Illustrative Data Questionnaires for Comprehensive Financial Sector Assessment
This appendix complements chapter 2 and provides some additional guidance on the sort of quantitative data that should be collected to facilitate the analysis of different aspects of financial stability and of financial structure and development. The precise scope and content of data needed will be country specific to reflect its structural and institutional circumstances. Nevertheless, the appendix seeks to present a generally useful set of indicators and tabular formats and to present the sort of additional indicators that could be useful to capture differences in financial structure and in the state of financial development. The sequence in which the questionnaire—or list of data needed—is presented reflects the organization and coverage of the Handbook. The broad coverage of the questionnaire is as follows:
• General data on the financial system, covering financial structure and its development
• Data and tables for financial system stability assessments
• Data on ownership structure, concentration, exposures, profitability, and costs of banking system in the aggregate and for different peer groups of banks
• Data on the structure and operation of insurance companies, security markets, pension funds, and other financial institutions
• Data on the functioning of money, exchange and government debt markets, payment settlement systems, financial safety nets, insolvency regime, and corporate governance arrangements
• Country-specific data on specific subsectors, markets, or issues for in-depth analysis (taxation of financial services and assessing adequacy of access are presented as examples)
Qualitative information on legal institutional and operational arrangements for financial sector supervision and financial system infrastructure are covered mostly as part of the templates for assessing observance of standards and are not covered in this appendix.
The general questionnaire on the financial system seeks to compile data on the structure, composition, and interrelationships in the financial system, and on the key components of aggregate balance sheet and income statements of major categories of institutions, including various peer groups of banks and banks in the aggregate. Tables B.1, B.2, and B.3 illustrate the data sets typically presented to characterize the recent evolution of financial structure (such as the number of institutions, shares in total assets, or share of assets to GDP) and key balance sheet and performance indicators for the banking system as a whole.
Table B.4 provides measures of financial system interconnectedness.
Table B.5 shows financial soundness indicators for banking—both core and encouraged sets—as defined in the International Monetary Fund’s Compilation Guide on Financial Soundness Indicators.
Additional data on ownership, concentration, exposures, profitability, and costs are compiled as needed, depending on relevance to country circumstances. Such data are listed in table B.6.
Data needed for stress testing, as characterized in table B.7, will vary widely, depending upon the scope and depth of the exercise, as well as on the stress testing approaches used (see the technical note on stress testing that accompanies chapter 3). These data will generally depend on the size and complexity of the financial system and on the types of risks it is facing. For small systems with few sophisticated financial tools, rudimentary stress tests can be carried out with bank-by-bank data about financial soundness indicators. For most systems, however, additional data may be needed, for example, on the maturity and repricing structure of assets and liabilities. Data needs will generally be much higher in complex financial systems. Having financial institutions carry out the actual calculations that are based on common scenarios and methodologies may help reduce the data that need to be collected and processed in one place. In most systems, the input data will need to cover the basic types of risk (such as credit risk); however, in some systems, additional data on specific risks may be needed (e. g., commodity price risk in systems where the preliminary analysis suggests that this may be an important issue). Construction of scenarios for stress testing and the analysis of financial soundness indicators typically require a range of macroeconomic, as well as financial markets data.
Data to assess the structure and performance of insurance companies (table B.8) are provided separately for life insurance and non-life insurance business. They cover major balance-sheet items, which are classified by type of instruments and maturity, key components of incomes and expenditures, and information on the structure of the industry in terms of the following: number of companies, their distribution by asset size, or their premium income (or gross written premiums, for non-life insurance businesses) and related indicators of performance, solvency, and concentration.
Data needed to formulate an overview of capital markets, as well as the structure performance and efficiency of the markets, including its stocks exchanges, are indicated in table B.9. Such data are also needed in the context of both corporate governance
assessments, as well as assessments of International Organization of Securities Commissions Objectives and Principles for the regulation of securities markets.
Data needed to assess the structure and performance of pension funds and mutual funds make up table B.10.
Data needed for the analysis of other financial institutions, including nonbank financial institutions (other than security firms, insurance, and pension funds) and specialized finance companies, make up table B.11.
Data on systematic liquidity infrastructure, including money, exchange, and government debt markets and operations, plus payment settlement systems, make up tables B.12 and B.13.
Data on legal, governance, and information infrastructure, including financial safety nets and insolvency regime, make up table B.14.
Data to assess financial sector taxation and access to financial services are shown in tables B.15 and B.16, respectively.
Table B.1. Financial System Structure
Annual data for recent period
Assets billion Percent of
Number local currency) total assets
A. Depository institutions
Commercial banks—total Large domestic banks Major foreign banks Other banks Development banks Credit unions and cooperative Microfinance institutions Building societies
Other non-bank depository institutions
B. Non-depository intermediaries
Insurance companies Life and retirement Non-life Pension funds
Collective investment schemes
Money market mutual funds
Finance companies (including leasing and venture capital)
Securities firms
Other (specify)
C. Total financial system
Memorandum items:
Banks that are more than 50 percent owned by government
Banks that are foreign owned or controlled Subsidiaries of foreign banks in country Y Branches of foreign banks in country Y Subsidiaries of country Y's banks abroad Branches of country Y's banks abroad
Table B.2. Aggregate Balance Sheet for the Banking System
Table B.1. (continued)
Annual data for recent periods
Average placements Average government securities Average investments Average other earning assets Average net earning assets Average deposits Average other liabilities Average capital
D. Performance indicators
Measures of capital adequacy
34. Gearing ratio: [(24 - 32 - 75 percent of 20) / (11 + 12 + 13)]a
35. Core capital / total deposits [27 / (11 + 12 + 13)]
36. Core capital / TRWA (27 / 30)
37. Total capital / TRWA (29 / 30)
Measure of liquidity
38. Liquidity ratio (per liquidity statement)
39. Cash ratio
Measure of asset quality
40. NPLs and gross advances (26 / 6c)
41. (NPLs - provisions for bad debts) / gross advances [(26 - 6d) / 6c]
42. Provisions for bad debts / NPLs (6d / 26)
43. Advances / deposits [6c / (11 + 12 + 13)]
44. NPAs / assets ratio [(26 + 31/10 + 6d)]
Note: NPLs = nonperforming loans; TRWA = total risk weighted assets; TEAs = total earnings assets; NPAs = nonperforming assets.
a.
Numbers indicate line numbers in the table.
Table B.3. Profit and Loss Analysis for the Banking System
Annual data for recent periods |
||
A. Income |
||
51. |
Interest on advances |
|
52. |
Interest on placement |
|
53. |
Dividend income |
|
54. |
Interest on government securities |
|
55. |
Foreign exchange gain (loss) |
|
56. |
Other interest income |
|
57. |
Other income |
|
58. |
Total income |
|
B. Expenses |
||
59. |
Interest on deposits |
|
60. |
Other interest expenses |
|
61. |
Occupancy expenses |
|
62. |
Director's emoluments |
|
63. |
Bad debts charge |
|
64. |
Salaries and wages |
|
65. |
Other expenses |
|
66. |
Total expenses |
|
67. |
Profit before taxation |
|
68. |
Number of employees |
|
69. |
Number of branches |
|
C. Performance indicators |
||
70. |
Yield on earning assets [(51 + 52 + 53 + 54 + 56) / 33]a |
|
71. |
Cost of funding earning assets [(59 + 60) / 33] |
|
72. |
Interest margin on earning assets |
|
73. |
Yield on gross advances (51 / 6c) |
|
74. |
Cost of deposits (59 + 60) / (11 + 12) |
|
75. |
Return on assets (including contingencies) 67 / (10 + 6d + 25) |
|
76. |
Return on shareholders funds (67 / 24) |
|
77. |
Overheads (noninterest expenses) / total income (61 + 62 + 63 + 64 + 65) / 58 |
|
78. |
Bad debts charge / total earnings (63 / 58) |
a. Numbers indicate line numbers in the table. |
Table B.4. Measures of Financial System Interconnectedness
(units in local currency)
Annual data for recent periods
Banking system lending (exposure) to shareholders'3 On-balance sheet Off-balance sheet
Banking system lending (exposure) to Insurance companies Finance companies Securities firms Pension funds
Banking system equity investments in Insurance companies Finance companies Securities firms Pension funds
Gross interbank lending (exposure) tob Domestic banks
Foreign banks—parent or related company Foreign banks—unrelated
a. Banking system is defined here to include banks and all quasi-banks formally classified as nonbank financial institutions.
b.
For these data, domestic banks are defined as all banks operating in the country (i. e., including foreign-owned banks).
Table B.5. Financial Soundness Indicators for the Banking Sector
(in percent, unless otherwise indicated)
Annual (or quarterly) data
for recent periods
Capital adequacy
Regulatory capital to risk-weighted assetsa Regulatory tier I capital to risk-weighted assetsa Capital (net worth) to assets Asset composition and quality
Sectoral distribution of loans to total loansa
Sector A—please list the 5 to 10 most important sectors
Sector B
Sector C
Sector D
Sector E
Geographical distribution of loans to total loans
Country A—please list three most important countries Country B Country C
FX loans to total loans
NPLs to gross loansa
NPLs net of provisions to capitala
Large exposures to capitala
Gross asset position in derivatives to capital
Gross liability position in derivatives to capital
Sector E
Earnings and profitability ROAa ROEa
Interest margin to gross incomea Noninterest expenses to gross incomea Personnel expenses to noninterest expenses Trading and fee income to total income Spread between reference loan and deposit rates Liquidity
Liquid assets to total assetsa Liquid assets to total short-term liabilitiesa Customer deposits to total (noninterbank) loans FX liabilities to total liabilities Sensitivity to market risk
Net open positions in FX to capitala Net open positions in equities to capitala
Note: FX = foreign exchange; NPL = nonperforming loans; ROA = return on assets; ROE = return on equity. a. Included in the "core set" of financial soundness indicators.
Table B.6. Data on Ownership, Exposures, Profitability, and Costs in Banking
(in percent, unless otherwise indicated)
Share in total assets, or in the assets of the 10 largest banks of state-owned financial institutions
Share in the capital of all banks or of 10 largest banks of industrial or financial agglomerates
Classification of assets into normal, precautionary substandard, doubtful, and loss and the associated provisioning amounts
Value of connected lending for banks in the aggregate and for peers groups
Value of loans to large customers (regulatory definition that is based on specified thresholds for each bank)
Holdings of real estate by financial institutions—not related to provision of banking services
Deposits and claims of all banks held abroad classified by country; deposits in related banks by foreign owned banks
Unused lines of credit and guarantees provided by banks against different types of counterparties:
Domestic nonfinancial firms
Foreign banks
Foreign nonfinancial firms
Domestic government and states
Off-balance-sheet exposures to various types of derivative contracts in domestic and foreign currency units
Sources of revenue for all banks and peer groups of banks:
Lending
ATM/Deposit account services Trust
Security underwriting and market making Proprietary trading
Fees on investment and other traditional off-balance sheet activities
Data on interest rate spread (average yield on loans minus average cost of deposit) for both dollar and domestic currency intermediation by various peer groups of banks
Note: ATM = automated teller machine.
Table B.7. Stress Testing of Banking Systems: Overview of Input Dataa
(all data should be bank-by-bank)
Annual data for recent periods
General
Basic balance sheet and income statement data, in particular capital, assets, risk - weighted assets, profits, net interest income
Credit risk
Breakdown of total loans by classification categories
Loan loss provisions (total or by the above classification groups)
Breakdown of loans by currency of denomination (and by classification)
Breakdown of loans by sectors (and by classification)13 Interest rate riskc
Maturity or repricing structure of assets and liabilities and off-balance sheet positions Holdings of debt securities by banks, duration of these holdings Exchange rate riskd
Currency breakdown of assets, liabilities, and off-balance-sheet positions
If substantial off-balance-sheet positions, other information (such as deltas of FX options) may be needed
Interbank contagion risk
Uncollaterized lending (and similar) exposures between bank i and j, for all pairs of banks
Other risks
Depending on the features of the financial system, may include more detailed data on exposures such as equity holdings, real estate exposures (including collateral), commodity exposures
Other data
Selected macroeconomic indicators (e. g., interest rates, exchange rates, output growth rates)
Selected data on borrowers (e. g., corporate sector leverage, by economic sector)
Note: FX = foreign exchange.
a. The input data shown here are for a simple stress test in a small, noncomplex system with a large role of banks facing a standard set of interest rate, exchange rate, and credit risks. The data requirements will generally be much higher for complex financial systems. They also may be different for systems in which preliminary analysis suggests substantial exposures to specific risks, such as commodity price risk or real estate price risk. In systems with substantial role of nonbank financial institutions, additional data may be included for those.
b. The sectors may be defined by main activity (e. g., agriculture, manufacturing) or by residency or legal form (e. g., residents or nonresidents, households/firms).
c. These items are only direct interest rate and exchange rate risks, respectively. Data on indirect risks (i. e., interest or exchange rate induced changes in credit risk) are under credit risk.
Annual data for recent periods
Structure and concentration
Number and total assets of insurance companies by type of ownership:
Joint stock
Mutual
State-owned
Foreign-owned or controlled
Number and total assets of branches and subsidiaries of different types of insurance companies operating domestically and abroad
Number and total assets of domestic and foreign reinsurance companies operating domestically
Frequency distribution of asset size or premium incomes or new business of insurance companies and concentration indicators such as the shares of three or five largest insurance companies in terms of the chosen indicator
Ownership structure of insurance sector, such as the share of capital of all insurers or largest insurers, held by government, overseas insurance group, mutual, bank, other financial services or industrial group, and the like
Operation and performance
Gross and net (of reinsurance) domestic premium income reported (earned for nonlife insurance)—in currency and as percentage of GDP
Domestic policy holder liabilities (as a percentage of GDP) and as a percentage of domestic commercial and savings bank deposits
Capital and surplus (life) or net assets (non-life) as a percentage of net policy holder liabilities
Net nondomestic premium income reported (earned for nonlife insurance)
Investment portfolio net of investment in subsidiaries
Percentage of gross written and net written premium for each main type of insurance product
Number of insurer new entrants and exits in the past 10-15 years
Distribution costs, operating expenses, commissions, and reinsurance premiums for major insurance products and lines of business as a percentage of sales (new business for life, gross written for nonlife insurance)
Surplus or profit—before and after tax—as a percentage of beginning capital and surplus or shareholder's funds, as a percentage of annual premiums and of average total assets
Gross rate of return on investment and total assets
Asset composition and investment policy of different insurers (e. g., life, property, casualty, which is based on amounts [and shares] invested in various asset classes [e. g., short-term paper, long-term paper government bonds, corporate bonds, corporate equities (listed and unlisted), real estate, loans to private sector] foreign assets also classified by type of securities, and currency of denomination
Liability composition in terms of various asset classes, including insurance reserves and own funds, both domestic and foreign
Contingent and off-balance-sheet accounts, including derivatives and asset swaps.
Actual solvency margins, required minimum solvency margins, separately for life and nonlife business, and for large insurance groups on a consolidated basis.
Note: GDP = gross domestic product.
Annual data for recent periods
Overview and structure security of markets
Number of stock exchanges (list of country's stock exchanges and other regulated markets, including junior and OTC markets)
Number of listed companies (official lists of publicly traded companies)
Ownership ratios of domestic and foreign investors in listed companies Share of most actively traded (top three to five equities) shares in total traded value Market capitalization of listed companies as percentage of GDP
as percentage of all companies including privately held and state owned
Number and value of transactions in each major market and for companies in major indices
Turnover ratio
Total Number of shares outstanding Percentage of closely held stocks and "float"
Value and number new issues
Value as a percentage of total fixed capital formation Number of delistings and their value Number and size of merger transactions
Classification of number and market capitalization of listed companies by industrial sectors (according to SIC codes)
Number of companies in each sector
Market capitalization of the sector
Maximum, minimum, and medium market capitalization in each sector Average price earnings ratio in each sector
Return on equity (over 3 years, assuming dividends are reinvested)
Assets under management (bonds and equity separately of pension funds, mutual funds, banks, insurance companies, retail investors, foreign)
Number and total assets held and total capital of market markers, primary dealers, and brokers in the bond and equity markets
Number and list of credit rating agencies and their range of services
Number and list of clearing and settlement facilities, including securities depositories and the range of their services
Cost of new issues, cost of trading, including settlement cost, in secondary markets, including OTC markets
Fixed income securities
Government bond holdings and trading volume of different classes of investors (e. g., pension funds, primary dealers, retail investors, banks)
Maturity profile of outstanding government debt and non-government debt separately.
Outstanding amounts and new sales of government bonds by type of instruments, selling techniques (auction, and on tap), and frequency or timing of issues
Market value, interest rate, face value, and new issues of nongovernment bonds by type and maturity
Cost of new issues and cost of trading non-government debt
Outstanding volume by rating category (AAA, AA+, AA, BB), average (or maximum and minimum) size of capital of the issuer in each rating grade, total number of issuers, average maturity, percentage of face value that is guaranteed (if applicable)
Trading volume, average number of trades per trading day (for most active and least active issues), average quote size, bid-ask spreads, and quarterly standard deviation of price or yield change
Table B.9. (continued)
Holdings of corporate bonds by various classes of financial institutions
Outstanding amount and issuance of various types of securitized assets, by maturity, and type of issuing institutions; holdings of securitized assets by different types of financial institutions
Derivatives
Number and types of guaranteed derivative contracts
Annual and daily average volume of trading in guaranteed derivative contracts and their notional and market values
Volume of trading in derivatives classified by type of investor
Number and types of OTC contracts; annual and daily average turnover in OTC contracts and their notional and market values
Table B.10. Structure and Performance of Pension and Investment Funds
(annual data for selected periods)
Mandatory pension schemes
Number and total assets of pension funds
Holdings by categories of assets (e. g., government bonds, equities, loans, deposits) and an indication of applicable investment rules for each category
Value of derivatives and asset swaps in the portfolio
Capitalization and amount of deposited funds in each pension fund
Returns on pension fund assets and return on pension fund deposits, and other financial performance indicators
Disclosure requirements and related data
Occupational pension schemes
Number and total assets of pension funds
Holdings by categories of assets (e. g., government bonds, equities, loans, and deposits) and an indication of applicable investment rules for each category
Value of derivatives and asset swaps in the portfolio
Capitalization and amount of deposited funds in each pension fund
Returns on pension fund assets and return on pension fund deposits, and other financial performance indicators
Disclosure requirements and related data
Investment funds
Number and total assets of all licensed investment and mutual funds
Number and total assets of different types or classes of mutual funds (e. g., bonds, equity, mixed, money market)
Number of mutual fund families and types of sponsors (foreign owned or connected with foreign financial institutions and domestically sponsored)
Size distribution of mutual and investment funds (and mutual fund families) including the share of total net assets of the three largest mutual funds and the largest three fund families
Data on composition of assets (distinguished between short-term paper, longer-term instruments, overseas securities, and loans to private sector) of all mutual funds
Data on total foreign assets of mutual fund and investment companies
Data on volume of purchases and redemptions of mutual funds
Data on returns, entry (or exit) commissions, management fees of different types of mutual funds
Annual data for recent periods
Number and total assets of
Nonbank, non-deposit-taking financial institutions Leasing companies providing financial leasing facilities'3 Leasing companies providing operating leasing facilities0 Factoring companies
Institutions providing SME or microfinance
Government-owned or joint (public-private) specialized banks or financial institutions Institution that specialize in primary housing loans Primary sources of funds (e. g., private or public equity, bond issues) for Nonbank non-deposit-taking financial institutions generally Leasing companies Factoring
SME and microfinance providers Specialized institutions
Note: SME = small and medium enterprise
a. See definition in chapter 6. It includes non-bank financial institutions—other than security market intermediaries, insurance firms, and pension funds—that are both deposit taking, and non-deposit-taking banks that provide a range of specialized financial services.
b. Financial leasing can be defined as a leasing arrangement wherein the lessee takes on most of the benefit and burden of ownership of the leased asset—lease payments make up a large part, if not all, of the leased asset's cost, and the title to the asset will most likely pass on to the lessee at the end of the lease.
c. Operating leasing is generally defined as a leasing arrangement wherein the lessor retains many of the benefits and burdens of ownership of the leased asset, such as the right to claim depreciation or other tax benefits of ownership. The term of the lease generally lasts for only a portion of the working life of the asset, and title is retained by the lessor.
Inter-bank money market8
Average daily volume of the transactions and the bid and offer interest rates (or average, maximum, and minimum interest rates) broken down by maturity (e. g., overnight, 1 week, 2 week) and by instruments (e. g., unsecured inter-bank loans, repos, and so forth)
Aggregate data on financial institution's exposure to the interbank money market by type of financial institution and by maturity (quarterly)
Average daily volume or end period volume and yield to maturity of central bank bills (if any), treasury bills, and commercial bank bills, and negotiable certificate of deposits sold on the primary issue market (by maturity)
Average daily volume (or total during a period) and yield to maturity of central bank bills, treasury bills, and bank bills, plus NCDs (of different residual maturities) transacted in the secondary markets
Ownership structure (e. g., domestic versus foreign, banks, nonbanks, public, private) of key money market instruments
Interbank foreign exchange markets
Average (or end of period) domestic currency or USD exchange rate on the spot market, bid, and offer spot exchange rates, and average daily volume of transactions (number and value) on the spot market
Average domestic currency or USD exchange rate and average and total volume (number and value) of forward transactions (by maturity)
Distribution of foreign exchange transactions by type of investor
Volume of central bank operations in the spot—and forward FX market
Central bank or monetary authority, liquidity management operations (excludes emergency lending)
Value and frequency of liquidity management operations (open market operations in specified money market or other market instruments) by the central bank
Aggregate (end of period stock) liquidity provided to or withdrawn from the banking system as a result of OMOs
LOLR activities (outstanding stock and rates) broken down by type of instrument, types of borrower, and currency, including standing and discretionary loan facilities, access limit per institution (average), and interest rates charged (by maturity structure and type of loan collateral)
Number of institutions that account for 50 percent or 70 percent of total liquidity provided through discount window or other liquidity adjustment facilities
Data on liquidity ratios (if any) imposed by Central Bank by type of authorized financial institutions
Foreign exchange SWAP arrangements with foreign central banks, monetary authorities, and commercial banks
Required reserves, excess reserves, and free reserves, and selected liquidity ratios
Public debt management and government bond markets
Public sector debt that is outstanding, broken down by issuer (central government, central bank, state-owned entities, state local governments), by instrument, by type of investor, and by maturity
Public sector holdings of liquid financial assets
Average duration or term to maturity of government debt outstanding
Note: NCDs = negotiable certificates of deposit; USD = U. S. dollars; FX = foreign exchange; OMOs = open market operations; LOLR = lender of last resort.
Volume and value of transactions processed in specified payment settlement systems, including
Number of participants
Daily average volume and value processed
Projected trends in volume or value
Breakdown of payment transactions by financial market transactions, commercial transactions, and consumer transactions
Frequency distribution of number of participants by value groupings Netting ratio Concentration ratio
Overnight or intraday credit—size and rates
Volume and type of transactions returned or not processed at the completion of clearing and settlement process
Average time to settle—for recent months and for 3 peak days—after payments enter the system for testing through the day for payment by size; number and value of payments in various "time to settle" bands
Average number and value of queued payments in recent months and on peak days
Total notes and coins issues, transferable deposits, narrow money supply, transferable deposits in foreign currency and broad money
Required reserves, portion of required reserves available for settlement, excess reserves, transferable interbank deposits, central bank credit to banks (both in domestic and foreign currency)
Volume and value of transactions by payment instrument:
• checks (domestic, foreign currency) and payment by cards (credit, debit, and stored value)
• Paper-based credit transfers (customer initiated, interbank large value)
• Paperless credit transfers (customer initiated, interbank or large value, direct debits, e-money, other)
Number of checking accounts, ATMs, POS, ATM-debit cards, credit cards.
Total volume and value (annual) of transactions in various interbank transfer systems (low-value systems, large-value systems, domestic and foreign currency transaction)
Volume and value of instructions handled by various securities settlement systems (government, securities, corporate shares, corporate debt, other)
Note: ATMs = automated teller machines; POS = point of sale.
Annual data for recent periods
Safety net and emergency
Size distribution of deposits for the banking system and for major banks, and the percentage of total deposits (and depositors) that is insured
Depositor payouts—amounts and number of depositors—by deposit protection fund
Timing, number of banks, value of assets, and duration of the operation for various types of bank intervention operation (e. g., statutory management, bank license withdrawals, liquidation, purchase and assumption, government takeover)
Size of operations and their timing for policy holder and investment protection funds Volume and terms of emergency lending operations and their rationale Insolvency regime and creditor rights
Volume and percentage of total of different types of lending (e. g., corporate, personal, real estate, automobile), connected lending, and large exposures in banks, NBFIs, and DFIs
Percentage of corporate loans that is securitized, classified by type of security
Level and percentage of NPL in banks, NBFIs, and DFIs, classified by type of lending and by industry; value and percentage of classified loans in each classification category
Number of credits, amounts, and percentages (as a percentage of total credit under collection or recovery) in each of the following:
• Sale of credit to a third party
• Debt rescheduling
• Informal workout
• Nonjudicial foreclosure or execution
• Judicial foreclosure (immoveable assets)
• Judicial proceedings and execution (moveable assets)
• Liquidation proceedings (bankruptcy)
• Rehabilitation proceedings (e. g., formal, court supervised) debt to-equity conversion
• Other (describe, country specific)
For each of the above categories of debt resolution, annual data on
• Average recovery rates (as a percentage of total credit, plus interest due)
• Average recovery rate (as a percentage of nominal value of credit)
• Average duration of recovery
• Average costs incurred in trying to collect the loans (e. g., costs of litigation, costs for external lawyers)
Corporate governance
Overview of capital markets (see table B.9)
Number, number of employees, sales, assets of companies by types of ownership and incorporation (e. g., proprietorship, partnership, limited liability company), and by listed and nonlisted separately
Percentage of the listed sector owned by state, foreign, domestic; institutional investors, holding companies, families, and so forth and items such as indicators of ownerships concentration and pyramid structures
Note: NBFI = nonbank financial institution; DFI = development finance institution.
Tax treatment—rate, withholding, deductions and exemptions if any—of incomes (interest, dividend, capital gain) from different categories of financial assets (e. g., deposits, stocks, bonds)
Tax treatment—rate, deductible items such as loan loss provisions and other exclusion—of incomes, transactions or gross receipts (or other VAT and sales tax) of various classes of financial institutions
Tax treatment of transactions in different financial markets
Tax treatment of pension funds and life insurance—tax rates on premia or contributions— on earnings on the fund while invested and on withdrawals or pensions
Remuneration of required reserves and excess reserves
Note: VAT = value added tax.