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International Monetary Fund. Statistics Dept.

mission worked with ESS compilers to pilot the IIS. Discussion with selected companies indicates feasibility of survey. The CBS needs to allocate sufficient staff resource to this survey in order to encourage response and deal with respondent questions. While ESS resources are limited, an additional economist has been allocated to the team (commencing 2019). 4. A schedule of reporting was agreed with the CBS working towards the inclusion of direct investment data in the September 2019 balance of payments data submission . Direct investment position data of the NFCs

International Monetary Fund. Statistics Dept.
This report discusses the report of technical assistance mission to support the Central Bank of Samoa (CBS) in further strengthening external sector statistics compilation and dissemination. The mission recommended that ESS compilers convert to using the International Merchandise Trade Statistics (IMTS) data as the source of exports data starting 2019; and adjust historical data at least as far back as 2014. Also, it would be beneficial to switch the source of trade in goods exports from exchange control records to Customs data to ensure better coverage and improve consistency with the IMTS published by the Samoa Bureau of Statistics. The CBS should adopt a step-by-step approach for the collection of offshore units’ data, initially focusing on offshore banks. As international requirements for the reporting of offshore units evolves, it is likely that the Samoa International Finance Authority (SIFA) and the offshore company trustees will need to expand data collection from the offshore units under their jurisdiction. The CBS should, therefore, keep abreast of developments with respect to offshore reporting and continue to liaise with the SIFA.
International Monetary Fund. Monetary and Capital Markets Department

use of banking data on corporate debtors for corporates analysis). The NFC data gap that needs to be closed soon includes the data of small and unlisted NFCs, a complete and accurate data of the NFC debt based on the lender and currency, the links among NFC inside and between conglomerates, and the link between NFCs and banks. Strengthening BSP’s existing interconnectedness analysis . This includes connecting the network analysis to bank stress tests and improving the interconnectedness analysis using more sources of data, such as payment system and other big data

International Monetary Fund. Monetary and Capital Markets Department
The Bangko Sentral Ng Pilipinas (BSP), together with the other financial sector regulators and the Department of Finance (DoF), made significant progress in developing a framework for macroprudential supervision. The BSP plays a central role as the bank and payment system supervisor, as well as macroprudential authority with with its financial stability mandate obtained in 2019, and the chair of inter-agency coordination mechanisms (Financial Stability Coordination Council, FSCC). The FSCC was established in 2011 as a voluntary interagency body (without decision-making powers) to coordinate macroprudential policies and crisis management and include the BSP, Securities Exchange Commission (SEC), Insurance Commission (IC), Philippine Deposit Insurance Commission (PDIC) and the DoF. Within the BSP, a financial stability “unit” (OSRM, established in 2017) works on macroprudential analysis and policy preparation. BSP’s Financial Stability Policy Committee (FSPC), a Monetary Board (MB) subcommittee established in 2020, decides on macroprudential issues, while policy decision making on monetary policy and financial sector supervision takes place in the MB.