REPORT 2012 |PRODUCTS AND SERVICES OF THE EUROPEAN …€¦ · Poland 11 REPORT 2012 | Products and...

REPORT 2012 | PRODUCTS AND SERVICES OF THE EUROPEAN CBSOs

APRIL 2012

1European Committee of Central Balance‐Sheet Data Offices

ECCBSO

EUROPEAN COMMITTEE OF CENTRAL BALANCE‐SHEET DATA OFFICES

Banca d’Italia

APRIL 2012

Banca d’Italia

Banca Naţională a României

Banka Slovenije

Banco de España

Banco de PortugalBanco de Portugal

Bank of England

Banque de France

Banque Nationale de Belgique

Central Bank of Ireland

Centraal Bureau voor de Statistiek - Netherlands

Cerved Group spa – Centrale dei Bilanci

Česká Národní banka

Danmarks Statistik

Danmarks NationalBank

Deutsche Bundesbank

European Central Bank

Národná banka Slovenska

Narodowy Bank Polski

Oesterreichischen Nationalbank

STATEC – Luxembourg

Statistiska centralbyråns - Sweden

2

Tilastokeskus - Statistikcentralen

Τράπεζα της Ελλάδος

EUROPEAN COMMITTEE OF CENTRAL BALANCE‐SHEET DATA OFFICES | report

1 ECCBSO PRESENTATION

INDEX

1. ECCBSO PRESENTATION

2. QUESTIONNAIRE APPROACH

3 EUROPEAN CBSO3. EUROPEAN CBSOs

3.1 CHARACTERIZATION OF CBSOs

3 2 CBSO DATABASES3.2 CBSOs DATABASES

3.3 CBSOs PRODUCTS AND SERVICES (P&S)

3 4 FUTURE CBSO PRODUCTS AND SERVICES (P&S)

3

3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S)

3.5 SUMMARY



INDEX








4


3.5 SUMMARY

European Committee of Central Balance‐Sheet Data Offices

ECCBSOECCBSO PRESENTATION

The European Committee of Central Balance‐Sheet Data Offices (ECCBSO) is an informal body whose members consist of experts either from the Central

Balance‐Sheet Data Offices belonging to or associated with the National Central Banks (NCB) of the European Community, or from National Statistical Institutes.

The main task of the ECCBSO is to improve the analysis of Non‐financial corporate enterprises data through the exchange of information and joint studies, on the

basis of the work carried out by the national central balance‐sheet data offices which collect, store and diffuse descriptive and accounting firm data, and starting

from these information, they develop economic and financial research.from these information, they develop economic and financial research.

The structure of the ECCBSO is the following:

ECCBSOEuropean Committee of Central Balance‐Sheet Data Offices

ECCBSO

CHAIRMAINSHIP

MEMBERS

BANCO DE ESPAÑA (from November 2010 until November 2013)

PERMANENT OBSERVERS

Banca d'Italia | Banco de Portugal | Banco de España | Bank of England | Bank of Greece | Banque de France | Banque Nationale de Belgique – Nationale Bank van België | Central Bank of Ireland | Cerved Group spa ‐Centrale dei Bilanci | Czech National Bank | Danmarks NationalBank | Deutsche Bundesbank | EuropeanCentral Bank | National Bank of Poland | National Bank of Romania | National Bank of Slovakia | NationalB k f Sl i | O i hi h N i lb k | STATEC L b | S i i Fi l d | S i i

OBSERVERS

European Commission IFRS Foundation

5

REPORT 2012 | Products and Services of the European CBSOs

Bank of Slovenia | Oesterreichische Nationalbank | STATEC – Luxembourg | Statistics Finland | StatisticsNetherlands | Statistics Sweden | Statistics Denmark

April 2012



E ropean Committee of Central Balance Sheet Data Offices

ECCBSOhttp://www.eccbso.org/


http // bachesd banq e france fr/http://www.bachesd.banque‐france.fr/

The European Committee of Central Balance‐Sheet Data Offices (ECCBSO) has developed two databases: namely the Bank for Accounts of Companies

Harmonized (BACH) and the European Sectoral references Database (ESD). In the near future, BACH database will include both sets of data.

BACH(harmonized annual accounts statistics; aggregated data)

BACH - ESD(harmonized annual accounts statistics; statistical distributions)

nine European countriesat least 10 financial years (from 2000 onwards)

95 major items of the balance sheet , of the profit and loss accountbusiness sectors corresponding to the NACE rev. 2 (divisions ‐ 2 digits)

three different size types (defined according to the turnover)

nine European countriesat least 10 financial years (from 2000 onwards)

28 financial ratiosquartiles and weighted means

differentiated by NACE rev.2 (division – 2 digits) and firm sizes.

6

REPORT 2012 | Products and Services of the European CBSOs April 2012





The European Committee of Central Balance‐Sheet Data Offices (ECCBSO) has created four working groups: namely RISK ASSESSMENT WORKING GROUP, BACH‐


ESD WORKING GROUP, III WORKING GROUP ON IFRS IMPACT AND CBSO DATABASES and STUDY GROUP.

BACH – ESD WGRISK ASSESSMENT WG

The BACH ‐ESD Working Group is in charge of developing and improvingtwo European statistical databases: the BACH database or Bank forAccounts of Companies Harmonized, and the BACH‐ESD database orEuropean Sectoral References database. These databases providecomparable sectoral statistics from annual accounts of non‐financial

The Risk Assessment Working Group was set up in order to draw up theso called White Paper on corporate analysis in Europe and to draftreports on the analysis of stocks and flows conducted in the variouscentral balance‐sheet data offices. The group then expanded its projectand its members have been working in cooperation with the related

III WG ON IFRS IMPACT AND CBSO DATABASES STUDY GROUP

comparable sectoral statistics from annual accounts of non financialincorporated companies of a number of European countries.

and its members have been working in cooperation with the relateddivisions of the European Central Bank, homogenizing the risk analysis.

The III Working Group primarily focuses on the impact of theInternational Financial Reporting Standards (IFRS), issued by the IASB,on the accountancy of non financial corporations and their effects onthe European central balance sheet data offices´ databases andquestionnaires, trying to assess both potential opportunities and risks.

The Study Group focuses mainly on the analysis of equity capitalizationin an international setting. It has already produced three studies. Themost recent one deals with Net Worth at Risk (NWaR), which waspublished in August 2005. NWaR is dealing with the minimum capitalneeded by a company in order to absorb potential losses for/during a

7


q , y g p pp y p y p / gperiod of two years of crises.

April 2012





Several publications have been prepared based on the work performed within the ECCBSO.


RISK ASSESSMENT WGBACH – ESD WG

The research of the WorkingGroup on Risk Assessment isdedicated to credit riskmodeling and measurement.

Several economic studies havebeen made based on BACH andBACH‐ESD databases.

STUDY GROUPIII WG ON IFRS IMPACT AND CBSO DATABASE

Currently, the Group is doingsupplemental research onNWaR, as well as taking intoconsideration aspects ofilliquidity.

The Group has developed IFRS‐compliant standard formats(using the IFRS Taxonomy) andcreated a database of EuropeanRecords of IFRS Consolidated

8


Accounts (ERICA).

April 2012



INDEX








9


3.5 SUMMARY


ECCBSOQUESTIONNAIRE APPROACH

The strength of the Committee lies in the different goals and work methods employed in each national central balance sheet data office: although all them have

in common the use of accounting data for different purposes, the goals achieved by each institution, and the products and services offered by them, are quite

diverse. This allows the different working groups of the ECCBSO to cover a vast scope of matters. Although the website of the Committee diffuses widely the

works done by the ECCBSO´s working groups, it seems convenient to include also some explanatory remarks about the tasks developed by each member.

This Report aims to take stock of the products and services currently developed, and/ or under development in the different Central Balance‐Sheet Data OfficesThis Report aims to take stock of the products and services currently developed, and/ or under development in the different Central Balance Sheet Data Offices

members of it. To that aim, it was developed a questionnaire to acknowledge the different work done across Europe. The questionnaire comprises five parts:

General Information, Raw data, Products and Services (P&S), Future P&S and Summary Table.

Global characterization of each CBSOPART I GENERAL

QUESTIONNAIRE STRUCTURE

Main features of each product and service currently provided by every CBSO

Characteristics of CBSO data sources

NFORMATION

PART II RAW DATA

PART III P&S

A summary of the answers

General characteristics of new CBSO data sources and CBSO products and services

p y p y yPART III P&S

PART IV FUTURE P&S

PART V SUMMARY TABLE

10


yTABLE

April 2012


ECCBSOQUESTIONNAIRE APPROACH

The questionnaire was sent in November 2011 to twenty European countries and to the ECCBSO itself. The large majority of the countries have answered (77%).

In the Annex to this Report (Excel file) individual answers are provided.

Austria BelgiumCzech Rep.

D k (NCB)Spain

SwedenUK

Denmark (NCB)

FinlandSlovenia

p


ECCBSOFranceSlovakia

Germany

GreecePortugal

Romania

Ireland*Italy

(NCB and CERVED)LuxembourgNetherlands

Poland

Portugal

11


Covered by this Report

Not covered by this Report

April 2012

*Bank of Ireland has answered to this Questionnaire. However, it was not considered in the Report because it does not run a genuine Central Balance‐Sheet database.



INDEX








12


3.5 SUMMARY


ECCBSOCHARACTERIZATION OF CBSOs

The major part of the European Central Balance‐Sheet Data Offices (CBSO) are installed in National Central Banks (G1). From our sample, a significant part of the

CBSOs that belong to National Central Banks (NCBs) are directly associated with the statistical function (G2). CBSOs belonging to other type of institutions have the

following main tasks: analysis/ research (ECCBSO), statistics (National Statistical institute) and risk assessment/ rating (private company).

It is somewhat important to bear in mind that the questionnaire was delivered to ECCBSO members, which are mainly constituted by National Central Banks.

However, according to the results of this questionnaire:

‐ National Statistical Institutes play an important role in: Czech Republic and Poland; and,

‐ Private companies are important in Denmark and Italy.

G1 | TYPE OF INSTITUTION G2 | MAIN OBJECTIVE OF THE CBSOs IN NCBs

137

1 1 1

32

1 1 1

ECCBSO National Central Bank

National Statistical Institute

Private Company

1 1

Statistics Risk Assessment/Rating

Fin. Stability Publication of micro‐data

Supervision

13


NB: In Germany CBSO database is managed by two different Departments with two different objectives. For that reason, for this country it was considered two main objectives.

April 2012

NB: two different entities were considered for Italy (NCB and private company).



INDEX








14


3.5 SUMMARY


ECCBSOCBSOs DATABASES

Knowledge of the data sources is the basis of any analysis or statistics. Not only the type that each one of the databases has, but also the interest and usability

(measured, for instance, in terms of the representativeness of the data).

Among the fourteen countries that have answered to this questionnaire, it was encountered 44 databases directly linked to the CBSOs, which in average

represents 3 databases per country. In general, the major part of the databases under the supervision of CBSOs are possible to be agglomerated by periodicity/

accounting consolidation: Annual accounts (individual/ consolidated accounts), Quarterly accounts (individual/ consolidated accounts), Semi‐annual accounts

(i di id l/ lid t d t ) d Oth (D i ti d t b B i R i t d C t l C dit R i t )(individual/ consolidated accounts) and Other (Descriptive databases, Business Register and Central Credit Register).

G3| NUMBER OF DATABASES BY PERIODICITY AND ACCOUNTS CONSOLIDATION

In terms of periodicity of raw data, a significant part concern annual data

(G3); 26 out of 44 data sources. It seems that all countries have at least

annual data, although in Romania this data is based on semi‐annual data

accounts.16 6 4Annual

Individual

In terms of whether the sources incorporate individual accounts or/and

consolidated accounts, it seems clear from the graph that individual

accounts are most common in European CBSO databases; 22 out of 44

data sources.

5 1 2Quarterly

1 2Semi‐annual

Consolidated

Individual

Individual & consolidatedThe major part of quarterly data concerns individual data; 5 out of 8 data

sources.

annual

7Other

15


For more information, see BOX 1.

Note: ‘Other’ refers to Descriptive databases, Business Register and Central Credit Register

April 2012



Regarding the ‘Other’ databases – Descriptive databases, Business Register and Central Credit Register – only 3 countries (France, Italy and Portugal) have some

under its own responsibility (G4). In this field, the CBSOs from these countries find particularly useful to run Business Register.

G4| DESCRIPTIVE DATABASES, BUSINESS REGISTER AND CENTRAL CREDIT REGISTER

1

2

1 1

1

1

2

1 1 1

Central Credit Register Descriptive databases Business Register

France Portugal ItalyFrance Portugal Italy

Central Credit Register: database that records information related to loans granted by credit institutions to companies;

Descriptive database: database with complementary information about companies; for example, extraordinary events like M&A, group structures;

16


Business Register: database concerning the Non Financial Corporations’ population; it includes general characteristics of each corporation, like the sector of

activity, date of birth, class dimension.



BOX 1| DATABASES BY PERIODICITY AND ACCOUNTS CONSOLIDATION

3

Other

Semi‐annual Cons

Semi‐annual Indiv

Quarterly Indiv & Cons

1

3

2

2

Q y

Quarterly Cons

Quarterly Indiv

Annual Indiv & Cons

Annual Cons

1 1 1

2

1

1 1

1 1

1

1

Annual Cons

Annual Indiv

2 2 2 2

1 1 11 1 1

1 1 1 1 1 1 1 111

17




G5| NUMBER OF DATABASES BY SOURCE

Data are mainly obtained directly by CBSOs from both Administrative data

and Statistical surveys; 26 out of 37 databases. It is important to notice that 8

of this 13 Administrative data are related to sources with annual data

( d d l ) l d l k f l d

2Multiple sources

ANNUAL DATA

(individual accounts). Statistical surveys are used likewise for annual and

quarterly data (individual accounts).

Administrative data, Statistical surveys and Official financial reporting explain 5

1

1

1

1

1

2

Statistical Survey

Official financial accounts

Tax returns

86% of the sources of the CBSOs databases.8 3 1Administrative data

Individual Consolidated Individual & consolidatedAdministrative

Multiple sources, 5%

Tax returns, 5%Search, 3%

INDIVIDUAL: 5 Statistical survey; CONSOLIDATED: 1Official financial accounts; INDIVIDUAL &CONSOLIDATED: 1 Statistical survey and 1 Official

QUARTERLY DATA

data, 35%Official financial accounts, 16%

financial accounts

Note: Descriptive databases, Business Register and Central Credit Register are not considered in this analysis.

SEMI‐ANNUAL DATAINDIVIDUAL: 1 Administrative data; CONSOLIDATED: 1Official financial accounts and 1 obtained by searchingon the internet

Statistical survey, 35%

18


considered in this analysis.

April 2012



G6| NUMBER OF RAW DATA BY LEGAL BASIS

68% of the raw data aremandatory;

32% are obtained on a voluntary basis.Mandatory,

68%

Voluntary, 32%

68%

INDIVIDUAL CONSOLIDATED IND & CONS

10

6

33 22ANNUAL

ACCOUNTS

Mandatory Voluntary

1

QUARTERLY

41 2

QUARTERLY ACCOUNTS

Note: All 3 Semi‐annual databases are mandatory.

19


Note: All 3 Semi annual databases are mandatory.

April 2012



FAST FACTS ABOUT EUROPEAN CBSOs (I)

T2| RESPONSABILITY FOR COLLECTING RAW DATA

48% of the raw data is collected directly by the CBSOs (43%) or by other

NCB i t l D t t (St ti ti ) (5%) E t l d ti f d t

Info| AVAILABILITY OF RAW DATA

68% of databases have started before 2005. Among the remaining

d b i i i i h f L b h h dNCBs internal Departments (Statistics) (5%). External conduction of data

collection (39%) refers to, among others, private companies, Ministry of

Finance and National Statistical Offices.

DATA SOURCE RESPONSIBLE %

databases it is important to mention the case of Luxembourg that has started

in 2011.

Info| RAW DATA BY MAIN CONTENTS

DATA SOURCE RESPONSIBLE %

CBSO 43

EXTERNAL 39

SHARED INTERNAL ‐ EXTERNAL 9

CBSO & EXTERNAL 5

SHARED 95% of databases have at least information about Balance sheet (BS) and

Income Statement (IS). The remaining 5% have at least BS.

INTERNAL ‐ STATISTICS 5

It is important to notice that databases have a huge variety of additional

information like cash flow statements, accounting details, notes, default data

and others.

In this sense, 23 of the raw data has some external component (shared or not

shared); 78% of the external entities involved are Public. For more detail see

20


BOX 2.

April 2012



BOX 2| RESPONSABILITY FOR DATA COLLECTION PER PERIODICITY AND ACCOUNTS CONSOLIDATION

1

2

Internal ‐ Statistics

CBSO & External

Shared Internal‐External

External

8

CBSO

1

1

54

21 1

3

12

1

12

1 1 1

1

12

1

1

1 1 11 1 1

Indiv Cons Indiv & cons Indiv Cons Indiv & cons Indiv Cons Business Register

Central Credit Register

Descriptive Database

Annual Quarterly Semi‐annual Others

21




FAST FACTS ABOUT EUROPEAN CBSOs (II)

Info| DATABASES BY COVERAGE

57% of databases correspond to a subset of corporations. While 41%

f ll f h ( l ) l d

Info| DATABASES BY ACCOUNTING BASIS

51% of the raw data is of National GAAP nature. The other half is divided in

d t b d ith N ti l GAAP d IFRS (19%) l l IFRS (24%) d concern full coverage of the NFC (Non‐Financial Corporations) population and

2% to a statistical sample. It is important to see that almost half of the

databases related to NFC population corresponds to databases of Annual

accounts.

raw data based on either National GAAP and IFRS (19%), solely IFRS (24%) and

a combination between IFRS and ESA standards (5%). National GAAP is the

accounting basis for the majority of individual data while consolidated accounts

are mostly denominated in IFRS.

9%

14%

33% 33% G7| DATABASES BY SAMPLE BIAS

77%

33%

67%17%

17% 57% of the CBSO samples have a bias. The foundation is mainly explained by

biasness towards larger size classes (96%). Such biases are mainly present in

the databases with individual accounts. See BOX 3 for more.

Individual Consolidated Individual & consolidated

l l

Not biased, 43%

Biased, 57%

22


National GAAP IFRS National GAAP & IFRS IFRS + ESA

April 2012



FAST FACTS ABOUT EUROPEAN CBSOs (II)

G8| DATABASES BY BREAK IN TIME SERIES

55% of databases does not have any break in time series. Major reasons for

BOX 3| SAMPLE BIAS BY ACCOUNTS CONSOLIDATION

breaks are due to changes in the accounting systems (55%) and samples (20%).

Of databases that have started before 2005, 47% have break in time series.32%

17%

NO, 55%

YES, 45%

68%

83%

78%

22%

Individual Consolidated Individual & 67%

33%

33%

67%

Consolidated

Individual & consolidated

Individual Consolidated Individual & consolidated

YES NO45% 55%Individual

YES NO

23


YES NO

April 2012



G9 | AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs [NOTE: DATA FOR 2011 AND 2012 UNDER DEVELOPMENT]

SI

DEDE

IT

PTPT

AT

FRES

LUSI

INDIVIDUAL ACCOUTNS

CONSOLIDATED

ITIT

ROSI

SKSICZ

ATCZDE

ACCOUNTS

INDIVIDUAL & CONSOLIDATED

ACCOUNTS

ESDK

PLPL

SI DEFR

PT

ROPTDESCRIPTIVE

DATABASES, BUSINESS REGISTER, CENTRAL CREDIT REGISTER

DEFRFRFR

PT

ITIT

ES

ES

PT

DE ITIT

BE

ESAT

DE

BE

24




BOX 4 | AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs [NOTE: DATA FOR 2011 AND 2012 UNDER DEVELOPMENT]

SI

DEDE

IT

PTPT

AT

FRES

LUSI

INDIVIDUAL ACCOUNTS

CZ

PTAT

LU

SI

ITIT

ROSI

SKSICZ

ATCZDE

DEPT

ROSK

CZ

ESDK

PLPL

SI DEFR

PT

ROPT

PL

ES

IT

ESPL

SI

DEFRFRFR

PT

ITIT

ES

ES

PT

ES

ATFR

PTES

BE

DE ITIT

BE

ESAT

DE

BE

1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

ITBE

25


Annual accounts Quarterly accounts Semi‐annual accounts

April 2012



BOX 5 | AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs [NOTE: DATA FOR 2011 AND 2012 UNDER DEVELOPMENT]

CONSOLIDATED ACCOUNTS

DE

FR

DE

PT

ES

IT

DE

BE

FR

AT

1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

INDIVIDUAL & CONSOLIDATED

ACCOUNTSDK

SI

SI

IT

DEDE

26


Annual accounts Quarterly accounts Semi‐annual accounts

April 2012



G10 | ANNUAL DATABASES

Total Nr=26

4

Individual & Consolidated

Consolidated

Individual

S* 4

2

2

1

TIMELINESS

1

34

3 3

1 11

N + 4 months N + 6 months N + 7 months N + 9 months N + 10 months N + 11 months N + 12 months N + 14 months

N + 4 months, 13%

G11 | QUARTERLY DATABASES G12 | SEMI‐ANNUAL DATABASES

N + 8 months, 33%

Total Nr=8 Total Nr=3

(1 i di id l)(1 i di id l &

N + 2 months, 63%

N + 3 months, 25%

N + 3 months, 33%

N + 6 months, (4 individual and 1

(1 individual)

(1 consolidated)

(1 individual & consolidated)

27


,33%

(individual & consolidated)

(1 individual and 1 consolidated) (1 consolidated)

April 2012

* In some cases, Timeliness figures for provisional statistics raw data. The database itself might not be complete at the given date



INDEX








28


3.5 SUMMARY


ECCBSOCBSOs PRODUCTS AND SERVICES (P&S)

This section of the Report presents the Products & Services (P&S) carried out by the CBSOs enquired. Of the fifteen European countries/entities* that are

considered in the present analysis it was found a total of 123 P&S. It is important to notice that Luxembourg has no P&S in the moment because its activity as a

CBSO is starting this year For this reason Luxembourg will only be considered in the section of Future P&SCBSO is starting this year. For this reason, Luxembourg will only be considered in the section of Future P&S.

According to the answers of the questionnaire, each country/ entity has in average 8 P&S. By P&S categories, the great majority would respect to ‘aggregated

data’ (37%). The rest of the P&S have the following division: Studies/ Reports/ Analysis (28%), Microdata – individual data (20%), Risk Assessment (8%) and

Mi d t d t d d t (7%) Pl Fi 1 d G h 13 t h d t il h P&SMicrodata and aggregated data (7%). Please see Figure 1 and Graph 13 to have more detail on each P&S.

F1| TYPES OF PRODUCTS & SERVICES

37% AGGREGATED DATAIt respects to P&S that diffuse mere aggregated data, without analytical texts, on economic/financial indicators. For example, by sector of activity, size of companies.

Whenever the P&S is focused on presenting some deepness to some subject of interest28%

20%

STUDIES/ REPORTS/ ANALYSIS

MICRODATA: INDIVIDUAL DATA

P&S that delivers data on an individual basis, company by company. For instance, thedelivery of the accounts of one company for matters of Bank Supervision.

Whenever the P&S is focused on presenting some deepness to some subject of interest.For instance, the financial performance of SMEs.

8%

7% MICRODATA AND AGGREGATED DATA

RISK ASSESSMENT

Meant for P&S that put together ‘microdata: individual data’ and ‘aggregated data’. Forexample, a P&S that compares a single company to its sector/ company size.

P&S related to rating and/ or scoring. The Financial Stability Report was also included here.

29


*For Italy two entities were considered: National Central Bank and private company



G13| NUMBER AND TYPE OF PRODUCTS & SERVICES BY CBSO

5

1

3 1

43

1

1

3 1

1

12

25

2

2

1

1 1

2

1

1

10 10

54

3

2

2

4

3

3 3

2

23

12

1 1

1

1

12

12

1 1 1

32

12

1

Portugal Spain France Belgium Germany Italy_BdI Poland Italy_CG Romania Austria ECCBSO Czech Rep.

Denmark Slovakia Slovenia

30


Aggregated data Studies / Reports / Analysis Microdata: individual data Risk Assessment Microdata and aggregated data



EXAMPLES OF P&S


‐Individual data for the following purposes: ERICA databases, statistics, research, sample design input;‐ Online consultation of individual accounts;‐ Data Warehouse (available for the entire institution).

AGGREGATED DATA

‐ Contribution for statistics: Non Financial Corporations, BACH, aggregated data for other divisions, Financial accounts, Financial Soundness Indicators);‐ Summary Table to the Board of Directors;‐ Sectoral Aggregates.

MICRODATA AND AGGREGATED DATA

‐ Enterprise and Sector Table delivered to individual enterprises;

‐ Studies for individual enterprises.


‐ Statistical Bulletin;‐ Studies on Non Financial Corporations (example, SME delay on payments);‐ Research papers.

RISK ASSESSMENT‐ Rating;

‐ Scoring

31


Scoring.

ANALYSIS BY TYPE OF P&S

AGGREGATED DATA



RISK ASSESSMENTRISK ASSESSMENT

MICRODATA AND AGGREGATED DATA

32



G15| INTERNAL/ EXTERNAL P&S BY TYPEЖ

P&S related to Microdata

have lower percentage of

deliverability to external

audiences. 37%40%

25%

37%

24%48%

38%

59% 59%

44%38%

40%

20%

Aggregated data Studies / Reports / Analysis

Microdata: individual data

Risk Assessment Microdata and aggregated data

External Internal Internal & External

33




G16 | EXTERNAL P&S BY TYPE AND USER

50% f h P&S

Ж

50% of the P&S are

deliverables for external use

only. 33%

64%

50%

The General public is the most

important external user of

both ‘Studies/ Reports/

Analysis’ and ‘Aggregated90%

100%

64%

data’.

Companies are the only

recipients of P&S concerning

63%

36%

50%

recipients of P&S concerning

‘Microdata and aggregated

data’. The ECCBSO receives

most of the ‘Microdata:

i di id l d ’




individual data’ as a

consequence of ERICA 1 and

ERICA 2 databases.

General public Companies ECCBSO Government Specific entities Companies & Banks

34




G17| INTERNAL P&S BY TYPE AND USER

36% of the P&S are

Ж36% of the P&S are

deliverables for internal use

only.

The Statistics Departments in

33%24%

50% 17% 50%The Statistics Departments in

the NCBs are the main users

of both ‘Microdata and

aggregated data’. The

17%

Research & Economic

Departments are also very

interested in this type of

CBSOs P&S. Supervision

53%

13%

42%

67%

50%38%

Departments are basically

focused on P&S related to

‘Risk Assessment’. Finally, it

seems there is a significant




seems there is a significant

production of CBSOs ‘Studies/

Reports/ Analysis for the

Board of Directors of the

NCBs

Statistics Dept Supervision DepT Research & Economic Dept

Board of Directors Various Dept Financial Stability Dept

ECCBSO

35


NCBs.

April 2012

GENERAL ANALYSIS OF P&S

36



G18 | PURPOSE OF P&S

Al h lf f h P&S h

ЖLegal Obligation, 2%

Almost half of the P&S have a

purpose of Research or

Analysis (48%). The second

most common reason that

Research/ Analysis, 48%Statistics, 35%

g g ,

explain P&S is Statistics

(35%).

Note: A P&S can have more than one purpose

Risk Assessment, 15%

G19 | CBSO P&S RELATED TO STATISTICSBoP, 8%

Financial Accounts,

25%

Various, 6%

25%

Central Balance‐Sheet Databases (CBSD)

37


CBSD, 62%

April 2012



F2| CBSO CONTENTS INCLUDED IN THE P&S

25% of the CBSO P&S include accounting data, derived indicators and text simultaneously. It was not find any P&S that has both accounting data and text.

However, 33% of P&S have both accounting data and derived indicators.

ACCOUNTING DATAACCOUNTING DATA18%

DERIVEDDERIVED

33% 2%

2%

25%

TEXTTEXTDERIVED DERIVED INDICATORSINDICATORS

20% 0%

2%

38




FAST FACTS ABOUT EUROPEAN CBSOs P&S (I)

G20| NON‐CBSO CONTENTS INCLUDED IN THE P&S G21| FORMAT OF P&S DELIVERY

72% of the P&S does not have any other contents than the ones available in

h CBSO M th h lf f th i i 28% th t th t t th

ONLINE HARD COPY

each CBSO. More than half of the remaining 28% that uses other contents than

the ones available in CBSO uses, at least, either the information of the

Securities Database or the Central Credit Register. YES, 37%

YES, 11%

Almost half (46%) of the P&S that use non‐CBSO contents are explained by

‘Studies/ Reports/ Analysis’. The rest of the distribution is as follows:

‘Aggregated Data’ (20%), ‘Risk Assessment’ (17%), ‘Microdata and Aggregated

data’ (9%) and ‘Microdata: individual data’ (9%).

NO, 63%

NO, 89%

YES, 28%

READ‐ONLY FLEXIBLE

NO,

NO, 72%

NO, 54%

YES, 46%

,27%

YES, 73%

39




FAST FACTS ABOUT EUROPEAN CBSOs P&S (II)

G22| CONFIDENTIALITY OF P&S G23| TIMING OF P&S

46% of P&S are restricted, 41% are made public and the remaining 12% are

b h bli d i d ( h BACH ESD d b )

83% of P&S are made available on a regular basis; for 74% of them until 1

f h f i dboth public and restricted (e.g., the BACH‐ESD database).

89% of P&S related to ‘Risk Assessment’ are restricted. That percentage of

restricted P&S decreases in the other types: 75% in ‘Microdata and aggregated

year after the reference period.

data’, 64% in ‘Microdata: individual data’, 34% in ‘Studies/ Analysis/ Reports

‘and 30% in ‘Aggregated Data’.

Real time, 1%N+1Q to N+4Q;

74%Public & Restricted

Irregular, 16% Regular, 83%Public, 41%

Restricted, 12%

N+5Q to N+9Q, 9%

Restricted, 46%

40




INDEX








41


3.5 SUMMARY



FAST FACTS ABOUT FUTURE EUROPEAN CBSO P&S

G24| TOTAL NUMBER OF FUTURE NEW P&S BY TYPE

22 new P&S are already in CBSO plans for the near future. New P&S will be mostly associated with Studies/ Reports/ Analysis and Microdata: individual data. This

22 P&S ill b i h f i l (36%) l (36%) d b h i l d l (27%)22 new P&S will be either for internal use (36%), external use (36%) and both internal and external use (27%).

221 2

3

7

9

Total Risk Assessment Microdata and aggregated data

Aggregated data Microdata: individual data

Studies / Reports / Analysis

42




INDEX








43


3.5 SUMMARY


ECCBSOSUMMARY

G25 | SUMMARY OF EUROPEAN CBSOs P&S – PRESENT AND FUTURE

4550

Aggregated data

152025303540

Microdata and aggregated data

Studies / Reports / Analysis

0510

dataAnalysis

Microdata: individual dataRisk Assessment

44


*The scale corresponds to the number of P&S types available

Present & Future Present

ANALYSIS BY COUNTRY/ INSTITUTION

45


ECCBSOSUMMARY

G26 | AUSTRIA G27 | BELGIUM

4

Aggregated data ty

pes available

5

Aggregated data

00.51

1.52

2.53

3.54

Microdata and aggregated

data

Studies / Reports / Analysis Present & Future

Present he num

ber of P&S

012345


data


Present


Risk Assessment

Present

e correspo

nds to th


Risk Assessment

Present

G28 | CZECH REPUBLIC G29 | DENMARK

*The

scal

11.52

2.53

Aggregated data


Studies / Reports / 0 5

1

1.5

2

Aggregated data


Studies / Reports /

2 ‘A d0

0.5 data


Risk Assessment

Analysis Present & Future

Present0

0.5data


Risk Assessment


Present

3 ‘Aggregated data’


46


individual dataAssessment individual dataAssessment

April 2012


ECCBSOSUMMARY

G30 | ECCBSO G31 | FRANCE

3

Aggregated data

12

Aggregated data ty

pes available

00.51

1.52

2.53


data


Present02468

1012


data


Present he num

ber of P&S


Risk Assessment

Present


Risk Assessment

Present

e correspo

nds to th

G32 | GERMANY G33 | ITALY – BANK OF ITALY

*The

scal

2345

Aggregated data


Studies / Reports / 1

1.52

2.53

3.54

Aggregated data


Studies / Reports /

01 data


Risk Assessment


Present0

0.51

data


Risk Assessment


Present

47



April 2012


ECCBSOSUMMARY

G34 | ITALY – CERVED GROUP G35 | LUXEMBOURG

2

Aggregated data

3

Aggregated data ty

pes available

0

0.5

1

1.5

2


data


Present0

0.51

1.52

2.53


data


Present he num

ber of P&S


Risk Assessment

Present


Risk Assessment

Present

e correspo

nds to th

G36 | POLAND G37 | PORTUGAL

*The

scal

11.52

2.53

3.54

Aggregated data



68

1012

Aggregated data


Studies / Reports /

00.51

data


Risk Assessment


Present02 data


Risk Assessment


Present

48



April 2012


ECCBSOSUMMARY

G38 | ROMANIA G39 | SLOVAKIA

5

Aggregated data

2

Aggregated data ty

pes available

012345


data


Present0

0.5

1

1.5

2


data


Present he num

ber of P&S


Risk Assessment

Present


Risk Assessment

Present

1 ‘Aggregated data’ and 1

‘Risk Assessment’ e

correspo

nds to th

G40| SLOVENIA G41 | SPAIN

Assessment

*The

scal

0 5

1

1.5

2

Aggregated data



68

10

Aggregated data


Studies / Reports /

0

0.5data


Risk Assessment


Present02 data


Risk Assessment


Present


49



April 2012


ECCBSOp

50

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