department at the National Bank of the Republic of Macedonia since 2014. Prior to joining the Financial Accounts Unit, she worked in the area of Monetary Statistics. She is a coordinator of the inter-institutional working group on Financial Accounts and member of the inter-institutional working group on EDP, on the national level. She holds Master degree in Economic Science from the J.J. Strossmayer University of Osijek, Croatia.
Dušan Murn, Deputy Director in Financial Statistics Department, Banka Slovenije
Dušan Murn has started to work in Slovenian central bank in 1990 as an analyst of public finance in Analyses and Research Department. During this time he also contributed to development of various statistical concepts and products, including adoption of the IMF's SDDS in 1996.
He became a Deputy Director of statistical department in 1999 (department has been established five years earlier and has three main statistical areas: monetary and financial, external and financial accounts). He worked intensively in harmonisation of monetary and financial statistics with the ECB's requirements and in development of a multipurpose reporting system of credit institutions and other financial intermediaries. He is a member of the Statistical Committee of the ESCB, where he was also head of the JEGR (Joint Expert Group on Reconciliation) in 2012-2013.
Tine Janžek, Analyst in Financial Statistics Department, Banka Slovenije
Tine Janžek has been working as the analyst in the Financial Statistics department at the Bank of Slovenia since 2010. His main responsibilities encompass development, production and compilation of balance sheet items statistics among other ongoing projects like securities issue statistics and SME financing. With a degree in economics at the Faculty of Economics and current enrolment in a PhD programme his main area of expertise are statistics, banking and monetary policy.
This learning initiative was supported by: