INTERNATIONAL MONETARY FUND

Financial Soundness Indicators: Experience with the Coordinated Compilation Exercise and Next Steps: Background Paper

Prepared by the Statistics Department

(In consultation with the Monetary and Capital Markets Department and other Departments)

Approved by Robert W. Edwards

October 18, 2007

Contents Page List of Abbreviations .................................................................................................................4

I. Introduction ............................................................................................................................5 II. Modalities of the CCE...........................................................................................................5

III. Experience with the CCE.....................................................................................................9

IV. Methodological Issues in Compiling FSIs.........................................................................16 A. Consolidation Basis.................................................................................................17 B. Inter-Group Consolidation Adjustments .................................................................21 C. Relation of the Guide with BCBS Guidance...........................................................24 D. Relation of the Guide with IFRS.............................................................................25 E. Contents of FSI List.................................................................................................26 F. Definitions of Specific FSIs.....................................................................................27 G. Conclusion ..............................................................................................................30

Figure 1. Rationale for Countries in Choosing Consolidation Bases for Reporting FSIs in the CCE ...........................................................................................................20 Boxes 1. CCE Participating Countries..........................................................................................6 2. Timetable of Key Actions in the CCE ...........................................................................7 3. Members of the CCE/FSI Reference Group ..................................................................8 4. Consolidation Bases.....................................................................................................11 5. Consolidation Adjustments..........................................................................................13 6. Main Differences between the Guide and IFRS ..........................................................14 7. Implications for FSIs from Varying the Consolidation Basis......................................18 8. Quantitative Effect of Inter-Group Consolidation Adjustments on FSIs.....................23

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9. Key Differences between Basel I and Basel II ............................................................25 Tables 1. FSIs Compiled by Countries in the CCE .....................................................................31 2a. Core FSIs for Countries Using the DCCB Consolidation Basis..................................32 2b. Core FSIs for Countries Using the DC Consolidation Basis .......................................33 2c. Core FSIs for Countries Using the DCCBS Consolidation Basis................................37 2d. Core FSIs for Countries Using the CBCSDI Consolidation Basis ..............................40 2e. Core FSIs for Countries Using the Other Consolidation Bases...................................42 3a. FSI Core Data for Countries Using the DCCB Consolidation Basis with Full Adoption of IFRS .........................................................................................44 3b. Core FSIs for Countries Using the DC Consolidation Basis with Full Adoption of IFRS.........................................................................................................45 3c. FSI Core Data for Countries Using the DCCBS Consolidation Basis with Full Adoption of IFRS .................................................................................................47 3d. Core FSIs for Countries Using the CBCSDI Consolidation Basis with Full Adoption of IFRS.........................................................................................................48 4a. Core FSIs for Countries Using the DCCB Consolidation Basis with Full Adoption of IFRS and Full Intra-Group Consolidation...............................................50 4b. Core FSIs for Countries Using the DC Consolidation Basis with Full Adoption of IFRS and Full Intra-Group Consolidation...............................................51 4c. Core FSIs for Countries Using the DCCBS Consolidation Basis with Full Adoption of IFRS and Full Intra-Group Consolidation...............................................52 4d. Core FSIs for Countries Using the CBCSDI Consolidation Basis with Full Adoption of IFRS and Full Intra-Group Consolidation .......................................53 5a. Data Sources by Indicator............................................................................................55 5b. Data Sources by Indicator: Core FSIs for Deposit Takers...........................................56 5c. Data Sources by Indicator: Encouraged FSIs for Deposit Takers ...............................57 5d. Data Sources by Indicator: Encouraged FSIs for Other Financial Corporations.........58 5e. Data Sources by Indicator: Encouraged FSIs for Non-Financial Corporations...........58 6a. Consolidation Basis by Indicator .................................................................................59 6b. Consolidation Basis by Indicator: Core FSIs for Deposit Takers................................60 6c. Consolidation Basis by Indicator: Encouraged FSIs for Deposit Takers ....................61 6d. Consolidation Basis by Indicator: Encouraged FSIs for Other Financial Corporations.................................................................................................................62 6e. Consolidation Basis by Indicator: Encouraged FSIs for Non-Financial Corporations.................................................................................................................62 7. FSIs for Deposit Takers: Consolidation Bases Used by Countries in the CCE...........63 8a. FSIs for Deposit Takers: Consolidation Adjustments Carried Out by Countries in the CCE....................................................................................................................64 8b. FSIs for Deposit Takers: Consolidation Adjustments by Indicators (Core FSIs)...................................................................................................................65 8c. FSIs for Deposit Takers: Consolidation Adjustments by Indicators (Encouraged FSIs) .......................................................................................................66 8d. FSIs for Deposit Takers: Inter-Group Consolidation Adjustments by Indicators (Core FSIs)..................................................................................................67

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8e. FSIs for Deposit Takers: Inter-Group Consolidation Adjustments by Indicators (Encouraged FSIs) .......................................................................................................68 9a. FSIs for Deposit Takers: Inter-Group Consolidation Adjustments in the Financial Statements ...................................................................................................69 9b. FSIs for Deposit Takers: Inter-Group Consolidation Adjustments in the Financial Statements (by Country) ..............................................................................70 10. Accounting Standards Adopted by the CCE Participating Countries..........................71 11a. FSIs for Deposit Takers: General Methodological Practices.......................................72 11b. FSIs for Other Financial Corporations—General Methodological Practices ..............72 11c. FSIs for Nonfinancial Corporations: General Methodological Practices ....................73 11d. FSIs for Households—General Methodological Practices ..........................................73 12. Supervisory Standards Used by the CCE Countries to Compile FSIs I1 and I2...............................................................................................................74 13. Survey of the CCE Participating Country Views: Selected Questions........................75 14. Combinations of Consolidation Bases Suggested by Countries in Survey..................80

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LIST OF ABBREVIATIONS

BCBS Basel Committee on Banking Supervision CBCSDI Cross-Border, Cross-Sector Consolidation Basis for All Domestically

Incorporated Entities CBDI Cross-Border Consolidation Basis for All Domestically Incorporated Entities CCE Coordinated Compilation Exercise DC Domestic Consolidation Basis DCCB Domestically controlled, Cross-Border Basis DCCBS Domestically controlled, Cross-Border and Cross-Sector Basis DRF Data Report Form DT Deposit Taker FSI Financial Soundness Indicator IAS International Accounting Standards IASB International Accounting Standards Board IFRS International Financial Reporting Standards MCM Monetary and Capital Markets Department, IMF MQ Metadata Questionnaire MT Metadata Template NFC Nonfinancial Corporation OFC Other Financial Corporation SNA System of National Accounts STA Statistics Department, IMF TGS Technology and General Services Department, IMF TOR Terms of Reference

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I. INTRODUCTION1 2

1. This is the companion background paper to the staff report on Financial Soundness Indicators (FSIs): Experience with the Coordinated Compilation Exercise and Next Steps. It provides detailed information on the modalities of the Coordinated Compilation Exercise (CCE), the experience with the CCE, the issues that arose in that exercise regarding the compilation methodology in the Financial Soundness Indicators: Compilation Guide (Guide), and the matters that were taken into account in considering the specific amendments to the Guide, presented in the staff report.

II. Modalities of the CCE

2. Countries participating in the CCE (Box 1) were required to compile the 12 core FSIs as of end-2005 and provide them to the Fund along with underlying data series and related metadata. CCE countries were also encouraged to compile some or all of the 28 encouraged FSIs and provide them along with their metadata.3 The terms of reference (ToR) of the CCE included a timetable of key actions for the Fund and for the countries participating in the CCE (Box 2). It was agreed that all FSI data and metadata provided to the Fund would be disseminated to the public through the Fund’s website.

3. To ensure full collaboration with other international and regional institutions in the area of FSI work, the Statistics Department (STA) created a CCE/FSI Reference Group. The Reference Group is composed of 17 international and regional agencies (Box 3). In the course of the CCE, three meetings were held with representatives of the Reference Group, who also joined the plenary meetings of CCE countries in 2004 and 2007. The Reference Group meetings provided a forum for the exchange of information on the work of various institutions in the area of FSIs and in related data areas. The meetings provided opportunities for Fund staff to present to the Reference Group issues about the conduct of the CCE, the methodology for compiling FSIs, and the way forward with FSIs, and to receive feedback on these matters. Finally, the meetings of the Reference Group provided opportunities to identify areas where harmonization of data compilation and reporting methodologies is needed to minimize duplication of effort on the part of countries and institutions.

1 This paper was prepared by a team led by Andreas Georgiou and comprising Xiuzhen Zhao, Agus Firmansyah, and Phousnith Khay under the guidance of Alfredo Leone and Armida San Jose (all STA), in close collaboration with a team led by Marina Moretti and comprising Philip Bartholomew, Nicolas Blancher, Olivier Frecaut, and Michael Moore under the guidance of Christopher Towe (all MCM).

2 “Country” in this paper also covers nonsovereign entities, for which statistical data are provided internationally on a separate basis.

3 See Table 1.

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Box 1. CCE Participating Countries

1 Armenia 32 Jordan 2 Australia 33 Kazakhstan 3 4 5 6 7

Austria Belgium Brazil Bulgaria Canada

34 35 36 37 38

Korea Latvia Lebanon Lithuania

Luxembourg 8 Chile 39 Malaysia 9 China, P.R.: Mainland 40 Malta 10 China, P.R.: Hong Kong SAR 41 Mexico 11 Colombia 42 Netherlands 12 Costa Rica 43 Norway 13 Croatia 44 Philippines 14 Cyprus 45 Poland 15 Czech Republic 46 Portugal 16 Denmark 47 Romania 17 El Salvador 48 Russia 18 Estonia 49 Singapore 19 Finland 50 Slovak Republic 20 France 51 Slovenia 21 Germany 52 South Africa 22 Ghana 53 Spain 23 Greece 54 Sweden 24 Hungary 55 Switzerland 25 Iceland 56 Tunisia 26 India 57 Turkey 27 Indonesia 58 Ukraine 28 Ireland 59 United Kingdom 29 Israel 60 United States 30 Italy 61 Uruguay 31 Japan 62 Venezuela

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Box 2. Timetable of Key Actions in the CCE

Key Action Date Achieved Goal Plenary meeting for CCE countries

November 2004

Finalization of TOR and work program of the CCE

Finalization of data and metadata report forms

February 2005

Finalized forms in consultation with CCE countries

Submissions of data and metadata First draft metadata

End-March 2005

First review of FSI metadata

Second draft metadata

End-October 2005

Second review of FSI metadata

Third draft metadata

End-March 2006

Third review of FSI metadata

Final data and metadata

End-July 2006

Collection of final FSI data and metadata

Two rounds of (cross-) regional meetings Joint Vienna Institute

May 2005, May 2006

Provision of technical assistance

European Central Bank

May 2005, May 2006

Provision of technical assistance

Singapore Regional Training Center

June 2005, May 2006

Provision of technical assistance

Brazil Training Center

July 2005, July 2006

Provision of technical assistance

Dissemination of FSI data and metadata

January 2007 February 2007 May 2007

Enhanced transparency of data and metadata

Three rounds of Reference Group meetings

November 2004 December 2005 May 2007

Exchange of information/views with international organizations on FSI/CCE work and issues

Post-exercise meeting for CCE countries May 2007

Assessment of experience and discussion of proposals for further work on FSIs

Survey of country views on the CCE/FSIs

End-June 2007

Collection of views from all CCE countries on the CCE experience and on further work on FSIs

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Box 3. Members of the CCE/FSI Reference Group 1. African Development Bank (AfDB) 2. Arab Monetary Fund (AMF) 3. Asian Development Bank (ADB) 4. Association of Supervisors of Banks of the Americas (ASBA) 5. Central Bank of West African States (BCEAO) 6. Center for Latin American Monetary Studies (CEMLA) 7. Committee of European Banking Supervisors (CEBS) 8. Bank of Central African States (BEAC) 9. Bank for International Settlements (BIS) 10. European Central Bank (ECB) 11. Eastern Caribbean Central Bank (ECCB) 12. Inter-American Development Bank (IADB) 13. Islamic Banking Supervision Association 14. Islamic Financial Services Board (IFSB)15. Organization for Economic Co-operation and Development (OECD) 16. World Bank (WB) 17. International Accounting Standards Board (IASB)

4. To facilitate the implementation of the CCE work program, STA provided technical assistance to countries in the compilation methodology recommended in the Guide. This assistance took the form of (i) provision of technical advice from headquarters, in particular during the staff review of three submissions of countries’ draft metadata, and the submission of countries’ final data and metadata; (ii) two rounds of (cross-) regional meetings to discuss issues in the implementation of the CCE, address cross-cutting issues in the compilation of FSIs and the preparation of metadata, and review with countries their draft FSI metadata and preliminary FSI data; (iii) bilateral consultations with countries that visited STA for additional technical assistance in their work in the CCE;4 and (iv) a mission for technical assistance and training.5 5. To ensure uniform and consistent collection and reporting of data and metadata, STA in consultation with CCE countries and the Monetary and Capital Markets Department (MCM) developed standard data and metadata report forms. These forms included a data report form (DRF), a metadata template (MT), and a metadata questionnaire (MQ). The DRF facilitated the presentation of FSI ratios compiled and the underlying data series used in their compilation, the review of the reported FSI ratios, and the processing and tabulation of the FSIs for meeting various data needs. The MT and MQ aimed at organizing the information

4 STA received visits of officials from Indonesia and China in 2006.

5 A training course for Chinese officials on the framework of the Guide and specific issues in the compilation of FSIs for the CCE was conducted by STA staff in Dalian, China in November 2005.

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on the national practices that govern the compilation of FSIs. The MT was used to describe succinctly the deviations of the country practice from the Guide. The MQ provided a fuller and more comprehensive description of national practices and deviations from the Guide. 6. STA with the assistance of the Technology and General Services Department (TGS) created a set of web pages on the Fund’s external website to disseminate the information collected in the CCE. They include a CCE home page, a FSI data page, and a FSI metadata page.6 The CCE home page provides information on the FSIs and the CCE. The FSI data page provides access to the FSI data and underlying data reported by countries. Information can be accessed by country participating in the CCE. Links take the user to the specific metadata of a given FSI or underlying series. The FSI metadata page provides access to the metadata submitted by countries—the MT and the MQ. Information on metadata can be searched by country, by questions, and by text search within the MQ for one or more countries, as well as by type of information within the MT for one or more countries. Moreover, links take the user from metadata to the data, from the MT to the MQ, and from both the MQ and the MT to the relevant passages in the Guide. These facilities are provided to assist data users to obtain and compare information across countries effectively, and facilitate the retrieval of metadata and their comparison with the recommendations of the Guide. 7. STA with TGS also made available FSI data and metadata to Fund internal users through the Economic Data Sharing System (EDSS). Apart from the provision of the standardized FSI tables for each country, internal Fund users were given the facility to sort the FSI data, as well as the underlying data, by nine analytically significant dimensions (e.g., consolidation basis, presence of consolidation adjustments, use of accrual accounting, etc.), thus promoting the identification of truly comparable data.

III. EXPERIENCE WITH THE CCE

8. Following the CCE work program, 57 out of the 62 CCE participating countries have submitted their final FSI data and metadata so far. FSI data for individual countries are included in Tables 2, 3, and 4, arranged in various potential peer groups.7

9. FSIs for deposit takers (DTs) were the most commonly compiled indicators, reflecting a number of factors. All countries compiled the core set of FSIs (Table 1), which all pertain to the sector of DTs, as compilation of the core set was required under the terms of reference of the CCE.8 The DTs sector was also the sector for which encouraged FSIs were most 6 They can be found at http://www.imf.org/external/np/sta/fsi/eng/cce/index.htm. 7 On peer groups see paragraph 18.

8 However, not all indicators in the core set were reported by all countries. For a few countries it was not possible to submit data for one or more of the core FSIs (Table 1).

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commonly compiled by countries (84 percent), confirming the view of the Guide that this sector remains central to financial soundness analysis, and is favored by a greater availability of data. FSIs for the other financial corporations (OFCs) sector were the second most compiled FSIs, followed by the household sector and the sector of nonfinancial corporations (NFCs). The relatively small number of countries (35 percent) compiling FSIs for NFCs reflected to a large extent the difficulties experienced by many countries in collecting aggregate data for the NFC sector. 10. Regarding the source of data, supervisory sources dominated the compilation of FSIs for DTs with well over 80 percent of FSIs compiled using such data (Table 5.a). This reflected the fact that FSIs are seen (and used) by countries by-and-large as an extension of microprudential ratios compiled for individual deposit takers (groups) for supervisory purposes. For other sectors, the data sources are more diverse, confirming a lower degree of data development for these sectors. The number of submissions for any given FSI may exceed the number of countries reporting FSIs in the CCE (Table 1) because some countries saw the need for different coverages for certain indicators. 11. A wide range of methodologies were used in compiling FSIs for the CCE. This was due to (i) diversity of supervisory and accounting practices across CCE participating countries; (ii) data availability in the participating countries; (iii) costs involved in collecting additional data to fully implement the recommendations of the Guide; and (iv) diversity of country views on the appropriate methodology of FSI compilation. The main areas of methodological differences from the Guide are on the consolidation basis, inter-group consolidation adjustments, and on a few accounting practices under the International Financial Reporting Standards (IFRS). 12. There was wide diversity of consolidation bases in data reported for deposit takers in the CCE. Domestically controlled, cross-border (DCCB) consolidation basis is the approach recommended by the Guide for compiling FSIs for DTs (Box 4). However, as shown in Table 6.a, DCCB was not the consolidation basis most commonly used to compile the core set of FSIs for DTs—only 9 percent of the reported core FSIs were compiled on this basis. More commonly used than the DCCB were the domestic consolidation (DC) basis (39 percent), the domestically controlled, cross-border and cross-sector (DCCBS) basis (26 percent), the cross-border, cross-sector basis for all domestically incorporated DTs (CBCSDI) (15 percent), and other bases (11 percent). A similar result emerges from an inspection of the consolidation bases used, arranged by country (Table 7). The additional element that emerges from this view is that there is a diversity of consolidation bases used not only across countries but also within countries. More than a third of the countries in the CCE used a mix of consolidation bases to compile the core set of FSIs, while 19 percent of countries compiled more than one set of core FSIs using different consolidation bases.

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Box 4. Consolidation Bases

Consolidation basis refers to institutional coverage, i.e., the totality of entities that are defined to constitute a population of institutions (a sector) for which FSIs are to be compiled. There are different consolidation bases, and thus different populations that can be defined. The data of the institutions that belong to the defined population are the basis on which aggregation and any consolidation adjustments can be applied to produce the population-level (sector-level) data from which FSIs are compiled. It should be noted that the term consolidation basis does not imply that certain consolidation adjustments have necessarily been applied to the aggregated data. The consolidation bases used by countries in the CCE are the following: Domestically controlled, cross-border (DCCB) consolidation basis includes the data of domestically controlled and incorporated entities with their branches (domestic and foreign) and all their subsidiaries (domestic and foreign) that are classified in the same sector. Domestic consolidation (DC) basis includes the data of resident entities along with those of their branches and subsidiaries (if any) in the same sector that are resident in the domestic economy. Domestically controlled, cross-border and cross-sector (DCCBS) consolidation basis is similar to DCCB, but has a broader coverage in that the data also include those of subsidiaries in other sectors (such as securities dealers and investment funds). Cross-border consolidation basis for all domestically incorporated entities (CBDI) covers both domestically controlled entities and the local subsidiaries of foreign entities in the sector, along with their branches and subsidiaries in the same sector, which can be either domestic or foreign residents. Cross-border and cross-sector consolidation basis for all domestically incorporated entities (CBCSDI) has a broader coverage than CBDI as the data also include those of subsidiaries of the reporting groups in other sectors. Other consolidation basis refers to institutional coverages other than those mentioned above.

13. Intra-group consolidation adjustments were the norm in the CCE data. The Guide recommends that both intra-group and inter-group consolidation adjustments are carried out in compiling FSIs (see Box 5 for a brief description of consolidations adjustments). Regarding intra-group consolidation adjustments, there was wide ranging consistency with the Guide, as intra-group consolidation adjustments were fully carried out in 71 percent of core FSIs reported, and were partially carried out in 17 percent of core FSIs (Table 8.b). The reason is that these data are by-and-large from supervisory sources, which usually require that such adjustments be carried out in the data by reporting entities (groups).

14. Inter-group consolidation adjustments were carried out to a much smaller extent and most often in a partial manner. About 34 percent of the submitted core FSIs were compiled using full (10 percent) or partial inter-group adjustments, while 42 percent were

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compiled without any inter-group adjustments; inter-group adjustments were not applicable to 24 percent of the reported core FSIs (Table 8.b). The incidence of inter-group consolidation adjustments was significantly increased by the fact that they were de facto carried out (in part or in full) on account of supervisory deductions from the FSI-underlying data series for total regulatory capital, Tier 1 capital, and risk-weighted assets. However, this often also led to differential application, across different FSIs of a given country, of the adjustments related to equity positions in the population. If one were to abstract from the effect of the supervisory-based series, any given inter-group adjustment of balance sheet data would be found to have taken place in 23–25 percent of countries, and for income and expense statement data in 9–14 percent of countries (Table 9.a). Partial inter-group adjustments for a given FSI were common: countries often either carried out fully only a subset of the recommended adjustments (Table 9.b) and/or they applied thresholds which would not permit the adjustment of positions (flows) with some members of the population.9 In the event, only three countries made in full all recommended inter-group adjustments to balance sheet and income and expense statement data used in their reported FSIs.

9 For example, a country may have data where fees and commissions among deposit takers are eliminated from sector-level data, but the remaining six inter-group consolidation adjustments recommended for income and expense data are not carried out. Another case is when the country carries out the recommended elimination of the market value of the shares and other equity investments in other groups in the reporting population, as long as this value is above a certain threshold, specified usually in national supervisory regulations as a percent of capital.

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Box 5. Consolidation Adjustments

Intra-group consolidation adjustments involve consolidation of all flows and positions among units within each group in the population. A group may consist of more than one institutional unit and in the Guide it is defined to include a parent, its subsidiaries, and its branches. It should be noted that if a cross-border consolidation basis is adopted (such as DCCB, DCCBS, or CBCSDI), these institutional units may be domestically based or foreign based. Moreover, if a cross-sector consolidation basis is adopted (such as DCCBS or CBCSDI), these institutional units may belong to the same or different economic sectors. Therefore, the composition of groups would vary if the consolidation basis changes, and thus the intra-group consolidation adjustments that are applicable would vary in magnitude.

Inter-group consolidation adjustments involve the elimination of some (but not all) flows and positions among groups. This amounts to the elimination of positions and flows between a parent and its associates (i.e., institutions on which the parent has some control, and which are not subsidiaries) as well as between one group and other (less-related or unrelated) entities in the population. However, inter-group interest flows are not eliminated. Moreover, inter-group positions exempted from consolidation are positions among groups in debt and financial derivatives. This is recommended in order to enhance monitoring of risk exposures and the potential for contagion.

For the income and expense statement, there are seven inter-group adjustments, which relate to the elimination of (1) provisions for accrued interest on inter-group loans, (2) inter-group fees and commissions, (3) inter-group dividends receivable and payable, (4) an investing group’s pro-rated share of the earnings of an associate from the same reporting population, (5) other inter-group income, (6) gains and losses on ownership of shares and equity of other groups in the reporting population, and (7) specific provisions on loans to other groups in the reporting population.

For the balance sheet, there are three inter-group adjustments, which relate to the elimination of (1) the investing group’s pro-rated share of capital and reserves of an associate in the reporting population, (2) the market value of the shares and other equity investments in other groups in the reporting population, and (3) specific provisions on loans to other groups in the reporting population.

15. The ongoing convergence towards adoption of IFRS increased overall consistency between national accounting practices and the Guide. However, in a few areas in which the Guide departs from IFRS it also resulted in the divergence of practices of the majority of CCE participating countries from the Guide. The Guide’s recommendations that differ from the IFRS are identified in Box 6. As of the end-2005 reference date of the CCE, 75 percent of CCE participating countries prepared FSIs for DTs that had been compiled in full (32 percent) or partial consistency with IFRS (Table 10). Regarding the specific areas of divergence between the Guide and IFRS (abstracting from the matter of consolidation basis), 44–70 percent of countries opted for the IFRS treatment on any given area (Table 10). The remainder provided data consistent either with the Guide’s recommendations on any given area (5–40 percent of countries) or with local accounting standards, which differ from both the IFRS and the Guide.

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Box 6. Main Differences between the Guide and IFRS

Consolidation basis: IFRS, according to International Accounting Standards (IAS) 27, require that financial statements be prepared for a group that includes the parent company and all of its subsidiaries irrespective of the sector they belong to. Subsidiaries are entities controlled by a parent company. The Guide recommends that a domestically controlled cross-border (DCCB) consolidation basis be used, where the consolidation includes only deposit takers (see Box 4). Principle for recognizing assets and liabilities: The International Accounting Standards Board (IASB) framework determines whether assets and liabilities exist and are outstanding on the basis of criteria regarding control and the probability of future economic benefits that can be measured reliably. Moreover, IAS 39 notes that an entity shall recognize a financial asset or liability on its balance sheet when the entity becomes a party to the contractual provisions of the instrument. IAS 39 also states that a regular way purchase or sale of financial assets shall be recognized and derecognized, as applicable, using trade date accounting or settlement date accounting. The Guide states instead that whether assets and liabilities exist and are outstanding is determined at any moment in time by the principle of ownership. Fees and commissions receivable/payable: The Guide differs from IAS 18 in that it does not adjust the effective yield of a financial instrument for fees that are an integral part of the effective yield of an instrument, but records them under fees and commissions receivable and payable. Gains and losses on available-for-sale assets: Under IAS 39, they are recognized in equity except in the case of impairment losses, foreign exchange gains and losses, and when the asset is derecognized. The Guide recommends instead that gains and losses on available-for-sale assets always be included in the income statement. Gains and losses on cash flow hedges, hedges of a net investment in a foreign operation, and (potentially) hedges for the foreign currency risk of a firm commitment: According to IAS 39, the ineffective portion of gains and losses on the above hedging instruments is recorded in the income statement. Meanwhile, the effective portion of the gains or losses on a cash flow hedge or hedge of a net investment in a foreign operation, and potentially on a hedge for the foreign currency risk of a firm commitment, is accounted directly in equity and is recycled to the income statement only when the hedged transaction affects profit or loss. This differs from the Guide, which recommends that all gains and losses on hedging instruments always be included in the income statement. Valuation of held-to-maturity instruments: Under IAS 39, held-to-maturity instruments (that are otherwise tradable) are to be valued at amortized cost. In the Guide it is recommended that they are market or fair valued if they are tradable. Valuation of loans and receivables: Under IAS 39, loans and receivables are to be valued at amortized cost. In the Guide it is recommended that nominal value is used instead, as for all nontradables.

16. Besides country differences from the Guide on consolidation basis, consolidation adjustments, and IFRS-related accounting, there were also other differences. These differences were either related to the definition of a specific FSI and its underlying series or to some aspect of accounting. Regarding differences from the Guide in the definition of data series,

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some of the most common were those related to the series underlying liquidity indicators (I10 and I11) in the core set: 51 percent of countries defined liquid assets to include inter-bank claims and 58 percent of countries defined short-term liabilities to include inter-bank liabilities. Differences also arose often regarding the definition of loans—59 percent of countries deviated from the Guide by including tradable loans and trade credits and/or excluding repos/financial leasing and inter-bank loans. The definition of the encouraged FSI on large exposures (I14) was also an area where there were significant differences from the Guide, and several countries opted to redefine the indicator as total value of large exposures to capital in place of the available options offered in the Guide. Other differences with the Guide, included the exchange rate used for conversion into the unit of account, the definition of foreign currency instruments, the treatment of potential costs, and the specification of the asset boundary (see Tables 11a, 11b, 11c, and 11d).

17. The use of national practices in compiling supervisory-based series, which can differ from the Basel Committee on Banking Supervision (BCBS) approach under Basel I,10 introduced another source of variation across country practices in compiling FSIs. The Guide defers to national practices in compiling such data series, which comprise total regulatory capital, Tier 1 capital, and risk-weighted assets.11 Almost all CCE countries (98 percent) used the Basel framework to compile these series, but only 54 percent followed BCBS guidance in all areas (Table 12). Almost all of the remaining countries (44 percent) differed from the framework in one or more of the following areas: use of Tier 3 capital, treatment of goodwill, and treatment of certain innovative instruments.12 The remaining two percent of participating countries followed national standards.

18. The diversity of methodologies used in compiling FSIs for the CCE indicates that wide-ranging cross-country comparability of FSIs remains a goal still to be achieved, but comparisons among countries can now be made more reliably. The extensive metadata on CCE countries’ data provide crucial information on the establishment of suitable peer groups within which comparisons could be made. Different peer groups can be constructed by specifying an increasing number of methodological areas where countries have the same practice. Given the current level of diversity of compilation practices across countries, specifying a larger number of methodological areas in which countries follow the same approach would lead to peer groups with very few members. The analyst therefore has to exercise judgment in striking an appropriate balance between homogeneity of peer groups and adequate number of countries in these groups. An important input into such an assessment is the potential effect of a

10 Basel II was not widely applied by the reference date of the CCE.

11 These are series to be directly sourced from supervisory information because the definitions conform to supervisory guidance.

12 Not using Tier 3 capital was the most common deviation, characterizing 37 percent of CCE countries.

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methodological variation on the value of a FSI.13 Examples of possible peer-groups constructed from the CCE data (Tables 2, 3, and 4) show how a continuum of peer groups can be created by using countries’ FSIs whose compilation is the same in an increasing number of methodological dimensions.

IV. METHODOLOGICAL ISSUES IN COMPILING FSIS

19. Countries found the Guide helpful during the CCE,14 but in the light of the experience gained in this exercise and in the Fund’s surveillance and analytical work with FSIs in recent years, amendments to the Guide in specific areas are deemed necessary. The issues and perspectives that were taken into consideration to ascertain the needed amendments, which are summarized in section IV.B of the staff report, are described in detail below.

20. The views of CCE participating countries and collaborating international institutions were major inputs in considering possible amendments in FSI methodology. Countries, along with collaborating international and regional institutions, expressed their views during a meeting held at IMF headquarters during May 30–31, 2007 on the occasion of the completion of the CCE. The staff also sent out a survey to methodically collect the views of all CCE participating countries so as to reflect their views in this paper. In the event, 51 out of the 62 countries participating in the CCE returned the survey to STA with their answers.15 The results of the survey are provided in Table 13.

13 For example, varying the consolidation bases used by countries in the CCE appears to significantly affect FSI values and should probably not be ignored in constructing any peer groups (see Box 7). Other differences, however, such as those arising from the presence/absence of inter-group consolidation adjustments may have a smaller effect in many cases and could potentially be ignored under certain circumstances (see Box 8).

14 See Table 13.

15 The percentages reported from the survey refer to percent of countries that have responded to the given question in the survey.

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A. Consolidation Basis

21. A major issue that arose in the CCE was the appropriate consolidation basis in compiling FSIs for deposit takers.16 In the view of most of the CCE participating countries (86 percent) that responded to the survey, the Guide’s recommendation for a domestically controlled cross-border consolidation basis should be amended (Table 13). Most responding countries (86 percent) also expressed a preference for the Guide not to provide a singular recommendation on consolidation basis; virtually all of those countries preferred a limited set of options to be offered by the Guide. From the combination of options offered by countries, no clearly preferred combination emerged. However, certain options for consolidation basis were clearly more often included than others in the combinations proposed by countries (Table 14); these were the DCCBS, DC, and CBCSDI bases, in order of prevalence. When countries were asked which single consolidation basis was best suited for assessing the health of a country’s financial system, CBCSDI, DCCBS, and DC were noted in that order of preference (Table 13, section II, question 1).

22. The issue of whether the Guide should amend its current recommendation on consolidation basis ought to be informed by countries’ needs in financial soundness analysis. Currently, there is clearly a diversity of needs across countries in their financial soundness analyses. These needs depend on country circumstances regarding (i) the degree of cross-sectoral ownership between deposit takers and other financial corporations, (ii) the prevalence of foreign control of deposit takers operating domestically, (iii) the modalities of the presence of foreign controlled institutions in the country (i.e., subsidiaries as opposed to branches), and (iv) the extent of cross-border operations of domestically incorporated deposit takers. For example, countries would find most useful DCCBS as a consolidation basis when they have a high degree of cross-sectoral ownership, foreign controlled institutions are limited in importance, and cross-border operations are significant. If, in addition, there is also a significant degree of foreign control of domestically incorporated institutions, then CBCSDI would be an appropriate choice (potentially with DCCBS as a supplementary option to provide a view of the part of the sector primarily supervised by national supervisory authorities). Finally, in case there is little cross-sectoral ownership, significant foreign presence—including in the form of branches of foreign deposit takers—and limited cross-border operations, then the DC basis would meet the needs of financial soundness analysis.

23. In amending the recommendation of the Guide on consolidation basis it is important to consider the need for cross-country comparable data. CCE countries have emphasized during the CCE plenary meeting and elsewhere the importance of generating cross-country comparable indicators. Cross-country comparable data would help enrich financial soundness analysis in a given country as well as across countries, by providing large numbers of countries 16 Regarding the consolidation basis for sectors other than deposit takers (i.e., other financial corporations, nonfinancial corporations, and households), countries have expressed the view that DC basis is more relevant than other bases. The Guide currently recommends DC along with DCCB as two alternative bases for these sectors.

18

as true comparators.17 At the same time, however, such country-comparable data should be able to capture emerging trends in the financial system, such as increasing cross-sector ownership, foreign control of institutions operating domestically, and cross-border operations. If the Guide were to recommend a very limited number of consolidation bases that addressed those issues, it would serve to move towards clustering of FSI compilation approaches of countries around those few options over the medium term. In these circumstances, even if not all countries’ FSIs would be comparable, there would be comparability among the FSIs of significant numbers of countries that form a given cluster.

Box 7. Implications for FSIs from Varying the Consolidation Basis

The FSI data collected for the CCE provide a rough indication of the implications of different consolidation bases on FSI values because several countries compiled two or more sets of FSIs using a different consolidation basis for each set. The data presented below show the effect on FSI ratios from switching from a given consolidation basis to another, averaged over the—admittedly small—number of countries that provided data on each pair of consolidation bases. A caveat is that while in some of these country cases the consolidation basis is the only variable that is changing, in others there are some other variables (such as accounting standards) that may be changing too.

Average Diff 1/ Average Diff 1/ Average Diff 1/ Average Diff 1/

DCCBS - CBCSDI DC - DCCB DC - CBCSDI DC - DCCBS

I1 Regulatory capital to risk-weighted assets 0.43 3.04 0.61 0.86I2 Regulatory Tier 1 capital to risk-weighted assets 0.18 3.48 0.65 2.30I3 Nonperforming loans net of provisions to capital 2.10 11.75 4.51 6.33I4 Nonperforming loans to total gross loans 0.20 2.85 1.78 1.07I5 Sectoral distribution of loans to total loans n.a n.a n.a n.aI6 Return on assets 0.12 0.05 0.14 0.35I7 Return on equity 3.03 2.49 3.26 4.70I8 Interest margin to gross income 0.54 9.32 4.70 11.13I9 Noninterest expenses to gross income 1.23 4.17 4.16 8.79I10 Liquid assets to total assets 1.13 6.08 0.21 3.09I11 Liquid assets to short-term liabilities 2.36 6.99 3.16 10.11I12 Net open position in foreign exchange to capital 2.40 2.98 n.a 7.91

1/ Average of the absolute value of differences.

(in percent)Core Set: Quantitative Implications of the Use of Different Consolidation Bases

Descriptions

The data show that the changes caused to FSI ratios by switching consolidation bases can be up to several percentage points. Therefore, consolidation basis appears to be an important methodological dimension that has to be taken into account in identifying which FSIs (within or across countries) are comparable.

17 On the implications of using different consolidation bases on the comparability of FSIs, see Box 7.

19

24. Given the considerations above, there are two main options in amending the recommendation of the Guide on consolidation basis:

• One recommendation would be to choose CBCSDI and/or DCCBS as consolidation bases as these two bases appear suitable to capture most potential risks within the group. The Guide would recommend that FSIs and their underlying data be provided for both these consolidation bases if the country authorities assess that there is significant but not nearly complete foreign control of domestically incorporated deposit takers. The Guide would continue to include a discussion on alternative consolidation bases (such as DC, DCCB, CBDI) for the reference of countries that may still prefer to use such approaches as best suiting their circumstances.18 • An alternative recommendation would be to offer CBCSDI and DCCBS as choices, but also explicitly add DC as a fully recommended alternative consolidation basis; other elements of the first approach would be maintained.

25. Regarding the two alternative recommendations above, a number of issues could be highlighted: • The first recommendation would be consistent with the views of those CCE participating countries that have argued that the Guide should recommend only consolidation bases that a priori satisfy the cross-sector and cross-border institutional coverages of the Basel capital adequacy framework. The second recommendation would be consistent with the views of countries that argued that the set of options should be determined by the frequency with which consolidation bases were actually used in the CCE (Table 6). • If the second recommendation were to be adopted, there would likely be greater diversity of compilation methodologies over the long-term. This would decrease somewhat the comparability of FSIs across countries. • The DC basis in the second recommendation could offer a more tailored view of some countries’ financial sectors, at least for a while. • The second recommendation would lead in the short-run to a lower reporting cost of FSIs for countries currently using the DC basis, as data availability considerations were the single most important factor for countries in choosing their consolidation basis for reporting FSIs in the CCE (Figure 1).19 However, even under the first recommendation, countries would not be 18 The Guide could also be amended to encourage countries to compile and disseminate FSIs and underlying data series for the branches of foreign deposit takers operating in their territory as supplementary information, if they deemed such branches important to the assessment of soundness of their financial systems.

19 In this context, it is noteworthy that the outcome of the CCE shows that 37 percent of countries used to varying degrees multiple consolidation bases to compile different FSIs, and DC basis was often the one of the multiple bases used by such countries (Table 7). This may be attributed to data availability in some cases and in other cases to countries’ views that consolidation basis should be allowed to vary given the specific FSI compiled (and its use).

20

required to abandon the DC basis, but would be able to compile FSIs using any basis they wished (with supporting metadata). • Under the second recommendation, there would probably be more switches in country practices from DC to CBCSDI over the medium- and long-term (instead of in the short-term) as developments in countries regarding cross-sector ownership and cross-border operations eventually render the DC basis less useful. This would lead to breaks in the FSI time series (along with deferred increased reporting costs) for these countries and, consequently, difficulties in analysis.

Figure 1: CCE–Rationale for Countries in Choosing Consolidation Bases for Reporting FSIs

38%

19%

23%

11% 3%6%

data availabilitysuitability for the analysis of the financial soundness of a countryrelevance of foreign controlled deposit takers in a countrytrying to follow the Guide’s recommendationFSI data comparability across countriesOther

26. Taking into consideration the matters above, the following amendments to the Guide were deemed appropriate: The Guide’s current recommendation for a domestically controlled cross-border consolidation basis will be amended. The new recommendation will be (i) the cross-border cross-sector consolidation basis for all domestically incorporated deposit takers (CBCSDI) and/or (ii) the domestically controlled cross-border and cross-sector (DCCBS) consolidation basis. The Guide will recommend that FSIs and their underlying data be provided for both these consolidation bases if the countries consider that there is significant foreign control of domestically incorporated deposit takers.20 The Guide will continue to include a 20 FSIs would be usefully compiled using both consolidation bases when a country deems that the share of foreign controlled institutions in the sector is not so large so as to render compilation for the domestically controlled part of the sector of little value.

21

discussion on alternative consolidation bases (such as DCCB, CBDI, DC) for the reference of countries that may still prefer to use such approaches as best suiting their circumstances. Metadata and data report forms for reporting to the IMF will be amended accordingly. The Guide will be amended to encourage countries to compile and disseminate FSIs and underlying data series for the branches of foreign deposit takers operating in their territories as supplementary information, if the presence of such branches is deemed by the country as significant.

B. Inter-Group Consolidation Adjustments

27. Another major issue that arose in the CCE was the relevance of inter-group consolidation adjustments for data used to compile FSIs. As discussed in paragraph 14, there was some use of inter-group consolidation adjustments in compiling data for the CCE, mostly for certain inter-group positions (and to a much lesser extent for inter-group flows) (Tables 8 and 9). Supervisory-based concepts of capital were the data series that showed the highest incidence of adjustments,21 as the latter were de facto carried out when supervisory deductions were made. About 62 percent of the countries responding to the survey expressed the view that inter-group adjustments should not be recommended by the Guide, citing analytical, data availability, quantitative significance, and cost considerations (Table 13). The remaining 38 percent of responding countries were of the view to maintain the recommendation of the Guide on the matter, and expressed a preference for fully inter-group consolidated data as opposed to data that had been consolidated just at the level of reporting groups.

28. Regarding whether the Guide should amend its current recommendation on inter-group consolidation adjustments, the following issues could be highlighted: • Inter-group adjustments were recommended by the Guide to eliminate the double-counting of income and capital in the sector. They are essential in measuring the flows of resources between sectors as well as the equity positions among sectors, but they may not always be useful for the analysis of financial soundness for reasons indicated below. • Inter-group consolidation adjustments render the derived FSIs different from simple weighted averages of reporting group data, and thus FSIs cannot be simply disaggregated to the indicators of individual reporting groups. Therefore, interpretation of FSIs with inter-group consolidation adjustments may become more complex. • Certain inter-group adjustments could be justified for the same reasons that supervisory deductions for total regulatory capital or Tier 1 capital can include eliminations of positions between institutions where there is a greater-than-specified degree of control: the resources of an

21 Total regulatory capital and Tier 1 capital.

22

institution could potentially be used to buttress those of another one if it was a related entity.22 If such a rationale of inter-group adjustments were to be accepted, adjustments would be called for positions or flows among institutions for which supervisors feel there is a high enough degree of relatedness, and not for all institutions in the population (sector) as currently recommended in the Guide. • The quantitative effect of inter-group adjustments on the values of FSIs is difficult to determine a priori and is bound to be country specific. Most CCE countries that responded to the survey viewed the effect as not significant (43 percent on flows and 41 percent on positions), but 24 percent of countries rated the effect as significant or somewhat significant (Table 13). About one third of responding countries indicated the significance of the effect was unknown. There are indications that in the countries that actually carried out the adjustments in the CCE, the effect was relatively limited but not necessarily negligible (see Box 8). • The data requirements for carrying out inter-group adjustments could be burdensome and costly, especially for countries with many institutions, whose data would be subject to such consolidations. The Guide currently notes that judgment would need to be exercised on the benefits and costs of collecting new data to carry out inter-group adjustments. • If the Guide were to recommend against inter-group adjustments, there would still be inter-group adjustments de facto being carried out for many countries’ supervisory-based series used to compile several FSIs for deposit takers. Reversing such inter-group adjustments would also be costly and burdensome.

• Cross country comparability of FSIs could decrease if quantitatively significant inter-group adjustments are made in the data by some countries and not by others. Comparability may be further compromised if countries do not carry out all consolidation adjustments that may be significant, but only some of them.

22 Such positions are also eliminated when they are deemed by supervisors to be in place to inflate the capital position of banks.

23

Box 8. Quantitative Effect of Inter-Group Consolidation Adjustments on FSIs

The FSI data collected for the CCE provide an indication of the effect of certain inter-group consolidation adjustments on the values of FSIs. This is possible because several countries reported, as part of the memorandum items in their sectoral financial statements, the magnitudes of adjustments on account of deposit takers’ shares and other equity investments in associates and other deposit takers in the population. These figures correspond to two of the three adjustments recommended by the Guide for stock data such as capital and total assets. With data on these adjustments, it is possible to generate two sets of FSI values (with adjustments and without adjustments, respectively) and to compare the magnitudes of these two sets of FSIs. The results are presented in the summary table below:

DCCB DC DCCBS CBCSDI OTHER ALL

I1 Regulatory capital to risk-weighted assets 0.37 0.41 0.20 0.10 1.04 0.45I2 Regulatory Tier 1 capital to risk-weighted assets 0.39 0.42 0.21 0.10 1.05 0.46I3 Nonperforming loans net of provisions to capital 0.86 0.99 0.08 n.a 0.61 0.71I7 Return on equity 0.36 0.80 0.46 0.30 2.01 0.79I12 Net open position in foreign exchange to capital 0.24 7.44 0.10 n.a 2.57 2.84

1/ Average of the absolute value of differences.

Core Set: Quantitative Implications of the Inter-Group Consolidation Adjustments for Equity Investments in Associates and Other Deposit Takers Resident in the Economy

Average Diff 1/Descriptions

(in percent)

The data show that the changes caused to FSI ratios by carrying out these specific adjustments have amounted by-and-large to fractions of percentage points for the countries for which data were available. For some countries, therefore, inter-group adjustments may be of limited quantitative significance. However, this does not preclude the possibility that for other countries the quantitative effect of the adjustments could be significant.

29. Given the considerations above, there are two main options in addressing the recommendation of the Guide on consolidation adjustments:

• One recommendation would advise against all inter-group consolidation adjustments. Countries whose supervisory-based series are de facto inter-group consolidated would still be able to use these series to compile FSIs, but the presence and degree of the existing adjustments would be documented in the metadata as they could affect cross-country comparability of FSIs. • An alternative recommendation would have the Guide cease to recommend inter-group adjustments. The Guide would offer a limited discussion of inter-group consolidation adjustments in financial statements for the reference of countries that may still prefer to use them. Moreover, de facto inter-group consolidation adjustments on account of implementation of supervisory deductions would not be discouraged by the Guide. The presence and degree of any

24

adjustments (explicitly or otherwise carried out) in a country’s data would be documented in the metadata as they could affect cross-country comparability of FSIs. 30. Taking into consideration the matters above, the following amendments to the Guide were deemed appropriate: Intra-group consolidation adjustments will continue to be fully recommended by the Guide. However, consolidation adjustments of inter-group positions and flows will cease to be recommended by the Guide. The Guide will offer a limited discussion of inter-group consolidation adjustments in financial statements for the reference of countries that may still prefer to use them. Moreover, de facto inter-group consolidation adjustments on account of implementation of supervisory deductions will not be discouraged by the Guide. Metadata forms for potential reporting to the IMF would be amended accordingly.

C. Relation of the Guide with BCBS Guidance

31. An issue that arose in the CCE is that the Guide relies on national practice in compiling supervisory-based series and does not explicitly defer to BCBS standards. The large majority (85 percent) of CCE participating counties expressed the view that the Guide should be amended to explicitly recommend that the approaches set out in Basel I and Basel II be followed in compiling supervisory-based underlying data series used to compile FSIs (Table 13).23 Moreover, about 63 percent of countries responding to the survey preferred that the Guide also explicitly follow BCBS on the matter of consolidation basis, which would favor the DCCBS and CBCSDI consolidation bases. The issues related to this latter matter were addressed above. 32. If the Guide were to be clarified to explicitly accept BCBS guidance in compiling supervisory-based series, the following issues would need to be taken into consideration:

• The existence of national variations in the implementation of BCBS guidance could be acknowledged in the Guide and these variations would usefully be documented in the FSI metadata so as to ensure transparency in determining the comparability of data. • With the gradual adoption of Basel II across and within counties, there may be issues of comparability of data both across countries as well as over time and across deposit takers within a given country (Box 9). Half of the CCE countries that responded to the survey expressed the view that with the introduction of Basel II, FSI data will become less comparable within a country, while 45 percent said that there would be less comparability across countries.24 In this 23 The supervisory-based series include total regulatory capital, Tier 1 capital, and risk-weighted assets.

24 Some countries have argued that the source of decreased comparability could arise from the concurrent use of Basel I and Basel II (and potentially also local standards) by different groups of deposit takers in a country, and/or the availability of different options for calculating risk-weighted assets under Basel II.

25

context, the FSI metadata would need to document how BCBS guidance is implemented in each country regarding the supervisory-based series used to compile FSIs. • The Guide may need to be amended to include a discussion on Basel II, in addition to the existing discussion on Basel I.

Box 9. Key Differences Between Basel I and Basel II

Basel I and Basel II both employ a common set of definitions for capital (i.e., total regulatory capital and Tier 1 capital) for calculation of FSIs that use these as underlying data. The key difference pertains to the method of calculation of another FSI-underlying series—risk-weighted assets. Under Basel I, risk-weighted assets are based on a uniform set of risk weights that are assigned to common asset categories. For example, all deposit takers must assign the same risk-weight to loans to OECD governments with no difference in the risk weighting. Basel II reflects the evolution of the Basel capital adequacy framework, as the assignment of risk-weights now more closely reflects loss experience for asset types. Basel II provides a further option that allows countries to use more than one approach for the assignment of the risk weights. These approaches range from the simpler standardized approach (which is very similar to Basel I), to more sophisticated internal ratings based (IRB) approaches that allow deposit takers to use their own risk models to determine the minimum capital.

33. Taking into consideration the matters above, the following amendments to the Guide were deemed appropriate: The Guide will be clarified to explicitly defer to Basel I and Basel II as the standards for compiling supervisory-based underlying data series, acknowledging that there could be national variations in implementation. The Guide will provide a description of Basel II, in addition to the one on Basel I already included. Metadata forms for potential reporting to the IMF will be amended accordingly.

D. Relation of the Guide with IFRS

34. An issue that arose in the CCE was whether the few differences between the Guide and IFRS should be maintained or the Guide should defer to IFRS on accounting issues. The vast majority of CCE participating countries (above 90 percent) responding to the survey expressed the view that the Guide should defer to IFRS on all accounting issues, except on the

26

matter of the consolidation basis (Table 13).25 Apart from the latter, the divergences between the Guide and IFRS concern only five areas, and responding countries (91 to 95 percent of them, depending on the area of divergence) felt that these differences should be eliminated by following IFRS guidance. The availability of data and cost of making the adjustments to IFRS-consistent data to conform to the Guide’s recommendations, as well as the harmonization of standards were noted as important considerations. Moreover, there do not appear to be overwhelming analytical arguments in favor of maintaining the current accounting recommendations of the Guide in the areas of divergence with IFRS. 35. Taking into consideration the matters above, the following amendments to the Guide were deemed appropriate: The Guide will be amended to defer to IFRS as the standard on accounting issues.26 Metadata forms for potential reporting to the IMF will be updated accordingly.

E. Contents of FSI List

36. The issue is whether there should be additions or deletions of FSIs regarding the list endorsed by the Executive Board and used in the CCE. There have been proposals advanced by about 60 percent of CCE participating countries that responded to the survey to eliminate some FSIs from the current list, while the remaining countries expressed the view that no FSI should be deleted from the current list (Table 13). While the majority of responding countries did favor some deletion from the list, there was significant diversity in their views as to which FSI should be eliminated. In all cases of FSIs being proposed for elimination, the view was supported by a couple of countries only, except in the case of encouraged FSI I14 (Large exposures to capital), the elimination of which was supported by about a quarter of responding countries. There were also numerous proposals for additions to the FSI list. However, there was little convergence on specific FSI formulations in the proposals for new FSIs offered by countries. The need to develop FSIs for OFC subsectors was however noted by several countries. Overall, 35 percent of countries proposed to add to the FSI list, while 30 percent of countries indicated that no new FSIs should be added to the list, and another 35 percent had no view on the matter. 37. A specific area for adding new FSIs that attracted significant interest throughout the CCE, has been the OFC sector. In the CCE plenary meeting in May 2007, there were calls for adding FSIs for major OFC subsectors (such as insurance, pension funds, other financial intermediaries, and financial auxiliaries) to the current list of FSIs. This was also the area for addition of FSIs pointed out most frequently by countries in the survey, although the number of 25 Regarding consolidation basis, the objection to adopting IFRS guidance was by-and-large an objection to IFRS being interpreted as including in the consolidation basis subsidiaries from the insurance subsector or from the nonfinancial corporations sector.

26 With regard to the consolidation basis, IFRS guidance would be followed at the level of the financial sector (excluding insurance companies).

27

countries that mentioned the matter in their survey responses was still quite limited. While some countries have offered some concrete proposals for such FSIs, in the CCE meeting the general view was that there is a need to reflect further on the appropriate FSIs for OFCs to include in the list, taking into consideration the new international supervisory standards that are being proposed as well as ongoing analytical research on the matter.

38. Taking into consideration the matters above, the following approach was deemed appropriate: For the time being, the FSI list will remain unchanged. Definitions of FSIs and their underlying series will also remain unchanged with a small number of technical modifications that are described in the below. Over the medium term, work would continue on assessing the need and feasibility of refining the list of FSIs and adding new FSIs.27 Moreover, it will be explored whether reporting countries should be asked to give priority in compiling certain encouraged FSIs, given their importance in Fund surveillance. Any proposal for additions to the FSI list would be based on broad-based consultations with Fund departments, international experts, and would be brought for consideration by the Board.

F. Definitions of Specific FSIs

39. There were proposals advanced by about 74 percent of responding countries to change the Guide’s definitions of certain data series used to compile FSIs. However, the survey results show little convergence on specific reformulations of FSIs in the proposals offered by countries. Nevertheless, from the discussions in the CCE plenary meeting, certain FSIs/underlying data series did appear to emerge as potential candidates for redefinition. They include the encouraged FSIs I14 (large exposures to capital), I32 (Number of applications for protection from creditors), I12 (net open position in foreign exchange to capital), and I25 (net open position in equities to capital), as well as the following underlying series for various FSIs: liquid assets, short-term liabilities, nonperforming loans, and net income. It should be noted, however, that in each of these cases, there were also participants to the CCE meeting who expressed support for retaining the current definitions of the Guide.

40. In considering amending the definitions of the identified FSIs and underlying series, the following issues were raised:

• Liquid assets: A view expressed by some CCE participating countries is that customer loans with up to three months remaining maturity could be excluded from liquid assets, either because of their perceived low liquidity or on prudential grounds. In support of the

27 New FSIs could potentially be added for major other financial corporations subsectors, for nonfinancial corporations and households in light of the need to provide leading indicators of financial soundness, as well as for deposit takers and financial markets. In addition, further work could involve assessing qualitative indicators (such as disclosure and transparency of the financial and nonfinancial corporations subsectors) as possible additional measures of soundness of the financial system.

28

continued inclusion of such customer loans in liquid assets, there is some evidence that in periods of uncertainty banks reduce the maturity of their customer loans.28 Moreover, the Guide currently recognizes that determining which assets are liquid involves judgment and allows flexibility in defining the series in each country (which may affect cross-country comparability of data). Only one country compiled data for the CCE excluding customer loans. Some countries have also argued that liquid assets should not exclude interbank positions, on the basis of their liquidity as well as for consistency with the definition of total assets. Moreover, the inclusion of interbank positions would render the resulting FSI comparable to the ratios reported by individual DTs. At the same time, the Guide argues that interbank positions do not constitute an “external” source of liquidity for the sector.

• Short-term liabilities: Some counties expressed the view that short-term liabilities should exclude customer deposits, given their perceived stability. Only one country compiled data for the CCE on this basis. Other countries have noted that such deposits could be volatile and therefore should be retained in the definition, as currently recommended in the Guide. Another matter concerns interbank positions: if the definition of liquid assets were to be modified to include them, then the definition of short-term liabilities would arguably need to be modified in that respect also.

• Nonperforming loans: There were views among CCE participating countries to modify

the definition by having a uniform criterion of 90 days for declaring a loan as nonperforming (i.e., by excluding stricter approaches) so as to improve cross-country comparability of data. This approach would also make the definition consistent with the draft of the ongoing System of National Accounts (SNA) revision and the forthcoming sixth edition of the Balance of Payments Manual.

• Net Income: Some countries have argued for keeping only one of the two options

currently offered in the Guide—the pre-tax (and extraordinary items) measure of net income or the post-tax measure—to promote cross-country comparability. To avoid the effects of different tax regimes, the pre-tax measure would be preferable. This measure was followed by 82 percent of countries in their CCE submissions.

• Large exposures to capital: This indicator was identified by a number of countries

responding to the survey either for elimination (25 percent) or redefinition (7.6 percent). The current three versions of the FSI are seen by many countries as either unsuitable for measuring large exposures (in the case of the version measuring total exposure of the 5 largest DTs to the 5 largest resident entities to capital and the version assessing total

28 Dangerous Markets: Managing in Financial Crises, Dominic Barton, Roberto Newell, and Gregory Wilson, 2002 (New York:Wiley).

29

exposure of DTs to affiliated entities and connected parties to capital) or leading to low cross-country comparability of data (such as in the version measuring the number of large exposures). Several countries used in their CCE submissions an alternative definition of the indicator—total value of large exposures to capital.

• Number of applications for protection from creditors: The indicator may not be

applicable to different countries’ legal frameworks, leading to low cross-country comparability of data. To address these issues, some countries proposed that the indicator be modified to measure the cases where bankruptcy proceedings are actually initiated.

• Net open position in foreign exchange to capital, large exposures to capital, and net

open position in equities to capital: The view was expressed that for these ratios, which are assessing solvency, only supervisory-based series of capital should be used, and not the balance sheet series for capital, as currently offered as an option in the Guide.

41. Taking into consideration the matters above, the following approach was deemed appropriate: All FSIs and their underlying series will retain the definitions currently recommended in the Guide. A limited number of exceptions follow, for which data and metadata report forms will be amended accordingly.

a. The definition of the data series “liquid assets,” underlying the FSIs “liquid assets to total assets” and “liquid assets to short-term liabilities,” will be amended to include interbank positions.

b. The definition of the data series “short-term liabilities” underlying the FSI “liquid assets to short-term liabilities” will be amended to include interbank positions.

c. The series “nonperforming loans” used to compile the FSIs “nonperforming loans net of provisions to capital” and “nonperforming loans to total gross loans” will be redefined on the basis of a uniform criterion of “principal or interest payments 90 days overdue” for declaring a loan as nonperforming (i.e., the definition would not allow, as it currently does, stricter approaches).

d. The Guide will be amended to restrict the definition of net income to net income before taxes and extraordinary items.

e. The FSI on large exposures will be redefined as the ratio of the value of large exposures to capital, replacing the current versions of the indicator offered as options in the Guide.

f. The FSIs “net open position in foreign exchange to capital,” “large exposures to capital,” and “net open position in equities to capital” will be redefined to be compiled using total regulatory capital or Tier 1 capital.

30

g. The FSI “number of applications for protection from creditors” will be modified to measure the cases where bankruptcy proceedings are actually initiated.

G. Conclusion

42. As discussed above in this paper, there is a need to amend the Guide. It is intended that some aspects of the Guide be amended, as noted above, to deal with the methodological issues that arose in the conduct of the CCE. The current Guide together with an annotation on the amendments would provide the technical underpinning for future Fund work on FSIs as proposed in the Financial Soundness Indicators: Experience with the Coordinated Compilation Exercise and Next Steps.

Number of Countries Number of Indicators 1/

Core FSIs for Deposit TakersI1 Regulatory capital to risk-weighted assets 57 66I2 Regulatory Tier 1 capital to risk-weighted assets 57 66I3 Non-performing loans net of provisions to capital 56 64I4 Non-performing loans to total gross loans 56 65I5 Sectoral distribution of loans to total loans 55 59I6 Return on assets 57 68I7 Return on equity 57 68I8 Interest margin to gross income 57 68I9 Non-interest expenses to gross income 57 68

I10 Liquid assets to total assets 56 65I11 Liquid assets to short-term liabilities 56 65I12 Net open position in foreign exchange to capital 52 57

I13 Capital to assets 48 56I14 Large exposures to capital 36 42I15 Geographical distribution of loans to total loans 36 42I16 Gross asset position in financial derivatives to capital 34 40I17 Gross liability position in financial derivatives to capital 34 40I18 Trading income to total income 44 51I19 Personnel expenses to non-interest expenses 47 55I20 Spread between reference lending and deposit rates 36 39I21 Spread between highest and lowest interbank rates 23 23I22 Customer deposits to total (non-interbank) loans 46 53I23 Foreign-currency-denominated loans to total loans 46 51I24 Foreign-currency-denominated liabilities to total liabilities 45 50I25 Net open position in equities to capital 28 31

Encouraged FSIs for Other Financial CorporationsI26 Assets to total financial system assets 31 32I27 Assets to Gross Domestic Product (GDP) 31 32

Encouraged FSIs for Nonfinancial CorporationsI28 Total debt to equity 20 20I29 Return on equity 17 17I30 Earnings to interest and principal expenses 7 7I31 Net foreign exchange exposure to equity 1 1I32 Number of applications for protection from creditors 13 13

Encouraged FSIs for HouseholdsI33 Household debt to GDP 26 26I34 Household debt service and principal payments to income 14 14

Encouraged FSIs for Market LiquidityI35 Average bid-ask spread in the securities market 2/ 17 17I36 Average daily turnover ratio in the securities market 2/ 22 22

Encouraged FSIs for Real Estate MarketsI37(i) Residential real estate prices (annual percentage increase) 30 30I37(ii) Commercial real estate prices (annual percentage increase) 12 12

I38 Residential real estate loans to total loans 37 38I39 Commercial real estate loans to total loans 23 23

Source: CCE.

1/ A given FSI may be compiled more than once by a given country using different consolidation bases.2/ Or in other markets that are most relevant to bank liquidity, such as foreign exchange markets.

DescriptionsIndicator Number

Encouraged FSIs for Deposit Takers

Indicators Compiled

Table 1. FSIs Compiled by Countries in the CCE

31

Tabl

e 2.

a. C

ore

FSIs

for C

ount

ries

Usi

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onso

lidat

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per

cent

)

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Cyp

rus

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non

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alta

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aine

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Cap

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dequ

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Reg

ulat

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Cap

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17.3

110

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14.9

514

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Reg

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ory

Tier

1 C

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k W

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649

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2 U

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egul

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Use

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ital

Ass

et Q

ualit

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Use

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14.1

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Use

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19.5

319

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Use

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3 U

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Inte

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quid

ity:

Liqu

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Use

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Mea

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Lia

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Use

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Sen

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et O

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ition

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Use

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1019

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9.63

Use

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Reg

ulat

ory

Cap

ital

4.35

8.52

6.44

Use

of T

ier 1

Cap

ital

1.96

2.33

2.14

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

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r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

DC

CB

OTH

ER

O

ther

con

solid

atio

n ba

ses.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne c

onso

lidat

ion

basi

s.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

32

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Arm

enia

Bul

garia

Chi

leC

osta

Ric

aC

roat

iaC

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sD

enm

ark

El S

alva

dor

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)34

.92

15.3

315

.39

14.6

514

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Reg

ulat

ory

Tier

1 C

apita

l to

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k W

eigh

ted

Ass

ets

(I2)

32.6

812

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11.4

313

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4N

on-p

erfo

rmin

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ans

Net

of P

rovi

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s to

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ital

(I3)

3.67

2.92

3.05

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028

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7 U

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f Tot

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apita

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7 U

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Use

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ital

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0A

sset

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lity:

Non

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Ear

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Use

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6 U

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Use

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Use

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Sou

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CC

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omes

tical

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CS

DI,

DC

, DC

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, or D

CC

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THE

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lso

incl

udes

the

cons

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sis

of a

FS

I com

pile

d w

ith th

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derly

ing

data

cal

cula

ted

usin

g m

ore

than

on

e co

nsol

idat

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s.

CB

CS

DI

Cro

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r con

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for a

ll do

mes

tical

ly in

corp

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ntiti

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DC

Tabl

e 2.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

is(In

per

cent

)

33

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

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nia

Gha

naG

reec

eH

ong

Kon

g SA

RH

unga

ryJo

rdan

Kor

eaLa

tvia

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.92

16.2

311

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17.6

012

.69

Reg

ulat

ory

Tier

1 C

apita

l to

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k W

eigh

ted

Ass

ets

(I2)

12.9

115

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11.8

117

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9.24

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

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1016

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5.00

5.60

5.08

4.23

1.98

Use

of T

otal

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ital &

Res

erve

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1016

.70

5.00

5.08

4.23

1.98

Use

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otal

Reg

ulat

ory

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ital

5.60

Use

of T

ier 1

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ital

Ass

et Q

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to T

otal

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Ear

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Ret

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19.4

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Use

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Use

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34.4

519

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Use

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Cap

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26.9

6 U

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Use

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Use

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Res

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argi

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50.9

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49.6

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37.5

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Liqu

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619

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Ass

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24.9

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Use

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road

Mea

sure

of L

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28.9

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631

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39.4

628

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Use

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Mea

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of L

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sset

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57.2

533

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64.4

855

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38.5

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Net

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61.7

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2.80

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Use

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s61

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0.48

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Use

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Reg

ulat

ory

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-22.

80 U

se o

f Tie

r 1 C

apita

l

DC

Tabl

e 2.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

is (C

ont.)

(In p

erce

nt)

34

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Lith

uani

aLu

xem

bour

gM

alay

sia

Mal

taM

exic

oN

orw

ayPo

land

Rom

ania

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)20

.36

14.5

521

.07

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

17.6

014

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16.3

6N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

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ital

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5.68

50.6

820

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856.

8611

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6.67

Use

of T

otal

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ital &

Res

erve

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6850

.68

-11.

856.

8611

.82

6.67

Use

of T

otal

Reg

ulat

ory

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20.2

4 U

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f Tie

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lA

sset

Qua

lity:

Non

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form

ing

Loan

s to

Tot

al G

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Loa

ns (

I4)

0.60

9.40

3.92

2.08

0.72

4.80

2.61

Ear

ning

s an

d P

rofit

abili

ty:

Ret

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on A

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s (I

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422.

681.

211.

641.

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14.1

220

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320

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614

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Use

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efor

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24.4

320

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Use

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otal

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ital &

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s14

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24.4

320

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Use

of T

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ulat

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20.8

2 U

se o

f Tie

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l U

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f Net

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7 U

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Use

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Use

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arro

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apita

l and

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sIn

tere

st M

argi

n to

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ss In

com

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8)51

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53.9

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Non

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9)45

.28

38.4

258

.66

55.5

272

.34

87.9

1Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

53.3

317

.90

13.9

228

.81

5.98

19.8

454

.60

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s5.

9854

.60

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s53

.33

17.9

013

.92

28.8

119

.84

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

64.3

219

.34

58.3

011

1.03

8.67

27.5

338

7.67

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s8.

6738

7.67

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s64

.32

19.3

458

.30

111.

0327

.53

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)1.

37-1

.60

-0.0

768

0.53

2.49

-0.5

5 U

se o

f Tot

al C

apita

l & R

eser

ves

1.37

-0.0

768

0.53

-0.5

5 U

se o

f Tot

al R

egul

ator

y C

apita

l-1

.60

2.49

Use

of T

ier 1

Cap

ital

DC

Tabl

e 2.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

is (C

ont.)

(In p

erce

nt)

35

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Sing

apor

eSl

ovak

iaSl

oven

iaSo

uth

Afr

ica

Spai

nU

nite

d K

ingd

omU

rugu

ayA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.32

10.5

312

.72

16.1

916

.09

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

13.0

78.

858.

4514

.56

14.1

3N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

6.03

6.39

5.36

6.42

53.0

210

.97

Use

of T

otal

Cap

ital &

Res

erve

s6.

036.

3953

.02

10.4

1 U

se o

f Tot

al R

egul

ator

y C

apita

l5.

366.

4211

.54

Use

of T

ier 1

Cap

ital

17.6

0A

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

0.92

5.03

2.96

1.49

0.65

11.5

23.

57E

arni

ngs

and

Pro

fitab

ility

:R

etur

n on

Ass

ets

(I6)

0.74

1.07

0.99

1.55

0.71

1.60

1.68

Use

of N

et In

com

e B

efor

e Ta

xes

0.74

1.07

0.99

1.60

1.73

Use

of N

et In

com

e A

fter T

axes

1.55

0.71

1.57

Ret

urn

on E

quity

(I7

)8.

2213

.66

13.4

920

.09

11.8

519

.83

18.4

0 U

se o

f Net

Inco

me

Bef

ore

Taxe

s8.

2213

.66

13.4

919

.83

18.4

2 U

se o

f Tot

al C

apita

l & R

eser

ves

8.22

13.6

613

.49

19.8

317

.98

Use

of T

otal

Reg

ulat

ory

Cap

ital

20.8

2 U

se o

f Tie

r 1 C

apita

l19

.54

Use

of N

et In

com

e A

fter T

axes

20.0

911

.85

18.3

4 U

se o

f Tot

al C

apita

l & R

eser

ves

18.9

5 U

se o

f Tot

al R

egul

ator

y C

apita

l20

.09

20.3

7 U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

11.8

511

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Inte

rest

Mar

gin

to G

ross

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me

(I8)

30.3

565

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52.8

838

.18

56.6

510

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52.8

0N

on-in

tere

st E

xpen

ses

to G

ross

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me

(I9)

66.1

169

.11

62.4

361

.62

52.1

587

.42

57.6

9Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

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10)

0.70

33.5

04.

844.

8434

.86

35.1

048

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26.8

8 U

se o

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uid

Ass

ets

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22.1

7 U

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f Liq

uid

Ass

ets

33.5

04.

844.

8434

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35.1

048

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29.2

3Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)83

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40.3

18.

797.

0183

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55.6

294

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60.0

2 U

se o

f Cor

e M

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f Liq

uid

Ass

ets

70.9

0 U

se o

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ad M

easu

re o

f Liq

uid

Ass

ets

83.1

940

.31

8.79

7.01

83.5

255

.62

94.7

755

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Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)-4

9.07

21.7

91.

154.

6139

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38.1

8 U

se o

f Tot

al C

apita

l & R

eser

ves

-49.

074.

6139

.99

55.2

4 U

se o

f Tot

al R

egul

ator

y C

apita

l21

.79

1.15

0.56

Use

of T

ier 1

Cap

ital

7.96

DC

Tabl

e 2.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

is (C

oncl

.)(In

per

cent

)

36

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Aus

tral

iaA

ustr

iaB

razi

lC

anad

aC

olom

bia

Den

mar

kFi

nlan

dG

reec

e

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)10

.25

11.8

218

.71

10.2

914

.65

11.4

721

.66

13.2

0R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)7.

498.

1715

.28

8.05

10.3

810

.14

18.8

211

.01

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)4.

65-1

0.71

3.71

10.3

60.

441.

64 U

se o

f Tot

al C

apita

l & R

eser

ves

-10.

713.

7110

.36

0.44

1.64

Use

of T

otal

Reg

ulat

ory

Cap

ital

4.65

Use

of T

ier 1

Cap

ital

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)0.

564.

530.

504.

160.

150.

25E

arni

ngs

and

Pro

fitab

ility

:R

etur

n on

Ass

ets

(I6)

1.76

0.61

2.66

0.96

2.95

0.87

0.87

0.95

Use

of N

et In

com

e B

efor

e Ta

xes

1.76

2.66

0.96

2.95

0.87

0.87

Use

of N

et In

com

e A

fter T

axes

0.61

0.95

Ret

urn

on E

quity

(I7

)25

.30

14.8

133

.33

25.4

333

.93

18.8

69.

3615

.29

Use

of N

et In

com

e B

efor

e Ta

xes

25.3

033

.33

25.4

333

.93

18.8

69.

36 U

se o

f Tot

al C

apita

l & R

eser

ves

25.3

033

.33

25.4

333

.93

18.8

69.

36 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Net

Inco

me

Afte

r Tax

es14

.81

15.2

9 U

se o

f Tot

al C

apita

l & R

eser

ves

15.2

9 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l14

.81

Use

of N

arro

w C

apita

l and

Res

erve

sIn

tere

st M

argi

n to

Gro

ss In

com

e (I

8)41

.87

72.1

555

.21

45.3

339

.00

62.0

764

.59

66.9

5N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

58.4

471

.93

45.1

072

.63

59.4

853

.53

56.3

257

.75

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)9.

8155

.52

5.70

12.4

75.

97 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

5.70

5.97

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s9.

8155

.52

12.4

7Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)22

.50

96.0

515

.56

39.0

79.

53 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

15.5

69.

53 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

22.5

096

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39.0

7S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

0.00

-5.5

324

9.97

0.87

0.86

3.01

Use

of T

otal

Cap

ital &

Res

erve

s0.

00-5

.53

249.

970.

870.

86 U

se o

f Tot

al R

egul

ator

y C

apita

l3.

01 U

se o

f Tie

r 1 C

apita

l

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

Tabl

e 2.

c. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

BS

Con

solid

atio

n B

asis

(In p

erce

nt)

OTH

ER

O

ther

con

solid

atio

n ba

ses.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an

one

cons

olid

atio

n ba

sis.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

DC

CB

S

37

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Icel

and

Indi

aIs

rael

Kor

eaN

ethe

rland

sPh

ilipp

ines

Port

ugal

Sing

apor

e

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.58

12.6

810

.74

12.6

912

.61

16.1

211

.38

15.8

2R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)10

.31

9.00

7.14

9.24

10.3

213

.56

6.89

11.3

5N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

2.64

13.0

527

.14

16.3

612

.36

Use

of T

otal

Cap

ital &

Res

erve

s2.

6427

.14

16.3

612

.36

Use

of T

otal

Reg

ulat

ory

Cap

ital

13.0

5 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

0.27

4.40

2.33

8.61

2.92

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)2.

830.

871.

100.

490.

680.

931.

43 U

se o

f Net

Inco

me

Bef

ore

Taxe

s2.

831.

100.

931.

43 U

se o

f Net

Inco

me

Afte

r Tax

es0.

870.

490.

68R

etur

n on

Equ

ity (

I7)

36.4

613

.30

19.3

816

.01

6.83

15.4

513

.75

Use

of N

et In

com

e B

efor

e Ta

xes

36.4

619

.38

15.4

513

.75

Use

of T

otal

Cap

ital &

Res

erve

s36

.46

19.3

815

.45

13.7

5 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Net

Inco

me

Afte

r Tax

es13

.30

16.0

16.

83 U

se o

f Tot

al C

apita

l & R

eser

ves

13.3

016

.01

6.83

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

sIn

tere

st M

argi

n to

Gro

ss In

com

e (I

8)38

.48

67.7

562

.50

54.0

847

.09

50.8

758

.86

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)37

.24

53.2

061

.63

67.7

274

.22

59.9

241

.41

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)1.

3411

.92

25.6

827

.17

14.0

64.

23 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

1.34

11.9

24.

23 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

25.6

827

.17

14.0

6Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)2.

6931

.97

268.

6239

.20

100.

4389

.05

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s2.

6931

.97

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s26

8.62

39.2

010

0.43

89.0

5S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

12.6

21.

50-0

.52

5.01

4.93

0.17

Use

of T

otal

Cap

ital &

Res

erve

s12

.62

-0.5

25.

010.

17 U

se o

f Tot

al R

egul

ator

y C

apita

l1.

504.

93 U

se o

f Tie

r 1 C

apita

l

Tabl

e 2.

c. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

BS

Con

solid

atio

n B

asis

(Con

t.)(In

per

cent

)D

CC

BS

38

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Slov

enia

Spai

nSw

eden

Uni

ted

Kin

gdom

Uni

ted

Stat

esA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)9.

6712

.43

10.0

812

.76

12.7

913

.07

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

6.55

8.01

7.04

8.91

10.6

99.

92N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

0.04

2.40

7.45

5.21

6.45

Use

of T

otal

Cap

ital &

Res

erve

s5.

216.

91 U

se o

f Tot

al R

egul

ator

y C

apita

l0.

042.

407.

455.

52 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

0.79

0.17

0.99

0.70

2.09

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)1.

120.

950.

981.

121.

611.

29 U

se o

f Net

Inco

me

Bef

ore

Taxe

s1.

120.

981.

121.

611.

51 U

se o

f Net

Inco

me

Afte

r Tax

es0.

950.

76R

etur

n on

Equ

ity (

I7)

16.9

916

.93

18.9

317

.32

17.6

819

.27

Use

of N

et In

com

e B

efor

e Ta

xes

16.9

918

.93

17.3

217

.68

21.5

8 U

se o

f Tot

al C

apita

l & R

eser

ves

16.9

917

.68

22.1

6 U

se o

f Tot

al R

egul

ator

y C

apita

l18

.93

17.3

218

.13

Use

of T

ier 1

Cap

ital

Use

of N

et In

com

e A

fter T

axes

16.9

313

.86

Use

of T

otal

Cap

ital &

Res

erve

s12

.86

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

14.8

1 U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

16.9

316

.93

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

48.4

956

.16

54.6

249

.91

62.1

054

.90

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)61

.96

50.9

454

.34

56.7

662

.06

57.8

3Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

32.2

123

.51

8.61

17.0

1 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

23.5

18.

618.

76 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

32.2

125

.27

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

97.8

951

.03

26.8

063

.60

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s51

.03

26.8

022

.93

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s97

.89

94.1

0S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

29.7

07.

442.

6620

.85

Use

of T

otal

Cap

ital &

Res

erve

s29

.27

Use

of T

otal

Reg

ulat

ory

Cap

ital

29.7

07.

442.

668.

21 U

se o

f Tie

r 1 C

apita

l

(In p

erce

nt)

Tabl

e 2.

c. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

BS

Con

solid

atio

n B

asis

(Con

cl.)

DC

CB

S

39

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Bel

gium

Bra

zil

Chi

leC

ypru

sFr

ance

Hon

g K

ong

SAR

Hun

gary

Irela

nd

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)11

.43

17.8

912

.95

13.3

911

.41

14.8

612

.28

12.4

4R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)8.

4115

.11

9.97

10.1

58.

2513

.30

11.0

99.

39N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

15.0

5-8

.61

-7.2

08.

664.

15 U

se o

f Tot

al C

apita

l & R

eser

ves

-8.6

1-7

.20

8.66

Use

of T

otal

Reg

ulat

ory

Cap

ital

15.0

5 U

se o

f Tie

r 1 C

apita

l4.

15A

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

2.27

4.33

0.90

3.54

0.68

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)0.

522.

451.

240.

502.

270.

84 U

se o

f Net

Inco

me

Bef

ore

Taxe

s2.

452.

270.

84 U

se o

f Net

Inco

me

Afte

r Tax

es0.

521.

240.

50R

etur

n on

Equ

ity (

I7)

19.2

027

.66

17.3

014

.36

29.7

719

.95

Use

of N

et In

com

e B

efor

e Ta

xes

27.6

629

.77

19.9

5 U

se o

f Tot

al C

apita

l & R

eser

ves

27.6

6 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l29

.77

19.9

5 U

se o

f Net

Inco

me

Afte

r Tax

es19

.20

17.3

014

.36

Use

of T

otal

Cap

ital &

Res

erve

s19

.20

17.3

014

.36

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

sIn

tere

st M

argi

n to

Gro

ss In

com

e (I

8)49

.28

55.3

268

.11

32.3

966

.29

62.3

7N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

71.1

546

.15

61.3

364

.31

58.0

246

.62

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)30

.75

54.5

520

.93

19.9

434

.15

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

30.7

554

.55

20.9

319

.94

34.1

5Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)58

.16

99.3

615

0.20

30.5

840

.12

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

58.1

699

.36

150.

2030

.58

40.1

2S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

3.67

-0.9

53.

91 U

se o

f Tot

al C

apita

l & R

eser

ves

-0.9

5 U

se o

f Tot

al R

egul

ator

y C

apita

l3.

67 U

se o

f Tie

r 1 C

apita

l3.

91

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

CB

CSD

I

OTH

ER

O

ther

con

solid

atio

n ba

ses.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an

one

cons

olid

atio

n ba

sis.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

Tabl

e 2.

d. C

ore

FSIs

for C

ount

ries

Usi

ng th

e C

BC

SDI C

onso

lidat

ion

Bas

is(In

per

cent

)

40

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Italy

Jord

anLa

tvia

Leba

non

Lith

uani

aLu

xem

bour

gM

exic

oPo

rtug

alA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)9.

9718

.46

10.0

022

.66

9.82

15.4

714

.44

11.3

213

.67

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

7.32

16.6

08.

6819

.95

8.08

12.8

913

.44

7.10

11.2

3N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

36.5

50.

571.

396.

32 U

se o

f Tot

al C

apita

l & R

eser

ves

0.57

-1.6

5 U

se o

f Tot

al R

egul

ator

y C

apita

l36

.55

1.39

17.6

7 U

se o

f Tie

r 1 C

apita

l4.

15A

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

7.25

4.78

0.18

2.99

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)0.

742.

072.

061.

300.

730.

971.

31 U

se o

f Net

Inco

me

Bef

ore

Taxe

s1.

300.

730.

971.

43 U

se o

f Net

Inco

me

Afte

r Tax

es0.

742.

072.

061.

19R

etur

n on

Equ

ity (

I7)

13.9

917

.15

25.1

215

.97

17.0

415

.84

19.4

4 U

se o

f Net

Inco

me

Bef

ore

Taxe

s15

.97

17.0

415

.84

21.0

4 U

se o

f Tot

al C

apita

l & R

eser

ves

15.9

715

.84

19.8

2 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l17

.04

22.2

5 U

se o

f Net

Inco

me

Afte

r Tax

es13

.99

17.1

525

.12

17.8

5 U

se o

f Tot

al C

apita

l & R

eser

ves

17.1

525

.12

18.6

2 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

13.9

913

.99

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

49.8

051

.72

50.9

250

.92

25.1

451

.84

51.1

7N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

60.5

245

.17

57.6

468

.34

53.0

158

.50

57.5

6Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

4.76

23.0

515

.34

25.4

3 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

4.76

23.0

513

.91

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s15

.34

29.2

8Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)9.

4229

.55

99.0

264

.55

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s9.

4229

.55

19.4

9 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

99.0

279

.57

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)3.

501.

914.

712.

79 U

se o

f Tot

al C

apita

l & R

eser

ves

-0.9

5 U

se o

f Tot

al R

egul

ator

y C

apita

l3.

501.

914.

713.

45 U

se o

f Tie

r 1 C

apita

l3.

91

CB

CSD

I

Tabl

e 2.

d. C

ore

FSIs

for C

ount

ries

Usi

ng th

e C

BC

SDI C

onso

lidat

ion

Bas

is (c

oncl

.)(In

per

cent

)

41

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Aus

tral

iaA

ustr

iaC

zech

Rep

.G

erm

any

Gre

ece

Latv

iaLu

xem

bour

g

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)11

.28

11.5

812

.15

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

7.56

11.1

07.

96N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

4.39

15.1

312

.49

34.9

716

.73

Use

of T

otal

Cap

ital &

Res

erve

s34

.97

Use

of T

otal

Reg

ulat

ory

Cap

ital

4.39

12.4

916

.73

Use

of T

ier 1

Cap

ital

15.1

3A

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

0.61

2.59

2.83

4.05

6.96

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)1.

411.

730.

48 U

se o

f Net

Inco

me

Bef

ore

Taxe

s1.

411.

730.

48 U

se o

f Net

Inco

me

Afte

r Tax

esR

etur

n on

Equ

ity (

I7)

21.6

432

.14

13.8

6 U

se o

f Net

Inco

me

Bef

ore

Taxe

s21

.64

32.1

413

.86

Use

of T

otal

Cap

ital &

Res

erve

s21

.64

13.8

6 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l32

.14

Use

of N

et In

com

e A

fter T

axes

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

50.5

351

.83

68.3

1N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

52.8

950

.11

60.9

9Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

13.1

427

.38

32.1

253

.26

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

13.1

427

.38

32.1

253

.26

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

25.0

968

.02

87.7

212

1.97

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

25.0

968

.02

87.7

212

1.97

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)0.

853.

25-0

.08

6.87

3.27

-7.8

0 U

se o

f Tot

al C

apita

l & R

eser

ves

0.85

3.27

Use

of T

otal

Reg

ulat

ory

Cap

ital

3.25

6.87

-7.8

0 U

se o

f Tie

r 1 C

apita

l-0

.08

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.2/ D

ata

on o

ther

con

solid

atio

n ba

ses

are

likel

y no

t to

be c

ompa

rabl

e ac

ross

cou

ntrie

s if

cons

olid

atio

n ba

ses

clas

sifie

d as

oth

er a

re n

ot th

e sa

me.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

Tabl

e 2.

e. C

ore

FSIs

for C

ount

ries

Usi

ng th

e O

ther

Con

solid

atio

n B

ases

2/

(In p

erce

nt)

OTH

ER

O

ther

con

solid

atio

n ba

ses.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an

one

cons

olid

atio

n ba

sis.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

OTH

ER

42

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Port

ugal

Port

ugal

Rus

sia

Switz

erla

ndTu

rkey

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)15

.98

12.4

222

.43

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

11.4

413

.04

22.8

3N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

5.03

4.10

4.97

-0.9

91.

71 U

se o

f Tot

al C

apita

l & R

eser

ves

-0.9

9 U

se o

f Tot

al R

egul

ator

y C

apita

l5.

034.

104.

971.

71 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

1.63

1.58

2.62

0.52

3.92

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)3.

350.

932.

28 U

se o

f Net

Inco

me

Bef

ore

Taxe

s3.

350.

932.

28 U

se o

f Net

Inco

me

Afte

r Tax

esR

etur

n on

Equ

ity (

I7)

24.1

317

.99

17.8

0 U

se o

f Net

Inco

me

Bef

ore

Taxe

s24

.13

17.9

917

.80

Use

of T

otal

Cap

ital &

Res

erve

s17

.80

Use

of T

otal

Reg

ulat

ory

Cap

ital

24.1

3 U

se o

f Tie

r 1 C

apita

l17

.99

Use

of N

et In

com

e A

fter T

axes

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

46.5

630

.88

59.9

2N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

59.9

959

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50.0

9Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

28.4

511

.39

46.9

9 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s28

.45

11.3

946

.99

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

73.6

127

.42

75.2

2 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s73

.61

27.4

275

.22

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)-0

.17

30.5

9-0

.17

Use

of T

otal

Cap

ital &

Res

erve

s-0

.17

Use

of T

otal

Reg

ulat

ory

Cap

ital

-0.1

7 U

se o

f Tie

r 1 C

apita

l30

.59

Tabl

e 2.

e. C

ore

FSIs

for C

ount

ries

Usi

ng th

e O

ther

Con

solid

atio

n B

ases

(Con

cl.)

2/

(In p

erce

nt)

OTH

ER

43

Tabl

e 3.

a. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

B C

onso

lidat

ion

Bas

is

with

Ful

l Ado

ptio

n of

the

Inte

rnat

iona

l Fin

anci

al R

epor

ting

Stan

dard

(IFR

S)(In

per

cent

)

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Cyp

rus

Mal

aysi

aM

alta

Ave

rage

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.36

13.7

317

.31

14.4

7R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)9.

9810

.83

14.1

211

.64

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)34

.82

49.3

742

.09

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l34

.82

49.3

742

.09

Use

of T

ier 1

Cap

ital

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)7.

0812

.01

9.55

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)0.

761.

351.

06 U

se o

f Net

Inco

me

Bef

ore

Taxe

s0.

761.

351.

06 U

se o

f Net

Inco

me

Afte

r Tax

esR

etur

n on

Equ

ity (

I7)

14.1

416

.92

15.5

3 U

se o

f Net

Inco

me

Bef

ore

Taxe

s14

.14

16.9

215

.53

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l16

.92

16.9

2 U

se o

f Tie

r 1 C

apita

l14

.14

14.1

4 U

se o

f Net

Inco

me

Afte

r Tax

es U

se o

f Tot

al C

apita

l & R

eser

ves

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

sIn

tere

st M

argi

n to

Gro

ss In

com

e (I

8)66

.21

68.1

067

.15

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)59

.06

45.9

152

.49

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)29

.48

26.7

728

.13

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s29

.48

29.4

8 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

26.7

726

.77

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

34.8

954

.14

44.5

1 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

34.8

934

.89

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s54

.14

54.1

4S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

1.96

4.35

3.15

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l4.

354.

35 U

se o

f Tie

r 1 C

apita

l1.

961.

96

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r con

solid

atio

n ba

sis.

DC

CB

S

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

DC

CB

CB

CS

DI

C

ross

bor

der a

nd c

ross

sec

tor c

onso

lidat

ion

basi

s fo

r all

dom

estic

ally

inco

rpor

ated

ent

ities

.

OTH

ER

Oth

er c

onso

lidat

ion

base

s.O

THE

R re

fers

to c

onso

lidat

ion

base

s ot

her t

han

CB

CS

DI,

DC

, DC

CB

, or D

CC

BS

. O

THE

R a

lso

incl

udes

the

cons

olid

atio

n ba

sis

of a

FS

I com

pile

d w

ith th

e un

derly

ing

data

cal

cula

ted

usin

g m

ore

than

on

e co

nsol

idat

ion

basi

s.

44

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Bul

garia

Cro

atia

Cyp

rus

Hon

g K

ong

SAR

Jord

anLi

thua

nia

Mal

aysi

a

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)15

.33

14.6

517

.60

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

12.5

313

.05

17.1

8N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

2.92

17.6

028

.68

5.00

5.08

5.68

50.6

8 U

se o

f Tot

al C

apita

l & R

eser

ves

5.00

5.08

5.68

50.6

8 U

se o

f Tot

al R

egul

ator

y C

apita

l2.

9228

.68

Use

of T

ier 1

Cap

ital

17.6

0A

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

2.23

6.16

7.51

1.35

6.56

0.60

9.40

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)2.

011.

640.

761.

141.

951.

05 U

se o

f Net

Inco

me

Bef

ore

Taxe

s1.

640.

761.

141.

05 U

se o

f Net

Inco

me

Afte

r Tax

es2.

011.

95R

etur

n on

Equ

ity (

I7)

21.3

920

.21

11.4

519

.07

20.8

614

.12

Use

of N

et In

com

e B

efor

e Ta

xes

20.2

111

.45

19.0

714

.12

Use

of T

otal

Cap

ital &

Res

erve

s19

.07

14.1

2 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l20

.21

11.4

5 U

se o

f Net

Inco

me

Afte

r Tax

es21

.39

20.8

6 U

se o

f Tot

al C

apita

l & R

eser

ves

21.3

920

.86

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

sIn

tere

st M

argi

n to

Gro

ss In

com

e (I

8)68

.36

58.8

862

.61

49.5

956

.38

51.4

0N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

55.2

763

.08

56.3

749

.62

37.5

745

.28

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)28

.65

11.3

634

.19

28.9

649

.16

17.9

0 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

11.3

634

.19

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s28

.65

28.9

649

.16

17.9

0Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)45

.96

16.8

251

.12

57.2

564

.48

19.3

4 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

16.8

251

.12

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s45

.96

57.2

564

.48

19.3

4S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

2.33

7.96

0.48

1.37

Use

of T

otal

Cap

ital &

Res

erve

s0.

481.

37 U

se o

f Tot

al R

egul

ator

y C

apita

l2.

33 U

se o

f Tie

r 1 C

apita

l7.

96

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r con

solid

atio

n ba

sis.

DC

CB

S

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

Tabl

e 3.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

isw

ith F

ull A

dopt

ion

of th

e In

tern

atio

nal F

inan

cial

Rep

ortin

g St

anda

rd (I

FRS)

(In p

erce

nt)

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne c

onso

lidat

ion

basi

s.

DC

CB

CS

DI

C

ross

bor

der a

nd c

ross

sec

tor c

onso

lidat

ion

basi

s fo

r all

dom

estic

ally

inco

rpor

ated

ent

ities

.

OTH

ER

Oth

er c

onso

lidat

ion

base

s.

45

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Mal

taM

exic

oSp

ain

Sout

h A

fric

aA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)20

.36

12.7

216

.13

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

17.6

08.

4513

.76

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)20

.24

-11.

856.

4213

.05

Use

of T

otal

Cap

ital &

Res

erve

s-1

1.85

10.9

2 U

se o

f Tot

al R

egul

ator

y C

apita

l20

.24

6.42

14.5

7 U

se o

f Tie

r 1 C

apita

l17

.60

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)3.

922.

080.

651.

493.

81E

arni

ngs

and

Pro

fitab

ility

:R

etur

n on

Ass

ets

(I6)

1.42

2.68

0.71

1.55

1.49

Use

of N

et In

com

e B

efor

e Ta

xes

1.42

2.68

1.45

Use

of N

et In

com

e A

fter T

axes

0.71

1.55

1.56

Ret

urn

on E

quity

(I7

)20

.82

24.4

311

.85

20.0

918

.43

Use

of N

et In

com

e B

efor

e Ta

xes

20.8

224

.43

18.3

5 U

se o

f Tot

al C

apita

l & R

eser

ves

24.4

319

.21

Use

of T

otal

Reg

ulat

ory

Cap

ital

20.8

220

.82

Use

of T

ier 1

Cap

ital

15.8

3 U

se o

f Net

Inco

me

Afte

r Tax

es11

.85

20.0

918

.55

Use

of T

otal

Cap

ital &

Res

erve

s21

.13

Use

of T

otal

Reg

ulat

ory

Cap

ital

20.0

920

.09

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

s11

.85

11.8

5In

tere

st M

argi

n to

Gro

ss In

com

e (I

8)44

.74

61.5

656

.65

38.1

854

.83

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)38

.42

58.6

652

.15

61.6

251

.80

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)13

.92

28.8

134

.86

4.84

25.2

7 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

22.7

8 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

13.9

228

.81

34.8

64.

8425

.89

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

58.3

011

1.03

83.5

27.

0151

.48

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s33

.97

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s58

.30

111.

0383

.52

7.01

55.8

6S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

-1.6

0-0

.07

1.15

1.66

Use

of T

otal

Cap

ital &

Res

erve

s-0

.07

0.60

Use

of T

otal

Reg

ulat

ory

Cap

ital

-1.6

01.

150.

63 U

se o

f Tie

r 1 C

apita

l7.

96

Tabl

e 3.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

isw

ith F

ull A

dopt

ion

of th

e In

tern

atio

nal F

inan

cial

Rep

ortin

g St

anda

rd (I

FRS)

(C

oncl

.)(In

per

cent

)D

C

46

Tabl

e 3.

c. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

BS

Con

solid

atio

n B

asis

w

ith F

ull A

dopt

ion

of th

e In

tern

atio

nal F

inan

cial

Rep

ortin

g St

anda

rd (I

FRS)

(In p

erce

nt)

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Icel

and

Port

ugal

Sing

apor

eSp

ain

Swed

enA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.58

11.3

815

.82

12.4

310

.08

12.4

6R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)10

.31

6.89

11.3

58.

017.

048.

72N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

2.64

12.3

60.

042.

404.

36 U

se o

f Tot

al C

apita

l & R

eser

ves

2.64

12.3

67.

50 U

se o

f Tot

al R

egul

ator

y C

apita

l0.

042.

401.

22 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

0.27

2.92

0.79

0.17

1.04

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)2.

830.

931.

430.

950.

981.

42 U

se o

f Net

Inco

me

Bef

ore

Taxe

s2.

830.

931.

430.

981.

54 U

se o

f Net

Inco

me

Afte

r Tax

es0.

950.

95R

etur

n on

Equ

ity (

I7)

36.4

615

.45

13.7

516

.93

18.9

320

.30

Use

of N

et In

com

e B

efor

e Ta

xes

36.4

615

.45

13.7

518

.93

21.1

5 U

se o

f Tot

al C

apita

l & R

eser

ves

36.4

615

.45

13.7

521

.89

Use

of T

otal

Reg

ulat

ory

Cap

ital

18.9

318

.93

Use

of T

ier 1

Cap

ital

Use

of N

et In

com

e A

fter T

axes

16.9

316

.93

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

16.9

316

.93

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

38.4

850

.87

58.8

656

.16

54.6

251

.80

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)37

.24

59.9

241

.41

50.9

454

.34

48.7

7Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

1.34

14.0

64.

2332

.21

23.5

115

.07

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s1.

344.

2323

.51

9.70

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s14

.06

32.2

123

.13

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

2.69

100.

4389

.05

97.8

951

.03

68.2

2 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

2.69

51.0

326

.86

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s10

0.43

89.0

597

.89

95.7

9S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

12.6

24.

930.

177.

442.

665.

56 U

se o

f Tot

al C

apita

l & R

eser

ves

12.6

20.

176.

40 U

se o

f Tot

al R

egul

ator

y C

apita

l4.

937.

442.

665.

01 U

se o

f Tie

r 1 C

apita

l

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r con

solid

atio

n ba

sis.

DC

CB

S

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne c

onso

lidat

ion

basi

s.

DC

CB

S

CB

CS

DI

C

ross

bor

der a

nd c

ross

sec

tor c

onso

lidat

ion

basi

s fo

r all

dom

estic

ally

inco

rpor

ated

ent

ities

.

OTH

ER

Oth

er c

onso

lidat

ion

base

s.

47

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Bra

zil

Cyp

rus

Fran

ceH

ong

Kon

g SA

RIta

lyJo

rdan

Lith

uani

a

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)17

.89

13.3

911

.41

14.8

69.

9718

.46

9.82

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

15.1

110

.15

8.25

13.3

07.

3216

.60

8.08

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)-8

.61

8.66

36.5

50.

57 U

se o

f Tot

al C

apita

l & R

eser

ves

-8.6

18.

660.

57 U

se o

f Tot

al R

egul

ator

y C

apita

l36

.55

Use

of T

ier 1

Cap

ital

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)4.

333.

547.

254.

78E

arni

ngs

and

Pro

fitab

ility

:R

etur

n on

Ass

ets

(I6)

2.45

0.50

0.74

2.07

1.30

Use

of N

et In

com

e B

efor

e Ta

xes

2.45

1.30

Use

of N

et In

com

e A

fter T

axes

0.50

0.74

2.07

Ret

urn

on E

quity

(I7

)27

.66

14.3

613

.99

17.1

515

.97

Use

of N

et In

com

e B

efor

e Ta

xes

27.6

615

.97

Use

of T

otal

Cap

ital &

Res

erve

s27

.66

15.9

7 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Net

Inco

me

Afte

r Tax

es14

.36

13.9

917

.15

Use

of T

otal

Cap

ital &

Res

erve

s14

.36

17.1

5 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

13.9

9In

tere

st M

argi

n to

Gro

ss In

com

e (I

8)55

.32

32.3

949

.80

51.7

250

.92

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)46

.15

64.3

160

.52

45.1

768

.34

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)54

.55

20.9

34.

7623

.05

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s4.

7623

.05

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s54

.55

20.9

3Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)99

.36

150.

209.

4229

.55

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s9.

4229

.55

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s99

.36

150.

20S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

-0.9

53.

913.

501.

91 U

se o

f Tot

al C

apita

l & R

eser

ves

-0.9

5 U

se o

f Tot

al R

egul

ator

y C

apita

l3.

501.

91 U

se o

f Tie

r 1 C

apita

l3.

91

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r con

solid

atio

n ba

sis.

DC

CB

S

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

Tabl

e 3.

d. C

ore

FSIs

for C

ount

ries

Usi

ng th

e C

BC

SDI C

onso

lidat

ion

Bas

is

with

Ful

l Ado

ptio

n of

the

Inte

rnat

iona

l Fin

anci

al R

epor

ting

Stan

dard

(IFR

S)(In

per

cent

)

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an

one

cons

olid

atio

n ba

sis.

CB

CS

DI

C

ross

bor

der a

nd c

ross

sec

tor c

onso

lidat

ion

basi

s fo

r all

dom

estic

ally

inco

rpor

ated

ent

ities

.

OTH

ER

Oth

er c

onso

lidat

ion

base

s.

CB

CSD

I

48

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Mex

ico

Port

ugal

Ave

rage

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)14

.44

11.3

213

.51

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

13.4

47.

1011

.04

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)9.

29 U

se o

f Tot

al C

apita

l & R

eser

ves

0.21

Use

of T

otal

Reg

ulat

ory

Cap

ital

36.5

5 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

4.97

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)0.

971.

34 U

se o

f Net

Inco

me

Bef

ore

Taxe

s0.

971.

58 U

se o

f Net

Inco

me

Afte

r Tax

es1.

10R

etur

n on

Equ

ity (

I7)

15.8

417

.49

Use

of N

et In

com

e B

efor

e Ta

xes

15.8

419

.82

Use

of T

otal

Cap

ital &

Res

erve

s15

.84

19.8

2 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Net

Inco

me

Afte

r Tax

es15

.16

Use

of T

otal

Cap

ital &

Res

erve

s15

.75

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

s13

.99

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

51.8

448

.67

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)58

.50

57.1

7Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

15.3

423

.73

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s13

.91

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s15

.34

30.2

7Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)99

.02

77.5

1 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

19.4

9 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

99.0

211

6.19

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)4.

712.

62 U

se o

f Tot

al C

apita

l & R

eser

ves

-0.9

5 U

se o

f Tot

al R

egul

ator

y C

apita

l4.

713.

37 U

se o

f Tie

r 1 C

apita

l

Tabl

e 3.

d. C

ore

FSIs

for C

ount

ries

Usi

ng th

e C

BC

SDI C

onso

lidat

ion

Bas

is

with

Ful

l Ado

ptio

n of

the

Inte

rnat

iona

l Fin

anci

al R

epor

ting

Stan

dard

(IFR

S) (

Con

cl.)

(In p

erce

nt)

CB

CSD

I

49

Tabl

e 4.

a. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

B C

onso

lidat

ion

Bas

is

with

Ful

l Ado

ptio

n of

the

Inte

rnat

iona

l Fin

anci

al R

epor

ting

Stan

dard

(IFR

S) a

nd F

ull I

ntra

-Gro

up C

onso

lidat

ion

(In p

erce

nt)

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Cyp

rus

Mal

aysi

aM

alta

Ave

rage

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.36

13.7

317

.31

14.4

7R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)9.

9810

.83

14.1

211

.64

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)34

.82

49.3

742

.09

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l34

.82

49.3

742

.09

Use

of T

ier 1

Cap

ital

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)7.

0812

.01

9.55

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)0.

761.

351.

06 U

se o

f Net

Inco

me

Bef

ore

Taxe

s0.

761.

351.

06 U

se o

f Net

Inco

me

Afte

r Tax

esR

etur

n on

Equ

ity (

I7)

14.1

416

.92

15.5

3 U

se o

f Net

Inco

me

Bef

ore

Taxe

s14

.14

16.9

215

.53

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l16

.92

16.9

2 U

se o

f Tie

r 1 C

apita

l14

.14

14.1

4 U

se o

f Net

Inco

me

Afte

r Tax

es U

se o

f Tot

al C

apita

l & R

eser

ves

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

sIn

tere

st M

argi

n to

Gro

ss In

com

e (I

8)66

.21

68.1

067

.15

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)59

.06

45.9

152

.49

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)29

.48

26.7

728

.13

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s29

.48

29.4

8 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

26.7

726

.77

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

34.8

954

.14

44.5

1 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

34.8

934

.89

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s54

.14

54.1

4S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

1.96

4.35

3.15

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l4.

354.

35 U

se o

f Tie

r 1 C

apita

l1.

961.

96

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.O

THE

R

Oth

er c

onso

lidat

ion

base

s.O

THE

R re

fers

to c

onso

lidat

ion

base

s ot

her t

han

CB

CS

DI,

DC

, DC

CB

, or D

CC

BS

. O

THE

R a

lso

incl

udes

th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne

cons

olid

atio

n ba

sis.

DC

CB

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

50

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Bul

garia

Cro

atia

Cyp

rus

Jord

anM

alay

sia

Mal

taM

exic

oSp

ain

Ave

rage

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)15

.33

14.6

517

.60

20.3

616

.98

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

12.5

317

.18

17.6

015

.77

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)2.

9228

.68

5.08

50.6

820

.24

-11.

8515

.96

Use

of T

otal

Cap

ital &

Res

erve

s5.

0850

.68

-11.

8514

.64

Use

of T

otal

Reg

ulat

ory

Cap

ital

2.92

28.6

820

.24

17.2

8 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

2.23

7.51

6.56

9.40

3.92

2.08

0.65

4.62

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)2.

010.

761.

951.

051.

422.

680.

711.

51 U

se o

f Net

Inco

me

Bef

ore

Taxe

s0.

761.

051.

422.

681.

48 U

se o

f Net

Inco

me

Afte

r Tax

es2.

011.

950.

711.

56R

etur

n on

Equ

ity (

I7)

21.3

911

.45

20.8

614

.12

20.8

224

.43

11.8

517

.85

Use

of N

et In

com

e B

efor

e Ta

xes

11.4

514

.12

20.8

224

.43

17.7

0 U

se o

f Tot

al C

apita

l & R

eser

ves

14.1

224

.43

19.2

8 U

se o

f Tot

al R

egul

ator

y C

apita

l20

.82

20.8

2 U

se o

f Tie

r 1 C

apita

l11

.45

11.4

5 U

se o

f Net

Inco

me

Afte

r Tax

es21

.39

20.8

611

.85

18.0

3 U

se o

f Tot

al C

apita

l & R

eser

ves

21.3

920

.86

21.1

3 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

11.8

511

.85

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

68.3

662

.61

56.3

851

.40

44.7

461

.56

56.6

557

.38

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)55

.27

56.3

737

.57

45.2

838

.42

58.6

652

.15

49.1

0Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

28.6

534

.19

49.1

617

.90

13.9

228

.81

34.8

629

.64

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s34

.19

34.1

9 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

28.6

549

.16

17.9

013

.92

28.8

134

.86

28.8

8Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)45

.96

51.1

264

.48

19.3

458

.30

111.

0383

.52

61.9

6 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

51.1

251

.12

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s45

.96

64.4

819

.34

58.3

011

1.03

83.5

263

.77

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)2.

330.

481.

37-1

.60

-0.0

70.

50 U

se o

f Tot

al C

apita

l & R

eser

ves

0.48

1.37

-0.0

70.

60 U

se o

f Tot

al R

egul

ator

y C

apita

l2.

33-1

.60

0.37

Use

of T

ier 1

Cap

ital

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

Tabl

e 4.

b. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

C C

onso

lidat

ion

Bas

isw

ith F

ull A

dopt

ion

of th

e In

tern

atio

nal F

inan

cial

Rep

ortin

g St

anda

rd (I

FRS)

and

Ful

l Int

ra-G

roup

Con

solid

atio

n

DC

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

OTH

ER

O

ther

con

solid

atio

n ba

ses.

(In p

erce

nt)

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne c

onso

lidat

ion

basi

s.

51

Tabl

e 4.

c. C

ore

FSIs

for C

ount

ries

Usi

ng th

e D

CC

BS

Con

solid

atio

n B

asis

with

Ful

l Ado

ptio

n of

the

Inte

rnat

iona

l Fin

anci

al R

epor

ting

Stan

dard

(IFR

S) a

nd F

ull I

ntra

-Gro

up C

onso

lidat

ion

(In p

erce

nt)

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Icel

and

Port

ugal

Sing

apor

eSp

ain

Swed

enA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)12

.58

11.3

815

.82

12.4

310

.08

12.4

6R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)10

.31

6.89

11.3

58.

017.

048.

72N

on-p

erfo

rmin

g Lo

ans

Net

of P

rovi

sion

s to

Cap

ital

(I3)

2.64

12.3

60.

042.

404.

36 U

se o

f Tot

al C

apita

l & R

eser

ves

2.64

12.3

67.

50 U

se o

f Tot

al R

egul

ator

y C

apita

l0.

042.

401.

22 U

se o

f Tie

r 1 C

apita

lA

sset

Qua

lity:

Non

-per

form

ing

Loan

s to

Tot

al G

ross

Loa

ns (

I4)

0.27

2.92

0.79

0.17

1.04

Ear

ning

s an

d P

rofit

abili

ty:

Ret

urn

on A

sset

s (I

6)2.

830.

931.

430.

950.

981.

42 U

se o

f Net

Inco

me

Bef

ore

Taxe

s2.

830.

931.

430.

981.

54 U

se o

f Net

Inco

me

Afte

r Tax

es0.

950.

95R

etur

n on

Equ

ity (

I7)

36.4

615

.45

13.7

516

.93

18.9

320

.30

Use

of N

et In

com

e B

efor

e Ta

xes

36.4

615

.45

13.7

518

.93

21.1

5 U

se o

f Tot

al C

apita

l & R

eser

ves

36.4

615

.45

13.7

521

.89

Use

of T

otal

Reg

ulat

ory

Cap

ital

18.9

318

.93

Use

of T

ier 1

Cap

ital

Use

of N

et In

com

e A

fter T

axes

16.9

316

.93

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

16.9

316

.93

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

38.4

850

.87

58.8

656

.16

54.6

251

.80

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)37

.24

59.9

241

.41

50.9

454

.34

48.7

7Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

1.34

14.0

64.

2332

.21

23.5

115

.07

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s1.

344.

2323

.51

9.70

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s14

.06

32.2

123

.13

Liqu

id A

sset

s to

Sho

rt-Te

rm L

iabi

litie

s (I

11)

2.69

100.

4389

.05

97.8

951

.03

68.2

2 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

2.69

51.0

326

.86

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s10

0.43

89.0

597

.89

95.7

9S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12 )

12.6

24.

930.

177.

442.

665.

56 U

se o

f Tot

al C

apita

l & R

eser

ves

12.6

20.

176.

40 U

se o

f Tot

al R

egul

ator

y C

apita

l4.

937.

442.

665.

01 U

se o

f Tie

r 1 C

apita

l

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

DC

CB

S

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

OTH

ER

O

ther

con

solid

atio

n ba

ses.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an

one

cons

olid

atio

n ba

sis.

52

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Cyp

rus

Fran

ceH

ong

Kon

g SA

RIta

lyJo

rdan

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)13

.39

11.4

114

.86

9.97

18.4

6R

egul

ator

y Ti

er 1

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

2)10

.15

8.25

13.3

07.

3216

.60

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)8.

6636

.55

0.57

Use

of T

otal

Cap

ital &

Res

erve

s8.

660.

57 U

se o

f Tot

al R

egul

ator

y C

apita

l36

.55

Use

of T

ier 1

Cap

ital

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)3.

547.

254.

78E

arni

ngs

and

Pro

fitab

ility

:R

etur

n on

Ass

ets

(I6)

0.50

0.74

2.07

Use

of N

et In

com

e B

efor

e Ta

xes

Use

of N

et In

com

e A

fter T

axes

0.50

0.74

2.07

Ret

urn

on E

quity

(I7

)14

.36

13.9

917

.15

Use

of N

et In

com

e B

efor

e Ta

xes

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Net

Inco

me

Afte

r Tax

es14

.36

13.9

917

.15

Use

of T

otal

Cap

ital &

Res

erve

s14

.36

17.1

5 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Nar

row

Cap

ital a

nd R

eser

ves

13.9

9In

tere

st M

argi

n to

Gro

ss In

com

e (I

8)32

.39

49.8

051

.72

Non

-inte

rest

Exp

ense

s to

Gro

ss In

com

e (I

9)64

.31

60.5

245

.17

Liqu

idity

:Li

quid

Ass

ets

to T

otal

Ass

ets

(I10

)20

.93

4.76

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s4.

76 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

20.9

3Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)15

0.20

9.42

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s9.

42 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

150.

20S

ensi

tivity

to M

arke

t Ris

ks:

Net

Ope

n P

ositi

on in

For

ex to

Cap

ital

(I12)

3.91

3.50

Use

of T

otal

Cap

ital &

Res

erve

s U

se o

f Tot

al R

egul

ator

y C

apita

l3.

50 U

se o

f Tie

r 1 C

apita

l3.

91

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.

DC

Dom

estic

con

solid

atio

n ba

sis.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

OTH

ER

O

ther

con

solid

atio

n ba

ses.

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an

one

cons

olid

atio

n ba

sis.

CB

CSD

I

Tabl

e 4.

d. C

ore

FSIs

for C

ount

ries

Usi

ng th

e C

BC

SDI C

onso

lidat

ion

Bas

isw

ith F

ull A

dopt

ion

of th

e In

tern

atio

nal F

inan

cial

Rep

ortin

g St

anda

rd (I

FRS)

and

Ful

l Int

ra-G

roup

Con

solid

atio

n(In

per

cent

)

53

CO

UN

TRIE

S

IND

ICA

TOR

S 1/

Lith

uani

aM

exic

oPo

rtug

alA

vera

ge

Cap

ital A

dequ

acy:

Reg

ulat

ory

Cap

ital t

o R

isk

Wei

ghte

d A

sset

s (I

1)9.

8214

.44

11.3

212

.96

Reg

ulat

ory

Tier

1 C

apita

l to

Ris

k W

eigh

ted

Ass

ets

(I2)

8.08

13.4

47.

1010

.53

Non

-per

form

ing

Loan

s N

et o

f Pro

visi

ons

to C

apita

l (I3

)15

.26

Use

of T

otal

Cap

ital &

Res

erve

s4.

62 U

se o

f Tot

al R

egul

ator

y C

apita

l36

.55

Use

of T

ier 1

Cap

ital

Ass

et Q

ualit

y:N

on-p

erfo

rmin

g Lo

ans

to T

otal

Gro

ss L

oans

(I4

)5.

19E

arni

ngs

and

Pro

fitab

ility

:R

etur

n on

Ass

ets

(I6)

1.30

0.97

1.12

Use

of N

et In

com

e B

efor

e Ta

xes

1.30

0.97

1.14

Use

of N

et In

com

e A

fter T

axes

1.10

Ret

urn

on E

quity

(I7

)15

.97

15.8

415

.46

Use

of N

et In

com

e B

efor

e Ta

xes

15.9

715

.84

15.9

1 U

se o

f Tot

al C

apita

l & R

eser

ves

15.9

715

.84

15.9

1 U

se o

f Tot

al R

egul

ator

y C

apita

l U

se o

f Tie

r 1 C

apita

l U

se o

f Net

Inco

me

Afte

r Tax

es15

.16

Use

of T

otal

Cap

ital &

Res

erve

s15

.75

Use

of T

otal

Reg

ulat

ory

Cap

ital

Use

of T

ier 1

Cap

ital

Use

of N

arro

w C

apita

l and

Res

erve

s13

.99

Inte

rest

Mar

gin

to G

ross

Inco

me

(I8)

50.9

251

.84

47.3

3N

on-in

tere

st E

xpen

ses

to G

ross

Inco

me

(I9)

68.3

458

.50

59.3

7Li

quid

ity:

Liqu

id A

sset

s to

Tot

al A

sset

s (I

10)

23.0

515

.34

16.0

2 U

se o

f Cor

e M

easu

re o

f Liq

uid

Ass

ets

23.0

513

.91

Use

of B

road

Mea

sure

of L

iqui

d A

sset

s15

.34

18.1

4Li

quid

Ass

ets

to S

hort-

Term

Lia

bilit

ies

(I11

)29

.55

99.0

272

.05

Use

of C

ore

Mea

sure

of L

iqui

d A

sset

s29

.55

19.4

9 U

se o

f Bro

ad M

easu

re o

f Liq

uid

Ass

ets

99.0

212

4.61

Sen

sitiv

ity to

Mar

ket R

isks

:N

et O

pen

Pos

ition

in F

orex

to C

apita

l (I1

2)1.

914.

713.

51 U

se o

f Tot

al C

apita

l & R

eser

ves

Use

of T

otal

Reg

ulat

ory

Cap

ital

1.91

4.71

3.37

Use

of T

ier 1

Cap

ital

3.91

CB

CSD

I

Tabl

e 4.

d. C

ore

FSIs

for C

ount

ries

Usi

ng th

e C

BC

SDI C

onso

lidat

ion

Bas

isw

ith F

ull A

dopt

ion

of th

e In

tern

atio

nal F

inan

cial

Rep

ortin

g St

anda

rd (I

FRS)

and

Ful

l Int

ra-G

roup

Con

solid

atio

n (

Con

cl.)

(In p

erce

nt)

54

Dep

osit

Take

rs:

Cor

e S

et N

umbe

r of I

ndic

ator

s69

717

4317

10

775

Per

cent

age

89.9

2.2

5.5

2.2

0.1

0.0

100

Enc

oura

ged

Set

Num

ber o

f Ind

icat

ors

470

2573

81

157

8 P

erce

ntag

e81

.34.

312

.61.

40.

20.

210

0E

ncou

rage

d FS

Is fo

r Oth

er F

inan

cial

Cor

pora

tions

: N

umbe

r of I

ndic

ator

s10

254

414

461

Per

cent

age

16.4

41.0

6.6

6.6

23.0

6.6

100

Enc

oura

ged

FSIs

for N

on-F

inan

cial

Cor

pora

tions

: N

umbe

r of I

ndic

ator

s0

2430

00

458

Per

cent

age

0.0

41.4

51.7

0.0

0.0

6.9

100

Tot

al N

umbe

r of I

ndic

ator

s 2/

1177

9115

029

169

1472

Perc

enta

ge80

.06.

210

.22.

01.

10.

610

0S

ourc

e: C

CE

.1/ S

: Sup

ervi

sory

dat

a; N

: Nat

iona

l Acc

ount

s da

ta; O

: Oth

er d

ata;

S/O

: Sup

ervi

sory

and

Oth

er d

ata;

S/N

: Sup

ervi

sory

and

Nat

iona

l Acc

ount

s da

ta;

N

/O: N

atio

nal A

ccou

nts

and

Oth

er d

ata.

2/ T

otal

num

ber o

f ind

icat

ors

subm

itted

by

all C

CE

par

ticip

atin

g co

untri

es th

at m

eet g

iven

crit

eria

.

Tabl

e 5.

a. D

ata

Sour

ces

by In

dica

tor

Dat

a So

urce

s 1/

Indi

cato

rs

SN

OS/

OS/

NN

/OTo

tal 2/

55

640

10

00

(98.

5)(0

.0)

(1.5

)(0

.0)

(0.0

)(0

.0)

630

10

00

(98.

4)(0

.0)

(1.6

)(0

.0)

(0.0

)(0

.0)

601

12

00

(93.

8)(1

.6)

(1.6

)(3

.1)

(0.0

)(0

.0)

611

12

00

(93.

8)(1

.5)

(1.5

)(3

.1)

(0.0

)(0

.0)

395

131

10

(66.

1)(8

.5)

(22.

0)(1

.7)

(1.7

)(0

.0)

611

51

00

(89.

7)(1

.5)

(7.4

)(1

.5)

(0.0

)(0

.0)

611

33

00

(89.

7)(1

.5)

(4.4

)(4

.4)

(0.0

)(0

.0)

611

51

00

(89.

7)(1

.5)

(7.4

)(1

.5)

(0.0

)(0

.0)

611

51

00

(89.

7)(1

.5)

(7.4

)(1

.5)

(0.0

)(0

.0)

572

33

00

(87.

7)(3

.1)

(4.6

)(4

.6)

(0.0

)(0

.0)

582

31

00

(90.

6)(3

.1)

(4.7

)(1

.6)

(0.0

)(0

.0)

512

22

00

(89.

5)(3

.5)

(3.5

)(3

.5)

(0.0

)(0

.0)

Tota

l Num

ber o

f Ind

icat

ors

3/69

717

4317

10

775

Perc

enta

ge89

.92.

25.

52.

20.

10.

010

0S

ourc

e: C

CE

.1/ S

: Sup

ervi

sory

dat

a; N

: Nat

iona

l Acc

ount

s da

ta; O

: Oth

er d

ata;

S/O

: Sup

ervi

sory

and

Oth

er d

ata;

S/N

: Sup

ervi

sory

and

Nat

iona

l Acc

ount

s da

ta; N

/O: N

atio

nal A

ccou

nts

and

Oth

er d

ata.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry. T

otal

num

ber o

f ind

icat

ors

subm

itted

by

all C

CE

par

ticip

atin

g co

untri

es th

at m

eet a

giv

en c

riter

ia.

S/O

N/O

Tabl

e 5.

b. D

ata

Sour

ces

by In

dica

tor:

Cor

e FS

Is fo

r Dep

osit

Take

rs

Reg

ulat

ory

capi

tal t

o ris

k-w

eigh

ted

asse

ts (I

1)

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

Reg

ulat

ory

Tier

1 c

apita

l to

risk-

wei

ghte

d as

sets

(I2)

Non

-per

form

ing

loan

s ne

t of p

rovi

sion

s to

cap

ital

(I3)

Tota

l 3/

D

ata

Sour

ces

1/

Indi

cato

rs 2/

S

S/N

ON

65 64

Non

-per

form

ing

loan

s to

tota

l gro

ss lo

ans

(I4)

Sec

tora

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I5)

Ret

urn

on a

sset

s (I6

)

Ret

urn

on e

quity

(I7)

64 65 59 68 68 68In

tere

st m

argi

n to

gro

ss in

com

e (I8

)

68 65 57N

et o

pen

posi

tion

in fo

reig

n ex

chan

ge to

cap

ital (

I12)

Non

-inte

rest

exp

ense

s to

gro

ss in

com

e (I9

)

Liqu

id a

sset

s to

tota

l ass

ets

(I10)

Liqu

id a

sset

s to

sho

rt-te

rm li

abili

ties

(I11)

64

56

491

42

00

(87.

5)(1

.8)

(7.1

)(3

.6)

(0.0

)(0

.0)

470

01

00

(97.

9)(0

.0)

(0.0

)(2

.1)

(0.0

)(0

.0)

321

70

11

(76.

2)(2

.4)

(16.

7)(0

.0)

(2.4

)(2

.4)

322

21

00

(86.

5)(5

.4)

(5.4

)(2

.7)

(0.0

)(0

.0)

332

21

00

(86.

8)(5

.3)

(5.3

)(2

.6)

(0.0

)(0

.0)

461

31

00

(90.

2)(2

.0)

(5.9

)(2

.0)

(0.0

)(0

.0)

491

41

00

(89.

1)(1

.8)

(7.3

)(1

.8)

(0.0

)(0

.0)

185

180

00

(43.

9)(1

2.2)

(43.

9)(0

.0)

(0.0

)(0

.0)

82

150

00

(32.

0)(8

.0)

(60.

0)(0

.0)

(0.0

)(0

.0)

443

60

00

(83.

0)(5

.7)

(11.

3)(0

.0)

(0.0

)(0

.0)

423

60

00

(82.

4)(5

.9)

(11.

8)(0

.0)

(0.0

)(0

.0)

413

60

00

(82.

0)(6

.0)

(12.

0)(0

.0)

(0.0

)(0

.0)

291

01

00

(93.

5)(3

.2)

(0.0

)(3

.2)

(0.0

)(0

.0)

Tota

l Num

ber o

f Ind

icat

ors

3/47

025

738

11

578

Perc

enta

ge81

.34.

312

.61.

40.

20.

210

0

Sou

rce:

CC

E.

1/ S

: Sup

ervi

sory

dat

a; N

: Nat

iona

l Acc

ount

s da

ta; O

: Oth

er d

ata;

S/O

: Sup

ervi

sory

and

Oth

er d

ata;

S/N

: Sup

ervi

sory

and

Nat

iona

l Acc

ount

s da

ta; N

/O: N

atio

nal A

ccou

nts

and

Oth

er d

ata.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/

A g

iven

FS

I may

be

com

pile

d m

ore

than

onc

e by

a g

iven

cou

ntry

. Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

that

mee

t giv

en c

riter

ia.

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

Net

ope

n po

sitio

n in

equ

ities

to c

apita

l (I2

5)

Spr

ead

betw

een

high

est a

nd lo

wes

t int

erba

nk ra

tes

(I21

)

Tabl

e 5.

c. D

ata

Sour

ces

by In

dica

tor:

Enc

oura

ged

FSIs

for D

epos

it Ta

kers

Cap

ital t

o as

sets

(I13

)

Larg

e ex

posu

res

to c

apita

l (I1

4)

Geo

grap

hica

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I1

5)

Cus

tom

er d

epos

its to

tota

l (no

n-in

terb

ank)

loan

s (I2

2)

Fore

ign-

curr

ency

-den

omin

ated

loan

s to

tota

l loa

ns (I

23)

Fore

ign-

curr

ency

-den

omin

ated

liab

ilitie

s to

tota

l lia

bilit

ies

(I24)

Gro

ss li

abili

ty p

ositi

on in

fina

ncia

l der

ivat

ives

to c

apita

l (I1

7)

Trad

ing

inco

me

to to

tal i

ncom

e (I1

8)

Per

sonn

el e

xpen

ses

to n

on-in

tere

st e

xpen

ses

(I19)

Spr

ead

betw

een

refe

renc

e le

ndin

g an

d de

posi

t rat

es (

I20)

N/O

Gro

ss a

sset

pos

ition

in fi

nanc

ial d

eriv

ativ

es to

cap

ital (

I16)

Tota

l 3/

D

ata

Sour

ces

1/

Indi

cato

rs 2/

S

NO

S/O

S/N

56 48 383742 51 55 41 25 53 51 50 31

57

1013

33

11

(32.

3)(4

1.9)

(9.7

)(9

.7)

(3.2

)(3

.2)

012

11

133

(0.0

)(4

0.0)

(3.3

)(3

.3)

(43.

3)(1

0.0)

Tota

l Num

ber o

f Ind

icat

ors

3/10

254

414

461

Perc

enta

ge16

.441

.06.

66.

623

.06.

610

0

Sou

rce:

CC

E.

1/ S

: Sup

ervi

sory

dat

a; N

: Nat

iona

l Acc

ount

s da

ta; O

: Oth

er d

ata;

S/O

: Sup

ervi

sory

and

Oth

er d

ata;

S/N

: Sup

ervi

sory

and

Nat

iona

l Acc

ount

s da

ta; N

/O: N

atio

nal A

ccou

nts

and

Oth

er d

ata.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/

A g

iven

FS

I may

be

com

pile

d m

ore

than

onc

e by

a g

iven

cou

ntry

. Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

that

mee

t giv

en c

riter

ia.

011

80

01

(0.0

)(5

5.0)

(40.

0)(0

.0)

(0.0

)(5

.0)

09

70

01

(0.0

)(5

2.9)

(41.

2)(0

.0)

(0.0

)(5

.9)

04

20

01

(0.0

)(5

7.1)

(28.

6)(0

.0)

(0.0

)(1

4.3)

00

00

01

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(1

00.0

)0

013

00

0(0

.0)

(0.0

)(1

00.0

)(0

.0)

(0.0

)(0

.0)

Tota

l Num

ber o

f Ind

icat

ors

3/0

2430

00

458

Perc

enta

ge0.

041

.451

.70.

00.

06.

910

0

Sou

rce:

CC

E.

1/ S

: Sup

ervi

sory

dat

a; N

: Nat

iona

l Acc

ount

s da

ta; O

: Oth

er d

ata;

S/O

: Sup

ervi

sory

and

Oth

er d

ata;

S/N

: Sup

ervi

sory

and

Nat

iona

l Acc

ount

s da

ta; N

/O: N

atio

nal A

ccou

nts

and

Oth

er d

ata.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/

A g

iven

FS

I may

be

com

pile

d m

ore

than

onc

e by

a g

iven

cou

ntry

. Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

that

mee

t giv

en c

riter

ia.

Num

ber o

f app

licat

ions

for p

rote

ctio

n fro

m c

redi

tors

(I32

)13

Ear

ning

s to

inte

rest

and

prin

cipa

l exp

ense

s (I3

0)7

Net

fore

ign

exch

ange

exp

osur

e to

equ

ity (I

31)

1

Tota

l deb

t to

equi

ty (I

28)

20

Ret

urn

on e

quity

(I29

)17

S/O

S/N

N/O

Tota

l 3/

D

ata

Sour

ces

1/

Indi

cato

rs 2/

S

NO

S/O

N/O

Tabl

e 5.

e. D

ata

Sour

ces

by In

dica

tor:

Enc

oura

ged

FSIs

for N

on-F

inan

cial

Cor

pora

tions

31 30A

sset

s to

Gro

ss D

omes

tic P

rodu

ct (G

DP

) (I2

7)

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

Tabl

e 5.

d. D

ata

Sour

ces

by In

dica

tor:

Enc

oura

ged

FSIs

for O

ther

Fin

anci

al C

orpo

ratio

ns

Ass

ets

to to

tal f

inan

cial

sys

tem

ass

ets

(I26)

Tota

l 3/

D

ata

Sour

ces

1/

Indi

cato

rs 2/

S

S/N

ON

58

Dep

osit

Take

rs:

Cor

e S

et N

umbe

r of I

ndic

ator

s70

202

304

012

084

078

0 P

erce

ntag

e9.

025

.939

.00.

015

.410

.80.

010

0E

ncou

rage

d S

et N

umbe

r of I

ndic

ator

s60

109

256

168

6323

580

Per

cent

age

10.3

18.8

44.1

0.2

11.7

10.9

4.0

100

Enc

oura

ged

Set

for O

ther

Fin

anci

al C

orpo

ratio

ns:

Num

ber o

f Ind

icat

ors

30

460

015

064

Per

cent

age

4.7

0.0

71.9

0.0

0.0

23.4

0.0

100

Enc

oura

ged

Set

for N

on-F

inan

cial

Cor

pora

tions

: N

umbe

r of I

ndic

ator

s6

148

00

30

58 P

erce

ntag

e10

.31.

782

.80.

00.

05.

20.

010

0 T

otal

Num

ber o

f Ind

icat

ors

2/13

931

265

41

188

165

2314

82Pe

rcen

tage

9.4

21.1

44.1

0.1

12.7

11.1

1.6

100

Sou

rce:

CC

E.

1/ C

onso

lidat

ion

basi

s is

not

app

licab

le fo

r ind

icat

or I2

1 (E

ncou

rage

d FS

Is fo

r Dep

osit

Take

rs).

2/ T

otal

num

ber o

f ind

icat

ors

subm

itted

by

all C

CE

par

ticip

atin

g co

untri

es th

at m

eet g

iven

crit

eria

.

DC

D

omes

tic c

onso

lidat

ion

basi

s.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.O

THE

R

Oth

er c

onso

lidat

ion

base

s.O

THE

R re

fers

to c

onso

lidat

ion

base

s ot

her t

han

CB

CS

DI,

CB

DI,

DC

, DC

CB

, or D

CC

BS

. O

THE

R a

lso

incl

udes

the

cons

olid

atio

n ba

sis

of a

FS

I com

pile

d w

ith th

e un

derly

ing

data

cal

cula

ted

usin

g m

ore

than

on

e co

nsol

idat

ion

basi

s.

CB

DI

Cro

ss b

orde

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

Tabl

e 6.

a. C

onso

lidat

ion

Bas

is b

y In

dica

tor

Con

solid

atio

n B

ases

In

dica

tors

D

CC

BD

CC

BS

DC

CB

DI

CB

CSD

IO

THER

Tota

l 2/N

A 1/

59

621

170

166

(9.1

)(3

1.8)

(25.

8)(0

.0)

(24.

2)(9

.1)

621

170

166

(9.1

)(3

1.8)

(25.

8)(0

.0)

(24.

2)(9

.1)

615

250

810

(9.4

)(2

3.4)

(39.

1)(0

.0)

(12.

5)(1

5.6)

615

260

810

(9.2

)(2

3.1)

(40.

0)(0

.0)

(12.

3)(1

5.4)

48

410

25

(6.7

)(1

3.3)

(68.

3)(0

.0)

(3.3

)(8

.3)

620

240

126

(8.8

)(2

9.4)

(35.

3)(0

.0)

(17.

6)(8

.8)

620

240

126

(8.8

)(2

9.4)

(35.

3)(0

.0)

(17.

6)(8

.8)

620

240

126

(8.8

)(2

9.4)

(35.

3)(0

.0)

(17.

6)(8

.8)

620

240

126

(8.8

)(2

9.4)

(35.

3)(0

.0)

(17.

6)(8

.8)

614

300

87

(9.2

)(2

1.5)

(46.

2)(0

.0)

(12.

3)(1

0.8)

614

300

87

65(9

.2)

(21.

5)(4

6.2)

(0.0

)(1

2.3)

(10.

8)6

1422

06

9(1

0.5)

(24.

6)(3

8.6)

(0.0

)(1

0.5)

(15.

8) T

otal

Num

ber o

f Ind

icat

ors

2/70

202

304

012

084

780

Perc

enta

ge9.

025

.939

.00.

015

.410

.810

0

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.2/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry u

sing

diff

eren

t con

solid

atio

n ba

ses.

Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

th

at m

eet g

iven

crit

eria

.

DC

D

omes

tic c

onso

lidat

ion

basi

s.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.O

THE

R

Oth

er c

onso

lidat

ion

base

s.

68 65 57N

et o

pen

posi

tion

in fo

reig

n ex

chan

ge to

cap

ital

(I12)

Non

-inte

rest

exp

ense

s to

gro

ss in

com

e (I9

)

Liqu

id a

sset

s to

tota

l ass

ets

(I10)

Liqu

id a

sset

s to

sho

rt-te

rm li

abili

ties

(I11)

68 68 68In

tere

st m

argi

n to

gro

ss in

com

e (I8

)

Non

-per

form

ing

loan

s to

tota

l gro

ss lo

ans

(I4)

Sec

tora

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I5)

64 65 60

Tabl

e 6.

b. C

onso

lidat

ion

Bas

is b

y In

dica

tor:

Cor

e FS

Is fo

r Dep

osit

Take

rs

Reg

ulat

ory

capi

tal t

o ris

k-w

eigh

ted

asse

ts (I

1)

Reg

ulat

ory

Tier

1 c

apita

l to

risk-

wei

ghte

d as

sets

(I2)

Non

-per

form

ing

loan

s ne

t of p

rovi

sion

s to

cap

ital

(I3)

Tota

l 2/

C

onso

lidat

ion

Bas

es

Indi

cato

rs 1/

D

CC

BC

BC

SDI

DC

DC

CB

S

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, C

BD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

al

so in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne c

onso

lidat

ion

basi

s.

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

CB

DI

Cro

ss b

orde

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

CB

DI

OTH

ER

Ret

urn

on a

sset

s (I6

)

Ret

urn

on e

quity

(I7)

66 66

60

612

220

106

0(1

0.7)

(21.

4)(3

9.3)

(0.0

)(1

7.9)

(10.

7)(0

.0)

610

200

75

0(1

2.5)

(20.

8)(4

1.7)

(0.0

)(1

4.6)

(10.

4)(0

.0)

48

201

36

0(9

.5)

(19.

0)(4

7.6)

(2.4

)(7

.1)

(14.

3)(0

.0)

511

150

54

0(1

2.5)

(27.

5)(3

7.5)

(0.0

)(1

2.5)

(10.

0)(0

.0)

511

150

54

0(1

2.5)

(27.

5)(3

7.5)

(0.0

)(1

2.5)

(10.

0)(0

.0)

513

170

97

0(9

.8)

(25.

5)(3

3.3)

(0.0

)(1

7.6)

(13.

7)(0

.0)

612

200

107

0(1

0.9)

(21.

8)(3

6.4)

(0.0

)(1

8.2)

(12.

7)(0

.0)

14

320

03

0(2

.5)

(10.

0)(8

0.0)

(0.0

)(0

.0)

(7.5

)(0

.0)

00

00

023

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(100

.0)

68

250

86

0(1

1.3)

(15.

1)(4

7.2)

(0.0

)(1

5.1)

(11.

3)(0

.0)

66

290

46

0(1

1.8)

(11.

8)(5

6.9)

(0.0

)(7

.8)

(11.

8)(0

.0)

66

290

36

0(1

2.0)

(12.

0)(5

8.0)

(0.0

)(6

.0)

(12.

0)(0

.0)

48

120

43

0(1

2.9)

(25.

8)(3

8.7)

(0.0

)(1

2.9)

(9.7

)(0

.0)

Tot

al N

umbe

r of I

ndic

ator

s 3/

6010

925

61

6863

2358

0Pe

rcen

tage

10.3

18.8

44.1

0.2

11.7

10.9

4.0

100

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.2/

Con

solid

atio

n B

asis

for i

ndic

ator

I21

is n

ot a

pplic

able

(NA

).3/

A g

iven

FS

I may

be

com

pile

d m

ore

than

onc

e by

a g

iven

cou

ntry

. Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

that

mee

t giv

en c

riter

ia.

DC

D

omes

tic c

onso

lidat

ion

basi

s.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.O

THE

R

Oth

er c

onso

lidat

ion

base

s.

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, C

BD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es

the

cons

olid

atio

n ba

sis

of a

FS

I com

pile

d w

ith th

e un

derly

ing

data

cal

cula

ted

usin

g m

ore

than

one

con

solid

atio

n ba

sis.

31

CB

DI

Cro

ss b

orde

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

23 53 51 50

Net

ope

n po

sitio

n in

equ

ities

to c

apita

l (I2

5)

Spr

ead

betw

een

high

est a

nd lo

wes

t int

erba

nk ra

tes

(I21

)

Cus

tom

er d

epos

its to

tota

l (no

n-in

terb

ank)

loan

s (I2

2)

40 51 55 4056 48 42 40

NA

2/

Gro

ss a

sset

pos

ition

in fi

nanc

ial d

eriv

ativ

es to

cap

ital (

I16)

Tota

l 3/

Con

solid

atio

n B

ases

In

dica

tors

1/

DC

CB

CB

DI

DC

CB

SD

CC

BC

SDI

OTH

ER

Fore

ign-

curr

ency

-den

omin

ated

loan

s to

tota

l loa

ns (I

23)

Fore

ign-

curr

ency

-den

omin

ated

liab

ilitie

s to

tota

l lia

bilit

ies

(I24)

Gro

ss li

abili

ty p

ositi

on in

fina

ncia

l der

ivat

ives

to c

apita

l (I1

7)

Tabl

e 6.

c. C

onso

lidat

ion

Bas

is b

y In

dica

tor:

Enc

oura

ged

FSIs

for D

epos

it Ta

kers

Cap

ital t

o as

sets

(I13

)

Larg

e ex

posu

res

to c

apita

l (I1

4)

Geo

grap

hica

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I1

5)

Trad

ing

inco

me

to to

tal i

ncom

e (I1

8)

Per

sonn

el e

xpen

ses

to n

on-in

tere

st e

xpen

ses

(I19)

Spr

ead

betw

een

refe

renc

e le

ndin

g an

d de

posi

t rat

es (

I20)

61

00

222

08

(0.0

)(0

.0)

(68.

8)(6

.3)

(0.0

)(2

5.0)

00

241

07

(0.0

)(0

.0)

(75.

0)(3

.1)

(0.0

)(2

1.9)

Tota

l Num

ber o

f Ind

icat

ors

2/0

046

30

1564

Perc

enta

ge0.

00.

071

.94.

70.

023

.410

0

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.2/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry u

sing

diff

eren

t con

solid

atio

n ba

ses.

Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

th

at m

eet g

iven

crit

eria

.

00

182

00

(0.0

)(0

.0)

(90.

0)(1

0.0)

(0.0

)(0

.0)

00

142

01

(0.0

)(0

.0)

(82.

4)(1

1.8)

(0.0

)(5

.9)

00

61

00

(0.0

)(0

.0)

(85.

7)(1

4.3)

(0.0

)(0

.0)

00

00

01

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(1

00.0

)1

010

10

1(7

.7)

(0.0

)(7

6.9)

(7.7

)(0

.0)

(7.7

)To

tal N

umbe

r of I

ndic

ator

s 2/

10

486

03

58Pe

rcen

tage

1.7

0.0

82.8

10.3

0.0

5.2

100

Sou

rce:

CC

E.

1/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.2/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry u

sing

diff

eren

t con

solid

atio

n ba

ses.

Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

th

at m

eet g

iven

crit

eria

.

DC

D

omes

tic c

onso

lidat

ion

basi

s.

DC

CB

Dom

estic

ally

con

trolle

d, c

ross

bor

der c

onso

lidat

ion

basi

s.D

CC

BS

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

s.O

THE

R

Oth

er c

onso

lidat

ion

base

s.

Tabl

e 6.

d. C

onso

lidat

ion

Bas

is b

y In

dica

tor:

Enc

oura

ged

FSIs

for O

ther

Fin

anci

al C

orpo

ratio

ns

Ass

ets

to to

tal f

inan

cial

sys

tem

ass

ets

(I26)

Tota

l 2/

Con

solid

atio

n B

ases

In

dica

tors

1/

DC

CB

SD

CC

BD

CC

BD

IO

THER

CB

CSD

I

Tabl

e 6.

e. C

onso

lidat

ion

Bas

is b

y In

dica

tor:

Enc

oura

ged

FSIs

for N

on-F

inan

cial

Cor

pora

tions

32 32A

sset

s to

Gro

ss D

omes

tic P

rodu

ct (G

DP

) (I2

7)

CB

DI

OTH

ERTo

tal 2/

C

onso

lidat

ion

Bas

es

Indi

cato

rs 1/

D

CC

BS

DC

DC

CB

CB

CSD

I

1

Tota

l deb

t to

equi

ty (I

28)

20

Ret

urn

on e

quity

(I29

)17

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

OTH

ER

refe

rs to

con

solid

atio

n ba

ses

othe

r tha

n C

BC

SD

I, C

BD

I, D

C, D

CC

B, o

r DC

CB

S.

OTH

ER

als

o in

clud

es th

e co

nsol

idat

ion

basi

s of

a F

SI c

ompi

led

with

the

unde

rlyin

g da

ta c

alcu

late

d us

ing

mor

e th

an o

ne c

onso

lidat

ion

basi

s.

Num

ber o

f app

licat

ions

for p

rote

ctio

n fro

m c

redi

tors

(I32

)13

CB

DI

Cro

ss b

orde

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

CB

CS

DI

Cro

ss b

orde

r and

cro

ss s

ecto

r con

solid

atio

n ba

sis

for a

ll do

mes

tical

ly in

corp

orat

ed e

ntiti

es.

Ear

ning

s to

inte

rest

and

prin

cipa

l exp

ense

s (I3

0)7

Net

fore

ign

exch

ange

exp

osur

e to

equ

ity (I

31)

62

26 26 25(45.6) (54.2) (43.9)

2 2 2(3.5) (4.2) (3.5)12 14 12

(21.1) (29.2) (21.1)8 5 8

(14.0) (10.4) (14.0)1 2 0

(1.8) (4.2) (0.0)3 3 3

(5.3) (6.3) (5.3)20 14 21

(35.1) (29.2) (36.8)DC / DCCBS 1 2 1DCCBS / DC 4 2 4DC / CBCSDI 1 1 1CBCSDI / DC 5 4 5DC / DCCB 2 - 2DCCB / DC - 1 - DCCBS / OTHER 1 - - DCCB / DC / CBCSDI 1 - 1CBCSDI / DC / OTHER 2 - 2DCCBS / DC / OTHER 1 1 3CBCSDI / DC / CBDI - 1 1OTHER / DC 2 2 1

11 8 11(19.3) (16.7) (19.3)

DCCB + DC 1 2 1DCCB + DC/CBCSDI 1 - 1DC + CBCSDI 2 1 2DC + DCCB/DCCBS 1 1 1DCCBS + DC 3 2 3DCCBS + CBCSDI 1 - 1DCCBS + OTHER 1 1 1DCCBS/OTHER + CBCSDI/OTHER 4/ 1 1 1

Number of Countries Submission 57 48 57Percentage 5/ 100 100 100

Source: CCE.1/ "Set of indicators" does not necessarily mean that all indicators are compiled.2/ A given FSI is compiled on one consolidation basis. However, within the set of indicators, more than one consolidation basis are used.3/ A given FSI is compiled with two different consolidation bases (the first one is predominant), unless otherwise indicated.4/ A given FSI is compiled with two different consolidation bases. However, within the sets of indicators, some indicators are compiled using Other consolidation basis.5/ Percentage is the ratio of the number of countries using a certain type of consolidation basis to the number of country submissions.

DCCB Domestically controlled, cross border consolidation basisDCCBS Domestically controlled, cross border, cross sector consolidation basisOTHER Other consolidation bases

OTHER refer to the consolidation bases of a FSI compiled on a basis other than CBCSDI, CBDI, DC, DCCB, or DCCBS. OTHER also include the consolidation basis of a FSI compiled with the underlying data calculated on different consolidation bases.

Indicators Consolidation Bases

CBDI Cross border consolidation basis for all domestically incorporated entities

Two Sets of indicators with Different Consolidation Bases 1/ 3/

One Set of indicators with one Consolidation Basis 1/

One Set of indicators with Mix of Consolidation Bases 1/ 2/

DCCBS

CBCSDI

OTHER

CBCSDI Cross border and cross sector consolidation basis for all domestically incorporated entities

(number of indicators and, in parenthesis, percent)

DC Domestic consolidation basis

Table 7. FSIs for Deposit Takers: Consolidation Bases Used by Countries in the CCE

Core FSIs

DCCB

DC

Encouraged FSIs Core + Encouraged

63

Full

Intr

a Fu

ll In

tra

Part

ial I

ntra

Pa

rtia

l Int

ra

No

Intr

a Pa

rtia

l Int

erN

o In

ter

Part

ial I

nter

No

Inte

rN

o In

ter

Cor

e S

et:

Num

ber o

f Cou

ntrie

s1

215

254

157

Per

cent

age

1.8

36.8

8.8

43.9

7.0

1.8

100

Enc

oura

ged

Set

:N

umbe

r of C

ount

ries

15

199

95

48P

erce

ntag

e2.

110

.439

.618

.818

.810

.410

0

Sou

rce:

CC

E.

1/ In

tra-g

roup

con

solid

atio

n ad

just

men

ts (

intra

) inv

olve

con

solid

atio

n of

all

flow

s an

d po

sitio

ns a

mon

g un

its w

ithin

eac

h gr

oup

in th

e po

pula

tion.

In

ter-

grou

p co

nsol

idat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

2/ F

ull d

enot

es th

at a

ll of

the

requ

ired

adju

stm

ents

are

mad

e. P

artia

l adj

ustm

ents

den

ote

eith

er p

artia

l adj

ustm

ents

are

mad

e to

bot

h un

derly

ing

data

ser

ies

of a

ratio

or a

djus

tmen

ts a

re m

ade

only

to

on

e un

derly

ing

data

ser

ies

in a

ratio

.

FC

Ful

l Con

solid

atio

n

(all

the

requ

ired

intra

-gro

up a

nd in

ter-

grou

p ad

just

men

ts a

re c

arrie

d ou

t)LF

C

Less

than

Ful

l Con

solid

atio

n

Tota

l

Tabl

e 8.

a. F

SIs

for D

epos

it Ta

kers

: Con

solid

atio

n A

djus

tmen

ts C

arrie

d O

ut b

y C

ount

ries

in th

e C

CE

Con

solid

atio

n A

djus

tmen

t 1/

Indi

cato

rs

LFC

2/

FC

64

Tabl

e 8.

b. F

SIs

for D

epos

it Ta

kers

: Con

solid

atio

n A

djus

tmen

ts b

y In

dica

tor (

Cor

e FS

Is)

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

Full

Intr

a Fu

ll In

tra

Part

ial I

ntra

Pa

rtia

l Int

ra

Part

ial I

ntra

N

o In

tra

N

o In

tra

Part

ial I

nter

No

Inte

rFu

ll In

ter

Part

ial I

nter

No

Inte

rPa

rtia

l Int

erN

o In

ter

1337

92

21

02

00

0(1

9.7)

(56.

1)(1

3.6)

(3.0

)(3

.0)

(1.5

)(0

.0)

(3.0

)(0

.0)

(0.0

)(0

.0)

1232

151

13

11

00

0(1

8.2)

(48.

5)(2

2.7)

(1.5

)(1

.5)

(4.5

)(1

.5)

(1.5

)(0

.0)

(0.0

)(0

.0)

712

231

79

32

00

0(1

0.9)

(18.

8)(3

5.9)

(1.6

)(1

0.9)

(14.

1)(4

.7)

(3.1

)(0

.0)

(0.0

)(0

.0)

00

00

00

00

425

18(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(6

4.6)

(7.7

)(2

7.7)

00

00

00

00

353

22(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(5

8.3)

(5.0

)(3

6.7)

54

400

44

011

00

0(7

.4)

(5.9

)(5

8.8)

(0.0

)(5

.9)

(5.9

)(0

.0)

(16.

2)(0

.0)

(0.0

)(0

.0)

311

350

512

02

00

0(4

.4)

(16.

2)(5

1.5)

(0.0

)(7

.4)

(17.

6)(0

.0)

(2.9

)(0

.0)

(0.0

)(0

.0)

56

380

214

03

00

0(7

.4)

(8.8

)(5

5.9)

(0.0

)(2

.9)

(20.

6)(0

.0)

(4.4

)(0

.0)

(0.0

)(0

.0)

55

390

213

04

00

0(7

.4)

(7.4

)(5

7.4)

(0.0

)(2

.9)

(19.

1)(0

.0)

(5.9

)(0

.0)

(0.0

)(0

.0)

1111

192

811

03

00

0(1

6.9)

(16.

9)(2

9.2)

(3.1

)(1

2.3)

(16.

9)(0

.0)

(4.6

)(0

.0)

(0.0

)(0

.0)

00

00

00

00

439

13(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(6

6.2)

(13.

8)(2

0.0)

822

81

101

52

00

0(1

4.0)

(38.

6)(1

4.0)

(1.8

)(1

7.5)

(1.8

)(8

.8)

(3.5

)(0

.0)

(0.0

)(0

.0)

Tota

l Num

ber o

f Ind

icat

ors

5/69

140

226

741

689

3012

017

5378

0 P

erce

nta g

e8.

817

.929

.00.

95.

38.

71.

23.

815

.42.

26.

810

0S

ourc

e: C

CE

.1/ In

tra-g

roup

con

solid

atio

n ad

just

men

ts (

intra

) inv

olve

con

solid

atio

n of

all

flow

s an

d po

sitio

ns a

mon

g un

its w

ithin

eac

h gr

oup

in th

e po

pula

tion.

In

ter-

grou

p co

nsol

idat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/ F

ull d

enot

es th

at a

ll of

the

requ

ired

adju

stm

ents

are

mad

e. P

artia

l adj

ustm

ents

den

ote

eith

er p

artia

l adj

ustm

ents

are

mad

e to

bot

h un

derly

ing

data

ser

ies

of a

ratio

or a

djus

tmen

ts a

re m

ade

only

to o

ne

un

derly

ing

data

ser

ies

in a

ratio

.4/ In

ter-

grou

p ad

just

men

ts fo

r sel

ecte

d in

dica

tors

(I4,

I5, a

nd I1

1) a

re n

ot a

pplic

able

(NA

).5/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry. T

otal

num

ber o

f ind

icat

ors

subm

itted

by

all C

CE

par

ticip

atin

g co

untri

es th

at m

eet g

iven

crit

eria

.

FC

Ful

l Con

solid

atio

n

(all

the

requ

ired

intra

-gro

up a

nd in

ter-

grou

p ad

just

men

ts a

re c

arrie

d ou

t)LF

C

Less

than

Ful

l Con

solid

atio

n

Net

ope

n po

sitio

n in

fore

ign

exch

ange

to c

apita

l (I1

2)

Liqu

id a

sset

s to

sho

rt-te

rm li

abili

ties

(I11)

Liqu

id a

sset

s to

tota

l ass

ets

(I10)

68

Non

-inte

rest

exp

ense

s to

gro

ss in

com

e (I9

)68 65 65 57

Inte

rest

mar

gin

to g

ross

inco

me

(I8)

66 66 64 65 60 68 68

Reg

ulat

ory

capi

tal t

o ris

k-w

eigh

ted

asse

ts (I

1)

Reg

ulat

ory

Tier

1 c

apita

l to

risk-

wei

ghte

d as

sets

(I2)

Non

-per

form

ing

loan

s ne

t of p

rovi

sion

s to

cap

ital

(I3)

Non

-per

form

ing

loan

s to

tota

l gro

ss lo

ans

(I4)

Sec

tora

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I5)

Ret

urn

on a

sset

s (I6

)

Ret

urn

on e

quity

(I7)

Con

solid

atio

n A

djus

tmen

t 1/

Indi

cato

rs 2/

FCLF

C 3/

Tota

l 5/N

A In

ter 4/

Full

Intr

aPa

rtia

l Int

raN

o In

tra

65

Tabl

e 8.

c. F

SIs

for D

epos

it Ta

kers

: C

onso

lidat

ion

Adj

ustm

ents

by

Indi

cato

r (En

cour

aged

FSI

s)(n

umbe

r of i

ndic

ator

s an

d, in

par

enth

esis

, per

cent

)

Full

Intr

a Fu

ll In

tra

Part

ial

Part

ial

Part

ial

No

Intr

a

No

Part

ial

Inte

rN

o In

ter

Full

Inte

rPa

rtia

l In

ter

No

Inte

rPa

rtia

l In

ter

No

Inte

rFu

ll In

tra

Part

ial I

ntra

N

o In

tra

614

212

33

07

00

00

(10.

7)(2

5.0)

(37.

5)(3

.6)

(5.4

)(5

.4)

(0.0

)(1

2.5)

(0.0

)(0

.0)

(0.0

)(0

.0)

613

42

10

01

161

40

(12.

5)(2

7.1)

(8.3

)(4

.2)

(2.1

)(0

.0)

(0.0

)(2

.1)

(33.

3)(2

.1)

(8.3

)(0

.0)

00

00

00

00

263

130

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(61.

9)(7

.1)

(31.

0)(0

.0)

515

91

10

72

00

00

(12.

5)(3

7.5)

(22.

5)(2

.5)

(2.5

)(0

.0)

(17.

5)(5

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

518

51

30

62

00

00

(12.

5)(4

5.0)

(12.

5)(2

.5)

(7.5

)(0

.0)

(15.

0)(5

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

54

260

25

09

00

00

(9.8

)(7

.8)

(51.

0)(0

.0)

(3.9

)(9

.8)

(0.0

)(1

7.6)

(0.0

)(0

.0)

(0.0

)(0

.0)

515

190

62

35

00

00

(9.1

)(2

7.3)

(34.

5)(0

.0)

(10.

9)(3

.6)

(5.5

)(9

.1)

(0.0

)(0

.0)

(0.0

)(0

.0)

00

00

00

00

261

130

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(65.

0)(2

.5)

(32.

5)(0

.0)

00

00

00

00

00

023

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(1

00.0

)0

00

00

00

037

313

0(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(6

9.8)

(5.7

)(2

4.5)

(0.0

)0

00

00

00

032

316

0(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(6

2.7)

(5.9

)(3

1.4)

(0.0

)0

00

00

00

030

515

0(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(0

.0)

(0.0

)(6

0.0)

(10.

0)(3

0.0)

(0.0

)4

128

01

10

50

00

0(1

2.9)

(38.

7)(2

5.8)

(0.0

)(3

.2)

(3.2

)(0

.0)

(16.

1)(0

.0)

(0.0

)(0

.0)

(0.0

)To

tal N

umbe

r of I

ndic

ator

s 6/

3691

926

1711

1631

167

1674

2358

0Pe

rcen

tage

6.2

15.7

15.9

1.0

2.9

1.9

2.8

5.3

28.8

2.8

12.8

4.0

100

Sou

rce:

CC

E.

1/ In

tra-g

roup

con

solid

atio

n ad

just

men

ts (

intra

) inv

olve

con

solid

atio

n of

all

flow

s an

d po

sitio

ns a

mon

g un

its w

ithin

eac

h gr

oup

in th

e po

pula

tion.

In

ter-

grou

p co

nsol

idat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/ F

ull d

enot

es th

at a

ll of

the

requ

ired

adju

stm

ents

are

mad

e. P

artia

l adj

ustm

ents

den

ote

eith

er p

artia

l adj

ustm

ents

are

mad

e to

bot

h un

derly

ing

data

ser

ies

of a

ratio

or a

djus

tmen

ts a

re m

ade

only

to o

ne

un

derly

ing

data

ser

ies

in a

ratio

.4/ In

ter-

grou

p ad

just

men

ts fo

r sel

ecte

d in

dica

tors

(I15

, I20

, I22

, I23

, and

I24)

are

not a

pplic

able

(NA

).5/ In

tra-g

roup

and

Inte

r-gr

oup

adju

stm

ents

for i

ndic

ator

I21

are

not a

pplic

able

(NA

).6/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry. T

otal

num

ber o

f ind

icat

ors

subm

itted

by

all C

CE

par

ticip

atin

g co

untri

es th

at m

eet g

iven

crit

eria

.

FC

Ful

l Con

solid

atio

n

(all

the

requ

ired

intra

-gro

up a

nd in

ter-

grou

p ad

just

men

ts a

re c

arrie

d ou

t)LF

C

Less

than

Ful

l Con

solid

atio

n

56

NA

Inte

r 4/

NA

5/

Con

solid

atio

n A

djus

tmen

t 1/

Indi

cato

rs 2/

FC

LFC

3/

Tota

l 6/

40404248

Net

ope

n po

sitio

n in

equ

ities

to c

apita

l (I2

5)

Fore

ign-

curr

ency

-den

omin

ated

liab

ilitie

s to

tota

l lia

bilit

ies

(I24)

5551Tr

adin

g in

com

e to

tota

l inc

ome

(I18)

Gro

ss li

abili

ty p

ositi

on in

fina

ncia

l der

ivat

ives

to

capi

tal (

I17)

Gro

ss a

sset

pos

ition

in fi

nanc

ial d

eriv

ativ

es to

ca

pita

l (I1

6)

Fore

ign-

curr

ency

-den

omin

ated

loan

s to

tota

l lo

ans

(I23)

Cus

tom

er d

epos

its to

tota

l (no

nint

erba

nk) l

oans

(I2

2)

Spr

ead

betw

een

high

est a

nd lo

wes

t int

erba

nk

rate

s (I

21)

Spr

ead

betw

een

refe

renc

e le

ndin

g an

d de

posi

t ra

tes

(I20

)

Geo

grap

hica

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I1

5)

Larg

e ex

posu

res

to c

apita

l (I1

4)

Cap

ital t

o as

sets

(I13

)

315051532340

Per

sonn

el e

xpen

ses

to n

onin

tere

st e

xpen

ses

(I19)

66

Part

ial I

nter

No

Inte

r15

3912

0(2

2.7)

(59.

1)(1

8.2)

(0.0

)13

3419

0(1

9.7)

(51.

5)(2

8.8)

(0.0

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2234

0(1

2.5)

(34.

4)(5

3.1)

(0.0

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00

65(0

.0)

(0.0

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(100

.0)

00

060

(0.0

)(0

.0)

(0.0

)(1

00.0

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855

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.4)

(11.

8)(8

0.9)

(0.0

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1649

0(4

.4)

(23.

5)(7

2.1)

(0.0

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855

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.4)

(11.

8)(8

0.9)

(0.0

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756

0(7

.4)

(10.

3)(8

2.4)

(0.0

)13

1933

0(2

0.0)

(29.

2)(5

0.8)

(0.0

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00

65(0

.0)

(0.0

)(0

.0)

(100

.0)

937

110

(15.

8)(6

4.9)

(19.

3)(0

.0)

Tota

l Num

ber o

f Ind

icat

ors

5/76

190

324

190

780

Perc

enta

ge9.

724

.441

.524

.410

0

Sou

rce:

CC

E.

1/ I

nter

-gro

up c

onso

lidat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/

Par

tial a

djus

tmen

ts d

enot

e ei

ther

par

tial a

djus

tmen

ts a

re m

ade

to b

oth

unde

rlyin

g da

ta s

erie

s of

a ra

tio o

r adj

ustm

ents

are

mad

e on

ly to

one

und

erly

ing

data

ser

ies

in a

ratio

.4)

Inte

r-gr

oup

adju

stm

ents

for s

elec

ted

indi

cato

rs (I

4, I5

, and

I11)

are

not

app

licab

le (N

A).

5/ A

giv

en F

SI m

ay b

e co

mpi

led

mor

e th

an o

nce

by a

giv

en c

ount

ry. T

otal

num

ber o

f ind

icat

ors

subm

itted

by

all C

CE

par

ticip

atin

g co

untri

es th

at m

eet g

iven

crit

eria

.

FC

Ful

l Con

solid

atio

n

(all

the

requ

ired

intra

-gro

up a

nd in

ter-

grou

p ad

just

men

ts a

re c

arrie

d ou

t)LF

C

Less

than

Ful

l Con

solid

atio

n

LFC

3/N

A In

ter 4/

Tabl

e 8.

d. F

SIs

for D

epos

it Ta

kers

: Int

er-G

roup

Con

solid

atio

n A

djus

tmen

ts b

y In

dica

tor (

Cor

e FS

Is)

C

onso

lidat

ion

Adj

ustm

ent 1/

Indi

cato

rs 2/

FCTo

tal 5/

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

Reg

ulat

ory

capi

tal t

o ris

k-w

eigh

ted

asse

ts (I

1)

Reg

ulat

ory

Tier

1 c

apita

l to

risk-

wei

ghte

d as

sets

(I2)

Non

perfo

rmin

g lo

ans

net o

f pro

visi

ons

to c

apita

l (I3

)

Non

perfo

rmin

g lo

ans

to to

tal g

ross

loan

s (I4

)

Sec

tora

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I5)

Ret

urn

on a

sset

s (I6

)

Ret

urn

on e

quity

(I7)

Inte

rest

mar

gin

to g

ross

inco

me

(I8)

60 68 68 6866 66 64 65 65 65 57

Non

inte

rest

exp

ense

s to

gro

ss in

com

e (I9

)68

Net

ope

n po

sitio

n in

fore

ign

exch

ange

to c

apita

l (I1

2)

Liqu

id a

sset

s to

sho

rt-te

rm li

abili

ties

(I11)

Liqu

id a

sset

s to

tota

l ass

ets

(I10)

67

Part

ial I

nter

No

Inte

r8

1731

0(1

4.3)

(30.

4)(5

5.4)

(0.0

)8

145

21(1

6.7)

(29.

2)(1

0.4)

(43.

8)0

00

42(0

.0)

(0.0

)(0

.0)

(100

.0)

623

110

(15.

0)(5

7.5)

(27.

5)(0

.0)

627

70

(15.

0)(6

7.5)

(17.

5)(0

.0)

56

400

(9.8

)(1

1.8)

(78.

4)(0

.0)

524

260

(9.1

)(4

3.6)

(47.

3)(0

.0)

00

040

(0.0

)(0

.0)

(0.0

)(1

00.0

)0

00

23(0

.0)

(0.0

)(0

.0)

(100

.0)

00

053

(0.0

)(0

.0)

(0.0

)(1

00.0

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00

51(0

.0)

(0.0

)(0

.0)

(100

.0)

00

050

(0.0

)(0

.0)

(0.0

)(1

00.0

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1314

0(1

2.9)

(41.

9)(4

5.2)

(0.0

)To

tal N

umbe

r of I

ndic

ator

s 5/

4212

413

428

058

0Pe

rcen

tage

7.2

21.4

23.1

48.3

100

Sou

rce:

CC

E.

1/ I

nter

-gro

up c

onso

lidat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

2/ In

par

enth

esis

is th

e in

dica

tor n

umbe

r.3/

Par

tial a

djus

tmen

ts d

enot

e ei

ther

par

tial a

djus

tmen

ts a

re m

ade

to b

oth

unde

rlyin

g da

ta s

erie

s of

a ra

tio o

r adj

ustm

ents

are

mad

e on

ly to

one

und

erly

ing

data

ser

ies

in a

ratio

.4/

Inte

r-gr

oup

adju

stm

ents

for s

elec

ted

indi

cato

rs (I

15, I

20, I

21, I

22, I

23, a

nd I2

4) a

re n

ot a

pplic

able

(NA

).5/

A g

iven

FS

I may

be

com

pile

d m

ore

than

onc

e by

a g

iven

cou

ntry

. Tot

al n

umbe

r of i

ndic

ator

s su

bmitt

ed b

y al

l CC

E p

artic

ipat

ing

coun

tries

that

mee

t giv

en c

riter

ia.

FC

Ful

l Con

solid

atio

n

(all

the

requ

ired

intra

-gro

up a

nd in

ter-

grou

p ad

just

men

ts a

re c

arrie

d ou

t)LF

C

Less

than

Ful

l Con

solid

atio

n

56

Tabl

e 8.

e. F

SIs

for D

epos

it Ta

kers

: Int

er-G

roup

Con

solid

atio

n A

djus

tmen

ts b

y In

dica

tor (

Enco

urag

ed F

SIs)

Con

solid

atio

n A

djus

tmen

t 1/

Indi

cato

rs 2/

FCTo

tal 5/

NA

Inte

r 4/LF

C 3/

(num

ber o

f ind

icat

ors

and,

in p

aren

thes

is, p

erce

nt)

40404248

Net

ope

n po

sitio

n in

equ

ities

to c

apita

l (I2

5)

Fore

ign-

curr

ency

-den

omin

ated

liab

ilitie

s to

tota

l lia

bilit

ies

(I24)

55

Trad

ing

inco

me

to to

tal i

ncom

e (I1

8)51

Gro

ss li

abili

ty p

ositi

on in

fina

ncia

l der

ivat

ives

to c

apita

l (I1

7)

Gro

ss a

sset

pos

ition

in fi

nanc

ial d

eriv

ativ

es to

cap

ital (

I16)

Fore

ign-

curr

ency

-den

omin

ated

loan

s to

tota

l loa

ns (I

23)

Cus

tom

er d

epos

its to

tota

l (no

nint

erba

nk) l

oans

(I22

)

Spr

ead

betw

een

high

est a

nd lo

wes

t int

erba

nk ra

tes

(I21

)

Spr

ead

betw

een

refe

renc

e le

ndin

g an

d de

posi

t rat

es (

I20)

Geo

grap

hica

l dis

tribu

tion

of lo

ans

to to

tal l

oans

(I1

5)

Larg

e ex

posu

res

to c

apita

l (I1

4)

Cap

ital t

o as

sets

(I13

)

315051532340

Per

sonn

el e

xpen

ses

to n

onin

tere

st e

xpen

ses

(I19)

68

Inte

r-gr

oup

Con

solid

atio

n A

djus

tmen

ts 1/

Num

ber o

f C

ount

ries

Perc

enta

ge

Adj

ustm

ents

in th

e In

com

e S

tate

men

t:

Pro

visi

ons

for a

ccru

ed in

tere

st o

n no

n-pe

rform

ing

loan

s (a

nd o

ther

cla

ims)

to o

ther

dep

osit-

take

rs8

14.0

Fees

and

com

mis

sion

s re

ceiv

able

and

pay

able

from

oth

er d

epos

it-ta

kers

in th

e re

porti

ng p

opul

atio

n6

10.5

Div

iden

ds re

ceiv

able

and

pay

able

from

oth

er d

epos

it-ta

kers

in th

e re

porti

ng p

opul

atio

n8

14.0

The

inve

stin

g de

posi

t-tak

er’s

pro

-rat

ed s

hare

of t

he e

arni

ngs

of a

ssoc

iate

dep

osit-

take

rs a

lso

in th

e re

porti

ng p

opul

atio

n7

12.3

Oth

er in

com

e re

ceiv

able

and

pay

able

from

oth

er d

epos

it-ta

kers

in th

e re

porti

ng p

opul

atio

n6

10.5

Gai

n an

d lo

sses

on

depo

sit-t

aker

s’ o

wne

rshi

p of

equ

ities

of o

ther

dep

osit-

take

rs in

the

repo

rting

po

pula

tion

58.

8

Pro

visi

ons

on lo

ans

to o

ther

dep

osit-

take

rs in

the

repo

rting

pop

ulat

ion

712

.3

Adj

ustm

ents

in th

e B

alan

ce S

heet

:In

vest

men

ts in

ass

ocia

tes

resi

dent

in th

e ec

onom

y13

22.8

The

mar

ket v

alue

of s

hare

s an

d ot

her e

quity

inve

stm

ents

in o

ther

dep

osit-

take

rs in

the

repo

rting

po

pula

tion

1424

.6

Spe

cific

pro

visi

ons

on lo

ans

to (a

nd o

ther

cla

ims

on) o

ther

dep

osit-

take

rs13

22.8

Sou

rce:

CC

E.

1/ I

nter

-gro

up c

onso

lidat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

Tabl

e 9.

a. F

SIs

for D

epos

it Ta

kers

: Int

er-g

roup

Con

solid

atio

n A

djus

tmen

ts in

the

Fina

ncia

l Sta

tem

ents

69

Tabl

e 9.

b. F

SIs

for D

epos

it Ta

kers

: Int

er-g

roup

Con

solid

atio

n A

djus

tmen

ts in

the

Fina

ncia

l Sta

tem

ents

(by

Cou

ntry

)

Adj

ustm

ents

in th

e In

com

e St

atem

ent:

50

07

00

02

57

57

10

31

60

47P

rovi

sion

s fo

r acc

rued

inte

rest

on

nonp

erfo

rmin

g lo

ans

(and

oth

er c

laim

s)

to o

ther

dep

osit-

take

rs8

Fees

and

com

mis

sion

s re

ceiv

able

and

pa

yabl

e fro

m o

ther

dep

osit-

take

rs in

the

repo

rting

pop

ulat

ion

6

Div

iden

ds re

ceiv

able

and

pay

able

from

ot

her d

epos

it-ta

kers

in th

e re

porti

ng

popu

latio

n8

The

inve

stin

g de

posi

t-tak

er’s

pro

-rat

ed

shar

e of

the

earn

ings

of a

ssoc

iate

de

posi

t-tak

ers

also

in th

e re

porti

ng

popu

latio

n

7

Oth

er in

com

e re

ceiv

able

and

pay

able

fro

m o

ther

dep

osit-

take

rs in

the

repo

rting

pop

ulat

ion

6

Gai

n an

d lo

sses

on

depo

sit-t

aker

s’

owne

rshi

p of

equ

ities

of o

ther

dep

osit-

take

rs in

the

repo

rting

pop

ulat

ion

5

Pro

visi

ons

on lo

ans

to o

ther

dep

osit-

take

rs in

the

repo

rting

pop

ulat

ion

7

Adj

ustm

ents

in th

e B

alan

ce S

heet

:3

11

32

33

03

33

30

33

03

340

Inve

stm

ents

in a

ssoc

iate

s re

side

nt in

th

e ec

onom

y13

The

mar

ket v

alue

of s

hare

s an

d ot

her

equi

ty in

vest

men

ts in

oth

er d

epos

it-ta

kers

in th

e re

porti

ng p

opul

atio

n14

Spe

cific

pro

visi

ons

on lo

ans

to (a

nd

othe

r cla

ims

on) o

ther

dep

osit-

take

rs13

Sou

rce:

CC

E.

1/ I

nter

-gro

up c

onso

lidat

ion

adju

stm

ents

(int

er) i

nvol

ve th

e el

imin

atio

n of

som

e (b

ut n

ot a

ll) fl

ows

and

posi

tions

am

ong

grou

ps.

Cyp

rus

Ger

man

yC

anad

aIn

ter-

grou

p C

onso

lidat

ion

Adj

ustm

ents

1/A

rmen

iaA

ustr

alia

Indi

aIn

done

sia

Mal

aysi

aM

alta

Nor

way

Italy

Leba

non

Kor

eaTo

tal

Turk

eyU

krai

ne

de

note

s th

at th

e gi

ven

inte

r-gr

oup

cons

olid

atio

n ad

just

men

t is

carr

ied

out b

y th

e co

untry

.

Rus

sia

Mex

ico

Spai

n

70

Des

crip

tion

Num

ber o

f co

untr

ies

Perc

enta

ge

Type

of A

ccou

ntin

g st

anda

rds

1/

Full

adop

tion

of IF

RS

s by

all

depo

sit t

aker

s18

31.6

Full

adop

tion

of IF

RS

s by

som

e de

posi

t tak

ers;

oth

ers

use

loca

l sta

ndar

ds2

3.5

Par

tial a

dopt

ion

of IF

RS

s by

dep

osit

take

rs23

40.4

Full

adop

tion

of lo

cal s

tand

ards

by

all d

epos

it ta

kers

1322

.8Fu

ll ad

optio

n of

loca

l sta

ndar

ds b

y so

me

depo

sit t

aker

s; o

ther

s us

e U

S G

AA

P1

1.8

Tota

l 57

100.

0

Ado

ptio

n of

IFR

Ss fo

r the

follo

win

g is

sues

Prin

cipl

e fo

r rec

ogni

zing

ass

ets

and

liabi

litie

s31

54.4

Rec

ordi

ng o

f gai

ns a

nd lo

sses

on

avai

labl

e-fo

r-sa

le a

sset

s36

63.2

Rec

ordi

ng o

f fee

s an

d co

mm

issi

ons

dire

ctly

rela

ted

to lo

ans

3357

.9R

ecor

ding

of e

ffect

ive

porti

on o

f the

gai

n or

loss

on

a ca

sh fl

ow h

edge

or h

edge

of a

net

inve

stm

ent i

n a

fore

ign

oper

atio

n, a

nd p

oten

tially

on

a he

dge

for t

he fo

reig

n cu

rren

cy ri

sk o

f a fi

rm c

omm

itmen

t33

57.9

Val

uatio

n of

hel

d-to

-mat

urity

inst

rum

ents

4070

.2V

alua

tion

of n

ontra

dabl

e in

stru

men

ts25

43.9

Com

plia

nce

with

the

FSI G

uide

's re

com

men

datio

ns fo

r the

follo

win

g is

sues

Prin

cipl

e fo

r rec

ogni

zing

ass

ets

and

liabi

litie

s14

24.6

Rec

ordi

ng o

f gai

ns a

nd lo

sses

on

avai

labl

e-fo

r-sa

le a

sset

s8

14.0

Rec

ordi

ng o

f fee

s an

d co

mm

issi

ons

dire

ctly

rela

ted

to lo

ans

2340

.4R

ecor

ding

of e

ffect

ive

porti

on o

f the

gai

n or

loss

on

a ca

sh fl

ow h

edge

or h

edge

of a

net

inve

stm

ent i

n a

fore

ign

oper

atio

n, a

nd p

oten

tially

on

a he

dge

for t

he fo

reig

n cu

rren

cy ri

sk o

f a fi

rm c

omm

itmen

t8

14.0

Val

uatio

n of

hel

d-to

-mat

urity

inst

rum

ents

35.

3V

alua

tion

of n

ontra

dabl

e in

stru

men

ts6

10.5

Sou

rce:

CC

E.

1/ IF

RS

Int

erna

tiona

l Fin

anci

al R

epor

ting

Sta

ndar

d.

G

AA

P G

ener

ally

Acc

epte

d A

ccou

ntin

g P

rinci

ples

.

Tabl

e 10

. Acc

ount

ing

Stan

dard

s A

dopt

ed b

y th

e C

CE

Part

icip

atin

g C

ount

ries

71

General Methodological Practices FC LFC NA 1/ TotalInstitutional coverage & basis for consolidation 2 55 0 57Consolidation adjustments 2 55 0 57Accrual accounting 14 43 0 57Arrears 46 11 0 57Potential costs 15 42 0 57Asset boundary 38 19 0 57Identification of loan loss provisions 0 0 57 57Collateral and guarantees 0 0 57 57Valuation of impaired assets 5 52 0 57Valuation: market, fair, nominal value 3 54 0 57Investments in associates & unconsolidated subsidiaries 38 19 0 57Tax deductions 0 0 57 57Foreign-currency-denominated & exchange rates 16 41 0 57Maturity 46 11 0 57Recording of gains and losses on financial instruments 8 48 1 57

Total Number of Practices Identified by Countries 233 450 172 855Percentage 27.3 52.6 20.1 100

Source: CCE.1) Rating is not applicable (NA) for selected methodological practices for which the Guide does not provide a benchmark.

FC Fully Consistent with the Guide recommendationLFC Less than Fully Consistent with the Guide recommendation

General Methodological Practices FC LFC NA 1/ TotalInstitutional coverage & basis for consolidation 15 16 0 31Consolidation adjustments 3 28 0 31Accrual accounting 12 19 0 31Arrears 23 7 1 31Potential costs 7 24 0 31Asset boundary 16 15 0 31Valuation: market, fair, nominal value 6 25 0 31Investments in associates & unconsolidated subsidiaries 18 13 0 31Tax deductions 0 0 31 31Foreign-currency-denominated & exchange rates 10 21 0 31Maturity 28 3 0 31

Total Number of Practices Identified by Countries 138 171 32 341Percentage 40.5 50.1 9.4 100

Source: CCE.1) Rating is not applicable (NA) for selected methodological practices for which the Guide does not provide a benchmark.

FC Fully Consistent with the Guide recommendationLFC Less than Fully Consistent with the Guide recommendation

Table 11.a. FSIs for Deposit Takers - General Methodological Practices

Table 11.b. FSIs for Other Financial Corporations - General Methodological Practices

72

General Methodological Practices FC LFC NA 1/ TotalInstitutional coverage & basis for consolidation 12 8 0 20Consolidation adjustments 1 19 0 20Accrual accounting 9 11 0 20Arrears 14 6 0 20Potential costs 1 19 0 20Asset boundary 10 10 0 20Valuation: market, fair, nominal value 4 16 0 20Investments in associates & unconsolidated subsidiaries 15 5 0 20Tax deductions 0 0 20 20Foreign-currency-denominated & exchange rates 7 13 0 20Recording of gains and losses on financial instruments 2 18 0 20

Total Number of Practices Identified by Countries 75 125 20 220Percentage 34.1 56.8 9.1 100

Source: CCE.1) Rating is not applicable (NA) for selected methodological practices for which the Guide does not provide a benchmark.

FC Fully Consistent with the Guide recommendationLFC Less than Fully Consistent with the Guide recommendation

General Methodological Practices FC LFC NA 1/ TotalInstitutional coverage & basis for consolidation 25 1 0 26Accrual accounting 11 15 0 26Arrears 13 13 0 26Valuation: market, fair, nominal value 17 9 0 26Foreign-currency-denominated & exchange rates 12 14 0 26

Total Number of Practices Identified by Countries 78 52 0 130Percentage 60.0 40.0 0.0 100

Source: CCE.1) Rating is not applicable (NA) for selected methodological practices for which the Guide does not provide a benchmark.

FC Fully Consistent with the Guide recommendationLFC Less than Fully Consistent with the Guide recommendation

Table 11.c. FSIs for Non-Financial Corporations - General Methodological Practices

Table 11.d. FSIs for Households - General Methodological Practices

73

Des

crip

tion

Num

ber o

f co

untr

ies

Perc

enta

ge

Full

adop

tion

of B

asel

I by

all

depo

sit t

aker

s31

54.4

Ado

ptio

n of

Bas

el I

with

one

or m

ore

of th

e fo

llow

ing

devi

atio

ns25

43.9

G

oodw

ill n

ot d

educ

ted

from

cap

ital

23.

5

Tie

r 3 n

ot u

sed

2136

.8

Som

e in

nova

tive

inst

rum

ents

incl

uded

in c

apita

l2

3.5

O

ther

s4

7.0

Ado

ptio

n of

nat

iona

l sta

ndar

ds b

y al

l dep

osit

take

rs1

1.8

Con

solid

atio

n ba

sis

used

to c

ompi

le I1

and

I2

DC

CB

47.

0

DC

1221

.1

DC

CB

S16

28.1

C

BC

SD

I11

19.3

O

ther

58.

8

Use

of m

ultip

le c

onso

lidat

ion

base

s9

15.8

To

tal

5710

0.0

Full

inte

r-gr

oup

adju

stm

ents

wer

e ca

rrie

d ou

t12

21.1

Par

tial i

nter

-gro

up a

djus

tmen

ts w

ere

carr

ied

out

3154

.4

Sou

rce:

CC

E.

1/ I

ndic

ator

I1: R

egul

ator

y ca

pita

l to

risk-

wei

ghte

d as

sets

.

In

dica

tor I

2: R

egul

ator

y Ti

er 1

cap

ital t

o ris

k-w

eigh

ted

asse

ts.

CB

CS

DI

C

ross

bor

der a

nd c

ross

sec

tor c

onso

lidat

ion

basi

s fo

r all

dom

estic

ally

inco

rpor

ated

ent

ities

CB

DI

C

ross

bor

der c

onso

lidat

ion

basi

s fo

r all

dom

estic

ally

inco

rpor

ated

ent

ities

DC

D

omes

tic c

onso

lidat

ion

basi

s

DC

CB

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r con

solid

atio

n ba

sis

DC

CB

S

D

omes

tical

ly c

ontro

lled,

cro

ss b

orde

r, cr

oss

sect

or c

onso

lidat

ion

basi

sO

THE

R

O

ther

con

solid

atio

n ba

ses

OTH

ER

refe

r to

the

cons

olid

atio

n ba

ses

of a

FS

I com

pile

d on

a b

asis

oth

er th

an C

BC

SD

I, C

BD

I, D

C, D

CC

B, o

r D

CC

BS

. O

THE

R a

lso

incl

ude

the

cons

olid

atio

n ba

sis

of a

FS

I com

pile

d w

ith th

e un

derly

ing

data

cal

cula

ted

on

diffe

rent

con

solid

atio

n ba

ses.

Tabl

e 12

. Sup

ervi

sory

Sta

ndar

ds U

sed

by th

e C

CE

Cou

ntrie

s to

Com

pile

FSI

s I1

and

I2 1/

74

1.(9

0.0)

(10.

0)2.

(46.

0)(2

0.0)

(34.

0)3.

(34.

7)(5

5.1)

(10.

2)4.

(76.

3)(1

5.8)

(7.9

)5.

(43.

1)(2

5.5)

(31.

4)

6.(3

3.3)

(29.

4)(3

7.3)

7.(3

9.2)

(39.

2)(2

1.6)

8.(6

7.4)

(30.

4)(2

.2)

9.(7

0.6)

(27.

5)(2

.0)

1.

2(3

.3)

14(2

3.0)

16(2

6.2)

17(2

7.9)

4(6

.6)

8(1

3.1)

2.(1

4.3)

(85.

7)

3.S

houl

d th

e G

uide

reco

mm

end

a si

ngle

con

solid

atio

n ba

sis?

(14.

3)(8

5.7)

4.

0(0

.0)

0(0

.0)

1(2

.2)

1(2

.2)

0(0

.0)

2(4

.3)

42(9

1.3)

5.(9

4.4)

(5.6

)

6.6

(10.

7)16

(28.

6)17

(30.

4)13

(23.

2)2

(3.6

)2

(3.6

)

7.(7

6.7)

(23.

3)

8.(9

1.8)

(8.2

)

No

422

2

No

CB

DI

7

Offe

r a

num

ber o

f

DC

CB

DC

Yes

N

o34

CB

CSD

I

Yes

N

o

II. F

SIs

and

com

pila

tion

met

hodo

logy

Oth

er

Yes

I.

Expe

rienc

e of

the

CC

E an

d th

e us

e of

FSI

s

DC

CB

SD

CC

BC

BC

SDI

Sho

uld

the

Gui

de re

tain

its

reco

mm

enda

tion

on th

e ne

ed to

hav

e in

tra-g

roup

co

nsol

idat

ed d

ata?

No

Ans

wer

CB

DI

Oth

er

CB

DI

5

31

Oth

er

15

CB

CSD

ID

CC

BYes

Par

tially

No

182

23 17 29 22 17 20 31 36

10 27 6 13 15 20 14 14

17 5 3 16 19 11 1 1

1 2 13 0 0 0 5 0

742

2

DC

DC

CB

S

DC

CB

S

Yes

108

454

2

33

DC

No

Ans

wer

No

Ans

wer

No

Ans

wer

No

Ans

wer

No

Ans

wer

No

Ans

wer

No

Ans

wer

29

5

1/ M

ore

than

one

con

solid

atio

n ba

ses

wer

e ch

osen

by

som

e co

untri

es.

2/ T

wen

ty n

ine

coun

tries

did

not

pro

vide

any

inpu

t on

whi

ch o

ptio

ns o

n co

nsol

idat

ion

basi

s sh

ould

be

offe

red

by th

e G

uide

. The

num

ber u

nder

eac

h co

nsol

idat

ion

basi

s re

pres

ents

the

num

ber o

f tim

es th

at th

is b

asis

was

cho

sen

by c

ount

ries

as a

n op

tion

that

sho

uld

Hav

e th

e be

nefit

s ou

twei

ghed

the

cost

s of

the

CC

E?

Did

the

CC

E m

eet i

ts a

im o

f dev

elop

ing

coun

try c

apac

ity to

com

pile

FS

Is?

Did

the

CC

E m

eet i

ts a

im to

pro

mot

e in

tern

atio

nal c

ompa

rabi

lity

of F

SIs

?H

ave

the

exte

nsiv

e FS

I met

adat

a be

en u

sefu

l in

this

are

a?

Do

you

find

the

Gui

de a

dequ

ate

in p

rovi

ding

gui

danc

e in

com

pilin

g th

e FS

Is?

Abs

tract

ing

from

cur

rent

dat

a av

aila

bilit

y, w

hich

con

solid

atio

n ba

sis

do y

ou

thin

k is

bes

t sui

ted

to a

sses

s th

e he

alth

and

sou

ndne

ss o

f the

fina

ncia

l s y

stem

in y

our c

ount

ry?

1/

Sho

uld

the

Gui

de k

eep

DC

CB

(dom

estic

ally

con

trolle

d cr

oss

bord

er) a

s th

e re

com

men

ded

cons

olid

atio

n ba

sis

for d

epos

it ta

kers

?

Hav

e th

e FS

Is c

ompi

led

for t

he C

CE

bee

n us

eful

in y

our e

fforts

tow

ards

m

eetin

g th

e da

ta n

eeds

for a

naly

sis

on y

our c

ount

ry’s

fina

ncia

l sys

tem

so

undn

ess?

Hav

e th

e FS

Is c

ompi

led

for t

he C

CE

bee

n us

ed in

the

asse

ssm

ent o

f the

he

alth

of y

our c

ount

ry’s

fina

ncia

l sys

tem

?W

ere

the

FSIs

repo

rted

in th

e C

CE

alre

ady

used

in th

e as

sess

men

t of t

he

heal

th o

f you

r cou

ntry

’s fi

nanc

ial s

yste

m b

efor

e th

e C

CE

?D

o th

e cu

rren

t des

ign

and

quer

y fa

cilit

ies

of th

e IM

F FS

I/CC

E w

ebsi

te

resp

ond

to u

sers

’ nee

ds?

Tabl

e 13

. Sur

vey

of th

e C

CE

Part

icip

atin

g C

ount

ry V

iew

s: S

elec

ted

Que

stio

ns(N

umbe

r of r

espo

nses

and

, in

pare

nthe

sis,

per

cent

of t

otal

resp

onse

s to

eac

h qu

estio

n)

b

e of

fere

d am

ong

othe

rs b

y th

e G

uide

.

If th

e G

uide

wer

e to

reco

mm

end

a si

ngle

con

solid

atio

n ba

sis,

whi

ch b

asis

sh

ould

that

be?

If th

e G

uide

wer

e to

offe

r a n

umbe

r of o

ptio

ns o

n co

nsol

idat

ion

basi

s, s

houl

d th

ey b

e lim

ited

in n

umbe

r?

If th

e G

uide

wer

e to

offe

r a n

umbe

r of o

ptio

ns o

n co

nsol

idat

ion

basi

s, w

hat

mig

ht th

ese

optio

ns b

e? 2/

Is it

impo

rtant

for f

inan

cial

sou

ndne

ss a

naly

sis

to re

tain

a n

atio

nal a

ccou

nts

type

of c

once

pt o

f the

sec

tor?

75

9.(6

1.7)

(38.

3)

10.

(38.

3)(6

1.7)

11.

(37.

8)(6

2.2)

12.

(46.

2)(5

3.8)

13.

(52.

4)(4

7.6)

14.

(41.

7)(5

8.3)

15.

(5.9

)(1

7.6)

(43.

1)(3

3.3)

16.

(5.9

)(1

7.6)

(41.

2)(3

5.3)

17.

(38.

1)(6

1.9)

18.

(85.

1)(1

4.9)

19

(62.

5)(3

7.5)

20(5

4.5)

(45.

5)

21.

(50.

0)(5

0.0)

22.

A.

(58.

1)(4

1.9)

B.

(93.

2)(6

.8)

C.

(93.

0)(7

.0)

D.

(95.

5)(4

.5)

E.

(95.

5)(4

.5)

F.(9

0.9)

(9.1

)

If in

ter-

grou

p ad

just

men

ts w

ere

to b

e m

ade,

wou

ld p

artia

l con

solid

atio

n ad

just

men

ts (i

.e. s

ome

adju

stm

ents

don

e an

d ot

hers

not

) be

mea

ning

ful?

Sho

uld

the

Gui

de re

tain

its

advi

ce o

n in

tra-s

ecto

r (in

ter-

grou

p) c

onso

lidat

ion

adju

stm

ents

?

Is fu

lly c

onso

lidat

ed F

SI d

ata

(with

bot

h in

tra-g

roup

and

inte

r-gr

oup

cons

olid

atio

n ad

just

men

ts) b

est s

uite

d fo

r sou

ndne

ss a

naly

sis

of fi

nanc

ial

sect

ors?

Ple

ase

prov

ide

an in

dica

tion

of th

e si

ze o

f the

inte

r-gr

oup

posi

tions

iden

tifie

d in

the

Gui

de in

you

r cou

ntry

Is it

ana

lytic

ally

nec

essa

ry to

elim

inat

e al

l inv

estm

ents

in e

quity

am

ong

unre

late

d de

posi

t tak

ers

(and

oth

er fi

nanc

ial i

nstit

utio

ns) i

n th

e re

porti

ng

popu

latio

n fro

m th

e se

ctor

-wid

e da

ta u

sed

to c

ompi

le to

tal r

egul

ator

y ca

pita

l, Ti

er 1

cap

ital,

and

risk

wei

ghte

d as

sets

?S

houl

d th

e G

uide

mak

e an

exp

licit

reco

mm

enda

tion

that

Bas

el I

or B

asel

II b

e us

ed to

com

pile

tota

l reg

ulat

ory

capi

tal,

Tier

1 c

apita

l, an

d ris

k-w

eigh

ted

asse

ts?

If th

e G

uide

wer

e to

mak

e an

exp

licit

reco

mm

enda

tion

that

Bas

el I

or B

asel

II

be u

sed

to c

ompi

le to

tal r

egul

ator

y ca

pita

l, Ti

er 1

cap

ital,

and

risk-

wei

ghte

d as

sets

, sho

uld

such

a re

com

men

datio

n in

clud

e th

e is

sue

of c

onso

lidat

ion

basi

s?U

nder

Bas

el II

, will

dat

a us

ed fo

r FS

Is o

n to

tal r

egul

ator

y ca

pita

l, Ti

er 1

ca

pita

l, an

d ris

k w

eigh

ted

asse

ts b

e m

ore

com

para

ble

acro

ss c

ount

ries?

Sho

uld

the

Gui

de re

com

men

d th

at b

oth

inte

r-gr

oup

cons

olid

ated

dat

a an

d ag

greg

ated

dat

a (i.

e. w

ith n

o in

ter-

grou

p ad

just

men

ts) b

e pr

ovid

ed to

incr

ease

cr

oss-

coun

try d

ata

com

para

bilit

y an

d ga

uge

the

sign

ifica

nce

of a

djus

tmen

ts?

If on

ly p

artia

l adj

ustm

ents

can

be

mad

e (e

.g. d

ue to

dat

a co

nstra

ints

), sh

ould

th

e G

uide

reco

mm

end

that

no

adju

stm

ents

be

mad

e at

all?

Is s

impl

y ag

greg

ated

FS

I dat

a (w

ith in

tra-g

roup

but

no

inte

r-gr

oup

cons

olid

atio

n ad

just

men

ts) b

est s

uite

d fo

r sou

ndne

ss a

naly

sis

of fi

nanc

ial

sect

ors?

Ple

ase

prov

ide

an in

dica

tion

of th

e si

ze o

f the

inte

r-gr

oup

flow

s id

entif

ied

in

the

Gui

de in

you

r cou

ntry

42

47

152918

4

1829

4

1728

6

1821

12 9

2028

3

2220

Sig

nific

ant

Som

ewha

t Sig

nific

ant

Not

Sig

nific

ant

Unk

now

n

Yes

N

o

22 21

3 3

9 9

9

407

4

1626

27

1815

18

9

1916

16

8

413

7

27

40

8

422

7

403

2518

No

Ans

wer

Yes

N

o A

nsw

erN

o

0 0

17 18

No

Ans

wer

Und

er B

asel

II, w

ill d

ata

used

for F

SIs

on

tota

l reg

ulat

ory

capi

tal,

Tier

1

capi

tal,

and

risk

wei

ghte

d as

sets

be

mor

e co

mpa

rabl

e ac

ross

ban

ks w

ithin

a

Sho

uld

the

Gui

de fo

llow

IFR

S g

uida

nce

in th

e ex

istin

g ar

eas

of d

iver

genc

e be

twee

n th

e G

uide

and

IFR

S in

dica

ted

belo

w?

cons

olid

atio

n ba

sis

reco

rdin

g of

gai

ns a

nd lo

sses

on

avai

labl

e fo

r sal

e fin

anci

al

inst

rum

ents

reco

rdin

g of

the

effe

ctiv

e po

rtion

of a

gai

n/lo

ss o

n a

cash

flow

hed

ge

or h

edge

of a

net

inve

stm

ent i

n a

fore

ign

oper

atio

n, a

nd p

oten

tially

on

a h

edge

for t

he fo

reig

n cu

rren

cy ri

sk o

f a fi

rm c

omm

itmen

ttre

atm

ent o

f fee

s an

d co

mm

issi

ons

rece

ivab

le/p

ayab

lepr

inci

ple

used

in d

eter

min

ing

whe

ther

ass

ets

and

liabi

litie

s ex

ist a

nd

are

outs

tand

ing

valu

atio

n of

non

trada

ble

finan

cial

inst

rum

ents

and

hel

d-to

-mat

urity

as

sets

Tabl

e 13

. Sur

vey

of th

e C

CE

Part

icip

atin

g C

ount

ry V

iew

s: S

elec

ted

Que

stio

ns (

Con

t.)(N

umbe

r of r

espo

nses

and

, in

pare

nthe

sis,

per

cent

of t

otal

resp

onse

s to

eac

h qu

estio

n)

76

FSI

FSI

FSI

I1I2

I3I4

I5(2

.1)

I6I7

I8I9

I10

I11

I12

(6.3

)I1

3I1

4(2

5.0)

I15

(2.1

)I1

6(4

.2)

I17

(4.2

)I1

8I1

9I2

0I2

1I2

2I2

3I2

4I2

5(8

.3)

I26

I27

I28

I29

I30

I31

(4.2

)I3

2(4

.2)

I33

I34

I35

I36

I37

I38

I39

(39.

6)

24.

(61.

7)(3

8.3)

25(8

3.3)

(16.

7)

26

I1(1

.5)

I2(1

.5)

I3(1

.5)

S1

(1.5

)S

3(1

.5)

S5

(1.5

)S

2(1

.5)

S4

S6

(1.5

)I4

I5I6

(3.0

)S

7(1

.5)

S9

(1.5

)S

11(4

.5)

S8

S10

S12

I7(3

.0)

I8I9

S13

(4.5

)S

15(1

.5)

S17

(1.5

)S

14S

16(1

.5)

S18

(1.5

)I1

0I1

1I1

2(3

.0)

S19

(4.5

)S

21(4

.5)

S23

S20

(1.5

)S

22(1

.5)

S24

(3.0

)I1

3I1

4(7

.6)

I15

(1.5

)S

25S

27S

29S

26S

28(1

.5)

S30

I16

(1.5

)I1

7(1

.5)

I18

S31

S33

S35

S32

S34

(1.5

)S

36

No

No

Ans

wer

2212

Yes

23. W

hat a

re th

e FS

Is in

clud

ed in

the

Gui

de th

at y

ou w

ould

reco

mm

end

dele

ting

from

the

list? 20

427

184

293 1

FSI a

nd U

nder

lyin

g Se

ries

FSI a

nd U

nder

lyin

g Se

ries

FSI a

nd U

nder

lyin

g Se

ries

1 1 1 1 2 3 3 1 1

1 1 1 1 1 3 1 5 1 1 1

3 1 1 2 21 1 1 2 1

19N

one

shou

ld b

e de

lete

d

1

Ple

ase

indi

cate

whe

ther

any

of t

he F

SIs

and

und

erly

ing

data

ser

ies

in th

e G

uide

nee

d to

be

rede

fined

?

Wou

ld y

our c

ount

ry b

e ab

le to

pro

vide

mea

sure

s of

dis

pers

ion?

Sho

uld

a m

easu

re o

f dis

pers

ion

(how

dat

a is

dis

pers

ed a

roun

d a

mea

n va

lue)

be

add

ed to

som

e of

the

aggr

egat

e FS

Is to

mak

e th

em m

ore

usef

ul to

fin

anci

al s

ound

ness

ana

lysi

s ?

4 22Ta

ble

13. S

urve

y of

the

CC

E Pa

rtic

ipat

ing

Cou

ntry

Vie

ws:

Sel

ecte

d Q

uest

ions

(C

ont.)

(Num

ber o

f res

pons

es a

nd, i

n pa

rent

hesi

s, p

erce

nt o

f tot

al re

spon

ses

to e

ach

ques

tion)

77

I19

I20

(3.0

)I2

1(1

.5)

S37

S38

I22

I23

(1.5

)I2

4(1

.5)

S39

S41

S43

S40

S42

S44

I25

(1.5

)I2

6I2

7S

45S

47S

49S

46(1

.5)

S48

S50

I28

I29

I30

(1.5

)S

51S

53S

55S

52S

54S

56I3

1I3

2(1

.5)

I33

S57

S59

S58

S60

I34

(1.5

)I3

5I3

6S

61S

62I3

7 (i)

(1.5

)I3

8(1

.5)

I39

(1.5

)I3

7 (ii

)S

63S

65S

64S

66(1

0.6)

1.(1

00.0

)(0

.0)

2.(6

9.0)

(31.

0)

3.(9

.5)

(90.

5)

4.(2

1.4)

(78.

6)

5.(9

6.1)

(3.9

)

6.(9

5.8)

(4.2

)

7.(7

5.0)

(25.

0)

8.(6

1.7)

(38.

3)

9.(3

2.0)

(68.

0)10

.(5

8.0)

(42.

0)11

.(6

4.0)

(36.

0)12

.(6

6.0)

(34.

0)

13.

(54.

2)(4

5.8)

1

Sho

uld

the

IMF

also

requ

est o

ther

mem

ber c

ount

ries

to p

repa

re a

nd re

port

the

FSI d

ata

and

met

adat

a fo

r dis

sem

inat

ion

on th

e IM

F w

ebsi

te?

Are

ther

e an

y ot

her r

oles

the

IMF

shou

ld p

lay

(inst

ead

or in

add

ition

to

colle

ctin

g an

d di

ssem

inat

ing

FSIs

) in

prom

otin

g th

e co

mpi

latio

n an

d di

ssem

inat

ion

of F

SIs

?W

ill y

our c

ount

ry b

e ab

le a

nd w

illin

g to

com

pile

and

sub

mit

quar

terly

FS

Is to

th

e IM

F?S

houl

d al

l FS

Is b

e co

mpi

led

quar

terly

?

Sho

uld

som

e FS

Is b

e co

mpi

led

with

diff

eren

t per

iodi

city

? S

houl

d th

e pe

riodi

city

of F

SIs

sub

mitt

ed to

the

IMF

be fl

exib

le?

III. W

ay fo

rwar

d w

ith F

SIs

Non

e sh

ould

be

rede

fined

Is y

our c

ount

ry w

illin

g to

com

pile

on

a re

gula

r bas

is th

e FS

Is th

at th

e co

untry

co

mpi

led

for t

he C

CE

?

FSI a

nd U

nder

lyin

g Se

ries

1 1 1

2FS

I and

Und

erly

ing

Serie

s

1 1 1

1FS

I and

Und

erly

ing

Serie

s

1 1 1

7

Yes

N

oN

o A

nsw

er

470

4

2913

9

438

9

933

9

492

0

462

3

3311

7

2918

4

1634

121

132

181

Sho

uld

all F

SIs

be

diss

emin

ated

with

the

sam

e tim

elin

ess?

3116

4

2622

3

29

If yo

ur c

ount

ry w

ere

will

ing

to c

ompi

le o

n a

regu

lar b

asis

the

FSIs

, wou

ld it

co

mpi

le fe

wer

indi

cato

rs th

an it

com

pile

d fo

r the

CC

E?

Sho

uld

the

IMF

cont

inue

to c

olle

ct a

nd d

isse

min

ate

the

FSI d

ata

and

met

adat

a of

the

CC

E c

ount

ries?

Will

you

r cou

ntry

be

able

and

will

ing

to c

ompi

le a

nd s

ubm

it FS

Is to

the

IMF

with

a o

ne-q

uarte

r lag

?

Tabl

e 13

. Sur

vey

of th

e C

CE

Part

icip

atin

g C

ount

ry V

iew

s: S

elec

ted

Que

stio

ns (

Con

t.)(N

umbe

r of r

espo

nses

and

, in

pare

nthe

sis,

per

cent

of t

otal

resp

onse

s to

eac

h qu

estio

n)

If yo

ur c

ount

ry w

ere

will

ing

to c

ompi

le o

n a

regu

lar b

asis

the

FSIs

, wou

ld it

co

mpi

le th

e sa

me

num

ber o

f ind

icat

ors

that

it c

ompi

led

for t

he C

CE

? If

your

cou

ntry

wer

e w

illin

g to

com

pile

on

a re

gula

r bas

is th

e FS

Is, w

ould

it

com

pile

a g

reat

er n

umbe

r of i

ndic

ator

s th

an it

com

pile

d fo

r the

CC

E?

78

14.

(31.

9)(6

8.1)

15.

(91.

1)(8

.9)

16.

(88.

9)(1

1.1)

17.

(53.

7)(4

6.3)

18.

(89.

4)(1

0.6)

19.

(42.

2)(5

7.8)

20.

(6.7

)(9

3.3)

21.

(93.

3)(6

.7)

22.

(95.

7)(4

.3)

Sho

uld

sect

oral

fina

ncia

l sta

tem

ents

, fro

m w

hich

man

y FS

Is a

re d

eriv

ed,

cont

inue

to a

ccom

pany

the

diss

emin

atio

n of

FS

Is?

Sho

uld

sect

oral

fina

ncia

l sta

tem

ents

, fro

m w

hich

man

y FS

Is a

re d

eriv

ed, b

e on

ly a

n en

cour

aged

par

t of a

ny F

SI s

ubm

issi

on to

the

IMF?

Yes

1532

4

No

Ans

wer

No

414

6

405

6

2219

10

425

4

1926

6 361

14

141

36

442

5S

houl

d th

e IM

F pr

ovid

e pe

riodi

c re

gion

al tr

aini

ng (e

ither

for n

ew c

ount

ries

or

for c

ount

ries

that

par

ticip

ated

in th

e C

CE

)?

If FS

Is w

ere

to b

e ad

ded

to th

e IM

F's

SD

DS

, sho

uld

only

the

core

FS

Is b

e in

clud

ed?

Will

you

r cou

ntry

be

able

to c

ompi

le s

ecto

ral f

inan

cial

sta

tem

ents

? S

houl

d FS

Is b

e ad

ded

as a

dat

a ca

tego

ry in

the

IMF'

s S

peci

al D

ata

Dis

sem

inat

ion

Sta

ndar

d (S

DD

S)?

If

FSIs

wer

e to

be

adde

d to

the

IMF'

s S

DD

S, s

houl

d al

l FS

Is b

e in

clud

ed?

Sho

uld

the

curr

ent a

lloca

tion

betw

een

core

(req

uire

d) a

nd e

ncou

rage

d in

dica

tors

be

revi

site

d?A

re th

e se

ctor

al fi

nanc

ial s

tate

men

ts fr

om w

hich

man

y FS

Is a

re d

eriv

ed

usef

ul?

Tabl

e 13

. Sur

vey

of th

e C

CE

Part

icip

atin

g C

ount

ry V

iew

s: S

elec

ted

Que

stio

ns (

Con

cl.)

(Num

ber o

f res

pons

es a

nd, i

n pa

rent

hesi

s, p

erce

nt o

f tot

al re

spon

ses

to e

ach

ques

tion)

79

Number of Responses Percent of ResponsesTwo Bases:

DCCB and DC 2 9.1DCCB and CBDI 1 4.5DC and DCCBS 3 13.6DC and CBCSDI 1 4.5DCCBS and CBCSDI 4 18.2DCCBS and OTHER 1 4.5

Three Bases:DCCB, DC, and DCCBS 1 4.5DC, DCCBS, and CBCSDI 5 22.7DC, DCCBS, and OTHER 1 4.5DC, CBCSDI, and CBDI 1 4.5

Four Bases:DCCB, DC, DCCBS, and CBCSDI 2 9.1

Total Responses 22 100

Source: Survey of the CCE Participating Countries' Views.

Table 14. Combinations of Consolidation Bases Suggested by Countries in Survey

CBCSDI Cross border and cross sector consolidation basis for all domestically incorporated entities.

DC Domestic consolidation basis.CBDI Cross border consolidation basis for all domestically incorporated entities.

DCCB Domestically controlled, cross border consolidation basis.DCCBS Domestically controlled, cross border, cross sector consolidation basis.OTHER Other consolidation bases.

OTHER refer to the consolidation bases of a FSI compiled on a basis other than CBCSDI, CBDI, DC, DCCB, or DCCBS. OTHER also include the consolidation basis of a FSI compiled with the underlying data calculated on different consolidation bases.

80