MANDATE of the Working Party on Financial Statistics

1
MANDATE of the Working Party on Financial
Statistics

• Working Party on Financial Statistics
• 2 - 4 November 2009 Item 9.
• by Michèle Chavoix-Mannato (STD)

2
MANDATE of the Working Party on Financial
Statistics

• Objectives of the presentation
• To update the information within the current
  Mandate regarding the main activities of the WPFS
• To invite Delegates of the Group to approve a
  revised WPFS Mandate

3
MANDATE of the Working Party on Financial
Statistics

• Introduction
• The OECD Directory of Bodies
• Presents the bodies established by the Council
• Provides for each body/group listed information
  on
• Chairs/Vice-Chairs
• Members
• Observers
• Date of creation
• The Mandate and its duration

4
MANDATE of the Working Party on Financial
Statistics

• Current WPFS Mandate
• The current Mandate is based on the Minutes of
  the 135th session of the Council
  C/M(67)4(Final), Item36
• Extract of the document C/M(67)4(Final),
  Item36
• The Council agreed that a group of statisticians
  be convened to examine how financial statistics
  in the field of the activities of the Committee
  for Invisible Transactions could be improved
• The Mandate does not include the various
  activities that the WPFS is requested to
  undertake
• As OECD Directory of Bodies is revised every
  year, there is an opportunity to propose changes
  of the WPFS Mandate

5
MANDATE of the Working Party on Financial
Statistics

• Proposal for a revised WPFS Mandate
• The WPFS contributes to the OECD aim of deepening
  the knowledge of Member countries financial
  systems
• High Priorities of the WPFS
• Improving the timeliness, the quality and the
  international comparability of OECD financial
  statistics
• Adapting it to the evolving requirements of the
  Committee on Financial Markets (CMF)

6
MANDATE of the Working Party on Financial
Statistics

• Proposal for a revised WPFS Mandate (foll.)
• Main tasks of the WPFS
• Collect/disseminate comprehensive statistics by
  establishing the methodology relevant
  questionnaires
• Harmonise national statistics across countries
• Act as a forum to exchange information and
  experience
• The WPFS will seek a maximum of concordance with
  the statistical works of the WPNA
• The WPFS will undertake activities relating to
  accession countries and enhanced engagement
  countries

7
MANDATE of the Working Party on Financial
Statistics

• Conclusions
• The WPFS delegates are invited
• To discuss the draft mandate
• To amend the proposal, if necessary
• To instruct the Secretariat to transmit this new
  mandate to the competent authorities of the OECD