Proceedings of the Bank of Canada/IFC Workshop on "Data requirements for analysing the stability and vulnerability of mature financial systems", Ottawa, June 2005

IFC Bulletin No 23
October 2005
  page
IFC news and events 5
Message from the chair
Jan Smets
7
Draft statutes of the [Irving Fisher Committee on Central Bank Statistical Themes] 9
   
   
Proceedings of the Bank of Canada/Irving Fisher Committee Workshop  
Overall summary of the workshop
Brian O'Reilly and Paul Van den Bergh
18
Governor's speech
David Dodge
20
Introductory remarks
Sheryl Kennedy, Deputy Governor
23
   
Session 1: What information is needed to properly address financial stability and vulnerability issues?  
Chair's summary
Walter Engert
26
Background note on a framework for financial stability analysis and informational inputs
S Kal Wajid
28
A note on indicators and methodologies used in regular publications concerning financial system stability
Satoshi Yamaguchi
47
Macro prudential analysis and statistics: are available figures up to the job?
Stefano Borgioli
84
Selected indicators of financial stability
William R Nelson and Roberto Perli
92
Financial stability analysis and data needs
Walter Engert
107
A stylised framework for financial system analysis
Paul Van den Bergh
116
Assessing the financial system stability: the experience of Spain in launching the Financial Stability Review (FSR)
Cristina Luna
118
   
Session 2: What is the usefulness of existing statistical frameworks and of new initiatives currently being taken?  
Chair's summary
Luigi Federico Signorini
126
Financial and non-financial accounts for monitoring financial stability
Reimund Mink, Patrick Sandars and Nuno Silva
128
Usefulness of existing structures in the statistical system and new initiatives
Art Ridgeway
151
Financial stability analysis - evaluation of existing data sources
Leena Mörttinen
153
Financial stability: an overview of Bank of Italy statistics
Riccardo De Bonis, Giuseppe Grande, Silvia Magri, Luigi Federico Signorini and Massimiliano Stacchini
161
Assessing financial stability at the Bank of Italy: data sources and methodologies
Mario Quagliariello
173
   
Session 3: What are the data gaps regarding banking institutions and how can they be narrowed?  
Chair's summary
Gerald Goldstein
183
Time varying model for bond rating transition probabilities
Yutaka Soejima
185
Measuring interest rate risk in the banking sector: the Swiss experience
Robert Bichsel
209
Enhancements to the BIS international banking and financial statistics
Philip Wooldridge
212
Effects on the usefulness of ordinary banking statistics from cross-border consolidation - experiences from a small open economy with a concentrated financial sector
Jan Schüllerqvist
217
Banks and systemic problems: a review of selected literature
Gerald Goldstein
221
   
Session 4: What are the data gaps regarding non-bank financial institutions and how can they be narrowed?  
Chair's summary
David Fanger
230
Assessing threat to financial stability from non-bank financial sectors
Christian Hawkesby
232
Data for the financial stability analysis of the insurance sector and financial conglomerates
Pim Lescrauwaet
235
A securities regulator's perspective
Ann Leduc
244
Data requirements and availability regarding hedge funds
Miville Tremblay
246
   
Session 5: What are the data gaps regarding non-financial sectors and how can they be narrowed?  
Chair's summary
Leon Taub
250
Alternative approaches to financial data collection in Canada
Brad Belanger and Peter Webber
254
Some data gaps in the Canadian non-financial sector
Meyer Aaron and Celine Gauthier
257
Background note: data on the household sector
Shinobu Nakagawa
262
   
Session 6: What is the availability and usefulness of data on financial infrastructures?  
Chair's summary
Dinah Maclean and Alejandro Garcia
265
Data issues regarding clearing and settlement systems and retail payment instruments
Kim McPhail
267
The pivotal role of the Centralised Securities Database for monitoring developments in financial markets within the European Union
Carlos Sánchez Muñoz and Peter Neudorfer
272
A brief presentation of the French experience with advanced tools for banking supervision and the operational use of macro stress tests
Sébastien Clanet
278
   
Session 7: What data do we need on financial markets and how can they be obtained?  
Chair's summary
Randall Powley
283
Measuring risk appetite
Philip Wooldridge
286
Canadian corporate bond market - what do we need to know?
Jon Cockerline
290
Building a securities information system on a security-by-security basis
Erich Hille
295
   
Session 8: Can improved disclosure/transparency as well as innovations in technology and financial products be expected to improve the availability of relevant financial data?  
Chair's summary
Patrick Sandars
301
How informative are market risk disclosures by financial institutions?
Benjamin H Cohen
303
Introduction of XBRL in the reporting framework of DNB
Patrick C Hoedjes
307
A brief introduction to Statistical Data and Metadata Exchange - the initiative and standards
Presented by Paul Van den Bergh
310
Technology and securities regulation
Randee Pavalow
316
   
Session 9: Panel discussion - Improving financial data: what are the priorities and what steps can be taken to achieve progress allowing for budget constraints?  
Chair's summary
Donna Howard
319
Panellist intervention
Clive Thorp
321
Panellist intervention
Art Ridgeway
325
Panellist intervention
David Fanger
327
Panellist intervention
René Garcia
328