Joint National Bank of the Republic of Macedonia and European Central Bank Seminar on Statistics

2-5 October 2013, Skopje

"Joint National Bank of the Republic of Macedonia and European Central Bank Seminar on Statistics"

Venue: National Bank of the Republic of Macedonia

Agenda

Wednesday, 2 October  (12:15 – 17:00) 

12:15-12:30  Registration

13:50-14:10 Registration (cont’d)

14:15-14:30  Welcome and introductory remarks (Ms. Anita Angelovska Bezoska, Vicegovernor of the National Bank of the Republic of Macedonia) 

Session 1. An overall approach on the euro area history and achievements in the field of statistics. The aim of this session is to explain the background to the extensive body of statistics now available in the euro area as a whole and in participating countries, the main policy needs for data, the features and peculiarities of euro area statistics, and the legal, technical and organisational infrastructure (including the cooperative relationships between the ECB DG-Statistics and Eurostat, and between the ECB and European Union national central banks). There will be time for questions and discussion. 

14:30-15:45  Euro Area Statistics; Jean-Marc Israel, Head of Division, Monetary and Financial Statistics, ECB (presentation PPT)

15:45 Coffee break

16:00-17:00 Euro Area Statistics (cont’d); Jean-Marc Israel, Head of Division, Monetary and Financial Statistics, ECB 

Thursday, 3 October (09:00 – 17:00) 

Session 2. Monetary and financial statistics. The aim of this session is to present the ECB achievements and requirements in the field of monetary and financial statistics, including the work done to update the different ECB regulations to abide with ESA 2010 and other new user requirements, followed by countries’ presentations on what has been achieved so far, what are the prospects and the main issues encountered.

9:00-10:00 Selected issues related to Monetary and Financial Statistics, Jean-Marc Israel, Head of Division, Monetary and Financial Statistics, ECB (presentation A PPT / presentation B PPT)

10:00 Coffee break 

10:20-10:40 MFI balance sheet statistics, with brief overview on the compilation of flow statistics - Experience of a national central bank; Daniela Dobreva, Bulgarian National Bank (presentation PPT)

10:40-11:00 MFI interest rate statistics - Experience of a national central bank; Jelena Maravic, National Bank of Serbia (presentation PDF)

11:00-11:20 Statistics on insurance corporations, pension funds, investment funds and other financial intermediaries; Aycan Sultan Ozek, Central Bank of Turkey (presentation PPT)

11:20-11:45  Discussion on developments and prospects for Monetary and Financial Statistics in EU and neighboring countries

Session 3. External statistics. The aim of this session is to briefly present the main changes introduced by the BPM6 compared to the BPM5. The ECB presentations will be followed by countries’ presentations on what has been achieved in the area of external statistics. 

14:00-15:00 Selected issues related to External Statistics; Gabriel Quiros, ECB (presentation PPT)

15:00-15:20 Transition from ITRS to Direct reporting; Alexandros Milionis, Bank of Greece (presentation PPT)

15:20-15:40 Transition from ITRS to Direct reporting; Liliana Bancheva, Bulgarian National Bank (presentation PPT)

15:40 Coffee break 

16:00-16:20 FDI, new presentation of data (asset/liability principle, directional principle); Mira Radunovic, Central Bank of Montenegro (presentation PPT)

16:20-16:40 International transactions in remittances; Majela Collaku, Bank of Albania (presentation PPT)

16:40-17:00  Discussion on the new challenges the BoP compilers are facing towards implementing the new requirements of international organizations  

Friday,4 October (09:30 – 16:00) 

Session 4. Securities (issues and holdings) statistics and the Centralised Securities Database; potential for re-use of Central Credit Registers and similar loan-level databases. Advantages of the implementation of security-by-security collection system (stocks and flows) and granular credit data for the production of various statistics related to credit institutions (on own portfolio and as custodians), balance of payments/international investment position statistics, investment funds, insurance companies, etc. Aspects related to reporting burden and flexibility to meet user needs. 

9:30-10:10    Security-by-security statistics, and Loan-level databases, an overview of the work of the ESCB and prospects; Jean-Marc Israel, Head of Division, Monetary and Financial Statistics, ECB (presentation PPT)

10:10-10:30  Loan-by-Loan Collection System at the National Bank of the Republic of Macedonia; Maja Andreevska, National Bank of the Republic of Macedonia (presentation PPT)

10:30-10:50 Monetary Data Collection System at Croatian National Bank; Igor Jemric, Director of Statistics, Croatian National Bank (presentation PPT)

10:50  Coffee break 

11:10-11:30 Data warehousing and IT infrastructure as the main support of developing statistics; Camelia Neagu, National Bank of Romania (presentation PPT)

11:30-11:50  Discussion on the use of granular data  

Session 5. Euro area (and national) accounts. The aim of this session is to explain the quarterly integrated institutional sector accounts for the euro area produced jointly by the ECB and Eurostat, based on euro area “building blocks” (the monetary, other financial and external statistics already discussed) and national economic and financial accounts (showing, for each institutional sector, details of economic and financial transactions and financial balance sheets).  

11:50-12:30 ESCB statistics and its main challenges ahead; Aurel Schubert, Director General Statistics, ECB (presentation PPT)

12:30 - 13:00 Euro Area (and National) Accounts; Gabriel Quiros, Head of Division, Macroeconomic Statistics, ECB (presentation PPT)

13:00-13:15  Discussion on national (financial and non-financial) accounts 

Session 6. Impact of the financial crisis on the role of central banks - statistical aspects. The aim of this session is to assess the impact of the financial crisis on existing statistics and to explore the extent to which an enhanced role of central banks in financial stability, micro and macro-prudential surveillance affects statistics (institutional setting, deliverables and data processing). 

14:30-14:45 Communication of Statistics; Maja Andreevska, National Bank of the Republic of Macedonia (presentation PDF)

14:45-15:00 Communication of Statistics; Jean-Marc Israel, Head of Division, Monetary and Financial Statistics, ECB (presentation PPT)

15:00-15:20 Measuring the Real Effective Exchange Rate - an experience of a national bank; Serdar Erkılıç, Central Bank of Turkey (presentation PPT)

15:20-15:40 Financial Accounts in NCB; Noc Matjaz, Bank of Slovenia (presentation PPT)

Conclusions
Representative of the ECB and high representative of the National Bank of the Republic of Macedonia 

End of the seminar: 16:00