Search Results

You are looking at 1 - 10 of 35 items for :

  • "earnings statements" x
Clear All
International Monetary Fund. Statistics Dept.
This Technical Assistance Report discusses the findings and recommendations made by the IMF mission regarding the balance of payments, international investment position, and secondary income statistics in El Salvador. The mission reviewed progress made on the recommendations for the Coordinated Direct Investment Survey (CDIS). Although El Salvador is currently reporting data to the CDIS, there are some topics that need improvement, particularly the positions of the shareholders of the three most important financial groups and their subsidiaries to avoid duplicate entries. The mission agreed with the authorities regarding the monitoring of processing payment vouchers sent to the Central Reserve Bank of El Salvador by banks and other entities paying remittances for amounts exceeding the threshold of US$500 to complete the personal transfers’ estimates.
International Monetary Fund. Asia and Pacific Dept

Local Government Financing Vehicles Revisited 1 Local government financing vehicles (LGFVs) in China are widely recognized for their important role in funding public infrastructure. Financial statement data however show that their activities are considerably more expansive, including varied forms of financial support for local governments, firms, and the property market, much of which is not captured in earnings statements. These activities have not only increased these vehicles’ size and interconnectedness, adding to their already considerable financial

International Monetary Fund. Monetary and Capital Markets Department

to engage in short-term, procyclical activities. 51 Furthermore, many corporate officers have noted the rising tension between company sponsors and their defined benefit pension funds, as sponsors seek to manage down the potential earnings volatility from their pension funds. As such, pursuant to a full implementation of fair value accounting (i.e., whereby all valuation changes are reported through the earnings statement) companies with large pension funds may have greater incentives to procyclically sell assets during market downturns to limit valuation effects

International Monetary Fund. Monetary and Capital Markets Department

ability to prepare risk reports. Furthermore, the extent to which limit breach follow-up actions are delayed by working remotely should be assessed. Accounting and Finance The scope of a remote on-site examination on the accounting and finance area can be undertaken with a similar scope and assessment as a regular on-site examination . Similar to risk management, policies and procedures can be easily examined digitally and the same holds for the adequacy of the board and senior management oversight over the finance function. Capital and earnings statements are

International Monetary Fund. Statistics Dept.

corresponding clarifications in cases where the discrepancies are significant. 30. Thus, the DBP takes care to ensure the consistency of information among the different sources to which it has access, such as data from the enterprises (based on earnings statements and the general balance sheet); customs data; data from the Import and Export Processing Center; data from the BIT (recording, for example, the entry of cash that the parent company sends via bank deposits); and the surveys conducted by the DBP, primarily the survey of direct investment. D. Coordinated

International Monetary Fund. Monetary and Capital Markets Department
The RBZ is in the process of recommencing on-site examinations, but due to COVID-19 operational restrictions, these will need to be undertaken remotely. The RBZ has developed a draft remote examination framework document to guide this work and requested AFS assistance to review the framework, and also provide information on how other supervisors are undertaking examinations remotely. The mission provided training on international practice of remote examinations, which was presented by supervisors from the Bank of Ghana (BOG), Bank of Thailand (BOT) and the De Nederlandsche Bank (DNB) and reviewed the draft remote examination framework document. The training covered adjustments to examination framework and operational issues and key points of consideration when undertaking examinations remotely. The mission also reviewed the RBZ consolidated examination manual, to provide feedback to the RBZ on the feasibility of undertaking supervisory examinations remotely, as described in the manual and provide points for consideration for undertaking such examination remotely.
International Monetary Fund

are taken from Bankscope. The interest rate spread on unrestricted lending (that is, not taking into account reserve requirements) is a policy variable of the bank, which can be affected by several factors. Appendix I describes the decomposition of the spread into several factors that might influence it. Data on deposits include nonresident accounts. Data on provisions is taken from the earnings statements, and therefore, represent flow data. 2/ Interest Rate on unrestricted lending. 3/ Data on net foreign exchange revaluation gains for 1999–2001 for

International Monetary Fund
This technical note explores the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared with some other economies. Rapid progress is being made in developing an efficient banking sector, and further improvements will depend on good supervisory and regulatory enforcement. The level of financial intermediation, although high among neighboring countries and growing, is still low in broader comparisons.