Statistical Notices to Reporting Banks 2005/06
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Statistical Notices should be received by all those responsible for the completion of Bank of England returns. To amend the circulation list please contact Stuart Jordeson (Tel. 020 7601 3644).
- Reporting of profits for subsidiaries abroad and non-resident owned banks in the UK on Form PL (effective immediately)
- Statistical Reporting Seminars (replies by 31 October please)
- Technical specification for electronic reporting (effective end-December 2005 reporting)
- Treatment of Securitisation Vehicles (guidance)
- Reporting of emissions certificates (guidance)
- International Financial Reporting Standards (IFRS) (reminder)
- Publication schedule for 2006/2007 (update)
- Contents page for Yellow Folder (update)
1. Reporting of profits for subsidiaries abroad and non-resident owned banks in the UK on Form PL (effective immediately)
Further to the Statistical
Notice 2005/01, banks that report items PL31
and PL32 should now be reporting on the basis of post-tax profits
before dividends. The reporting form available on the Internet has
been updated to reflect this change; a copy of the amended
validation form is attached below for insertion in the Yellow
Folder.
If you have any queries relating to these changes please
contact Richard Button (Tel. 020 7601 4174) or Martin
Udy (Tel. 020 7601 4731).
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Statistical Notice 2005/01 |
 |
Validation Form PL |
2. Statistical Reporting Seminars (replies
by 31 October please)
We will be running some briefing seminars towards the end of November 2005.
These will cover the following:
Half day for beginners (afternoon of Wednesday
23 November)
CRDs, Reporting populations, Statistical notices
and Yellow Folder
Data Reception
Outputs (including Bankstats and the Internet)
General Overview of forms (specifically BT, PL)
General Overview of EMU forms
Half day for specific forms (afternoon
Monday 28 November)
BT, BE, Q1(D), AD, AL, QX
Half day for specific forms (morning
of Tuesday 29 November)
PL, P1, BG, HI, HO,QX Section 7, ER, "C" Forms
These two sessions are aimed at those with less
experience of the forms and will cover:
- Common problem areas/areas where reporting is
open to misinterpretation
- The plausibility process including thresholds
and examples of good and bad answers
- Any changes to the forms during the last year
- Our timetable
To help us make the sessions as
focussed as possible we would be grateful if
banks could provide us
with details of any specific problem area when
they apply for places.
As before, the seminars will be held in the Conference
Centre here at the Bank. For your convenience
a form for your reply is attached, or alternatively,
please contact Irene
Coleman (Tel. 020 7601 5574)
indicating which session(s) you would like to
attend.
Full agendas for the seminars will be sent out
with confirmation letters.
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Reply Slip |
3. Technical specification for electronic reporting (effective
end-December 2005 reporting)
The technical specification for electronic reporting
has been updated with the amended Form CL (as
detailed in Statistical Notice 2005/03, dated 13
May 2005). This version should be used for completion
of Form
CL with effect from end-December
2005 reporting.
If you have any queries regarding electronic
reporting please contact Leslie
Lambert (Tel.
020 7601 4544).
|
Statistical Notice 2005/03 |
|
Technical Specification for Electronic Reporting |
4. Treatment of Securitisation Vehicles (guidance)
Under IFRS, securitised assets held in off balance sheet
securitised vehicle companies will revert to the balance
sheet of the originator if the latter retains an interest.
Several reporters have sought clarification on the appropriate
treatment for statistical reporting.
For Form BT and other statistical balance sheet
forms any assets which have been securitised
(or are in the process of securitisation through a vehicle
company
established for the purpose) should be excluded
from the statistical return provided the following conditions
apply:
(i) that the vehicle company can engage in
financial intermediation, for example if it has the
right and authority to issue securities backed by the
(aforementioned) assets that may be bought by third
parties either on issuance or subsequently; and
(ii) that a separate full set of accounts can
be made available.
If you have any queries relating to this guidance please contact the Help Desk on 020 7601 5360.
5. Reporting
of emissions certificates (guidance)
In recent months, UK-resident banks have started to become active in trading
emission certificates, provided as part of the UK emissions trading scheme
and EU emissions trading scheme. Holdings of these certificates should
be reported under item 35B on the Form BT (fixed assets, commodities owned
etc).
An updated page of the Form BT definitions is attached below
for insertion in the Yellow Folder. If you have any queries relating
to this guidance please contact the Help Desk on 020 7601
5360.
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Page 27 of BT Defintions |
6. International Financial Reporting Standards (IFRS) (reminder)
Various items of guidance have been set out for International Financial
Reporting Standards (IFRS), in previous Statistical Notices,
in particular
Statistical Notice 2004/06 Item 1.9,
and through the frequently
asked questions area
of our website.
If, as a result of IFRS, banks change the treatment
for any balance
sheet items could you please contact Martin
Daines (Tel.
020 7601 5600), in order to quantify the impact of these changes.
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Statistical Notice 2004/06 |
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Frequently asked questions |
7. Publication schedule for 2006/2007 (update)
|
Publication Schedule 2006/2007 |
8. Contents page for Yellow Folder (update)
|
Updated contents page for Yellow Folder |
Bank of England
Monetary & Financial Statistics Division
30 September 2005
