Adjustment between financial and non financial accounts 2A .

Financial accounts

Financial accounts euro area financial statistics and national financial accounts .

Financial accounts The ECB requires quarterly financial and non financial accounts for the euro area .

Financial accounts by institutional sectors

Source RTP's financial accounts.

Non financial accounts by institutional sectors

Non financial accounts by institutional sectors

The system includes the main macro economic aggregates and the financial and non financial accounts by institutional sector . The aim is to achieve consistency across all these

financial accounts ( including government finance statistics )

and AF financial balance sheet items .

This concerns quarterly financial and non financial accounts for general government , quarterly government debt and quarterly sector accounts .

information on both financial and non financial public sector accounts is essential .

FINANCIAL PROVISIONS OF THE ESCB Article 26 Financial accounts

11.2 SOURCES FOR QUARTERLY MONETARY UNION FINANCIAL ACCOUNTS

Transmission of quarterly non financial accounts by institutional sector

The system includes the main macroeconomic aggregates and the financial and non financial accounts by institutional sector.

The new text , based on the FATF Recommendations , states clearly that credit and financial institutions must not maintain anonymous accounts .

NCBs MBS Area and Eurostat Monetary Union Financial Accounts (marked with )

We urge the Court of Auditors to maintain this policy.

FINANCIAL PROVISIONS OF THE ESCB Article 26 Financial accounts 26.1 .

on the compilation of quarterly non financial accounts by institutional sector

Nonetheless, there appear to be financial difficulties over keeping it in the field.

A full integration of the real and financial variables also of other sectors , however , would require more complete financial and non financial accounts by sector .

Quarterly national data of financial accounts ( transactions and balance sheets ) for the government sector make up a large proportion of all financial transactions and financial balance sheets in the euro area and provide important information to support the conduct of monetary policy .

They have decided to stick to the original plan after all.

Article 2 Transmission of quarterly non financial accounts by institutional sector 1 .

FINANCIAL PROVISIONS OF THE ESCB Article 26 Financial accounts 26.1 .

EFFECTIVE IMPLEMENTATION

rules to prevent any Financial Institutions, persons or intermediaries from adopting practices intended to circumvent the reporting and due diligence procedures

The term standardised industry coding system means a coding system used to classify establishments by business type for purposes other than tax purposes.

The term Documentary Evidence includes any of the following

For this purpose, control includes direct or indirect ownership of more than 50 of the vote and value in an Entity.

administrative procedures to verify Reporting Financial Institutions' compliance with the reporting and due diligence procedures administrative procedures to follow up with a Reporting Financial Institution when undocumented accounts are reported

Although national financial accounts cannot yet be consolidated at the euro area level , they will be very useful for the construction of euro area financial accounts .

Further improvements have been made in financial accounts statistics by ensuring consistency between capital and financial

with respect to an Entity, any official documentation issued by an authorised government body (for example, a government or agency thereof, or a municipality) that includes the name of the Entity and either the address of its principal office in the jurisdiction (being a Member State, Switzerland or other jurisdiction) in which it claims to be a resident or the jurisdiction (being a Member State, Switzerland or other jurisdiction) in which the Entity was incorporated or organised.

Each Member State and Switzerland must have rules and administrative procedures in place to ensure effective implementation of, and compliance with, the reporting and due diligence procedures set out above including

Type of account (i.e. balance sheets, financial transactions and other flows)

Various ECB statistics have now been integrated into the fully fledged quarterly financial and non financial accounts for the euro area .

It was discussed by the working parties on Short Term Public Finance Statistics , on National Accounts and on Financial Accounts .

For Slovenia , work has to be done to reconcile its non f inancial accounts with the recently published integrated system of f inancial accounts for the period 2001 to 2004 .

As part of the abovementioned strategy to compile an integrated set of quarterly euro area financial and nonfinancial accounts by institutional sector , the Governing Council amended the ECB Guideline on quarterly financial accounts .

The financial accounts present financial transactions as well as financial balance sheets for all economic sectors in the euro area .

FINANCIAL AND NON FINANCIAL ACCOUNTS Main financial assets and liabilities of the non financial sectors quarterly data from the fourth quarter of 1997 .