Workshop on the review of international standards

CMFB Workshop on the review of international standards

26 June 2024

Introduction by the Chair of the Committee on Monetary, Financial And Balance of Payments Statistics (CMFB)

09:00 – 09:10

Mr Robert Kirchner (Deutsche Bundesbank, Germany) 

Session 1: General issues and update on the state of play

09:10 – 10:20

Chair: 

Mr Robert Kirchner (Deutsche Bundesbank, Germany) 

Speakers:

• SNA update  - Mr Peter van de Ven (lead editor) and  Mr Pete Harper (project manager) - Presentation

• BPM update - Mr Carlos Sánchez-Muñoz (IMF) [videoconference]  - Presentation

• New standards in Europe - Ms Olga Monteiro (ECB DG-S) and Mr John Verrinder (Eurostat)  - Presentation

 ☕ Break: 10:20-10:50

Session 2: Globalisation

10:50 – 12:20

Chair: 

Mr Pedro Oliveira (Instituto Nacional de Estatística, Portugal & CMFB Executive Body) 

Speakers:

• Recording of intellectual property products: the German experience using the GMPG Decision Tree - Benedikt Kuckelkorn (Destatis) - Presentation

• Compilation of extended supply and use tables for Italy - Federico Sallusti (Istat) - Presentation

• Breakdown of multinationals data in financial and non-financial accounts - María Antonia Martínez Luengo (INE ES) and María Pérez-Jurado (Banco de España) - Presentation

• Reflecting MNEs and SPEs with regard to compilation issues - Susanne Goldhammer (Bundesbank) - Presentation

🥗 Break: 12.30-13.40

Session 3: Digitalisation

13:40 – 14:50

Chair: 

Ms Silvia Fabiani (Banca d'Italia & CMFB Executive Body) 

Speakers:

• Digital economy Supply and Use Tables in Finland - Mr Eljas Tuomaala (Statistics Finland) [videoconference] - Presentation

• Digital trade – new challenges for data compilation - Mr Jens Walter and Ms Susanne Goldhammer (Bundesbank) - Presentation

• Results of a feasibility study on the recording of data on national accounts - Mr Benedikt Kuckelkorn (Destatis) - Presentation

Session 4: Sustainability and well-being

14:50 – 16:00

Chair: 

Mr Janus Kroon (Eesti Pank, Estonia & CMFB Executive Body) 

Speakers:

• French distributional accounts - Mr Mathias André (INSEE) - Presentation

• Estimating the Italian distribution of income from a National Accounts perspective - Mr Giovanni Savio (Istat)  - Presentation

• The Italian experience in estimating the joint distribution of household income, consumption and wealth - Ms Gabriella Donatiello (Istat) and Mr Andrea Neri (Banca d’Italia) [videoconference] - Presentation

 ☕  Break: 16.00-16.30

Session 5: Communication and other issues

16:30 – 17:40

Chair: 

Mr Gunther Swoboda  (Oesterreichische Nationalbank, Austria & CMFB Executive Body) 

Speakers:

• Halfway to disseminating VASPs (Virtual Asset Service Providers) statistics - Mr Ain Paas (Eesti Pank) - Presentation

• Retained earnings and the current account – impact for the Netherlands - Mr Melle Bijlsma and/or Mr Luuk Verstraaten (De Nederlandsche Bank) - Presentation

• Debtor/creditor principle as a necessary standard in Financial Accounts and the need to remove BPM 9.16 - Mr Paul Feuvrier (Banque Centrale du Luxembourg) - Presentation

Panel conclusions by the the CMFB Chair and Vice-Chair, ECB DG-S and Eurostat

17:40 – 18:00

• CMFB Chair: Mr Robert Kirchner (Deutsche Bundesbank, Germany) 

• CMFB Vice-Chair: Mr Alfredo Cristobal (Instituto Nacional de Estatística, Spain)

• ECB: Ms Caroline Willeke (European Central Bank, Directorate General Statistics, Deputy Director General)

• Eurostat: Mr John Verrinder (Eurostat, Acting Director Macroeconomic Statistics)