## Third Review Group Meeting on the Handbook on Securities Statistics

## Source details

**Canonical URL:** [Third Review Group Meeting on the Handbook on Securities Statistics](https://www.imf.org/-/media/files/data/statistics/wgsd/101211.pdf)

## Other formats

- [Markdown version](/-/media/files/data/statistics/wgsd/101211.pdf.md)
- [Structured JSON version](/-/media/files/data/statistics/wgsd/101211.pdf.json)

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### Meeting logistics and overview
- The event was held October 12–13, 2011, in Washington, D.C., 700 19th Street, N.W., Meeting Halls A and B (HQ1-03-500 A and B).
- Daily timings and breaks were scheduled as follows:
  - October 12, 2011: Coffee 8:15–9:30; sessions from 9:30 to 18:00 with coffee and lunch breaks at 11:00–11:30 and 12:30–13:00, and lunch 13:00–14:30; afternoon coffee 15:45–16:15.
  - October 13, 2011: Coffee 8:00–9:00; sessions from 9:00 to 15:45 with coffee break 11:00–11:30 and lunch 13:00–14:30.
- Chair and key institutional roles:
  - Alfredo M. Leone, Chairman, Working Group on Securities Databases and Deputy Director, Statistics Department (IMF), provided the welcome address and led progress reporting and conclusions.
  - Werner Bier, Deputy Director, General Statistics (ECB), provided the meeting introduction and led sessions on Part 3 scope, Data Structure Definition (DSD), and merging Parts 1 to 3.
  - Reimund Mink, former Senior Adviser (ECB), led multiple technical sessions on equity securities, institutional sectors, positions/flows/income, specific operations, from-whom-to-whom framework, and detailed presentation tables.

### Major themes, session topics, and presenters
- Part 3 scope and conceptual framework
  - Presenter: Werner Bier, Deputy Director, General Statistics (ECB).
  - Topics: Scope of Part 3 of the Handbook; the conceptual framework.
- Equity securities as financial instruments
  - Presenter: Reimund Mink, former Senior Adviser (ECB).
  - Topics: Definitions; main features of equity securities; shares, investment fund shares or units; special cases.
- Institutional units and sectors as issuers and holders of equity securities
  - Presenter: Reimund Mink, former Senior Adviser (ECB).
  - Topics: Classification schemes; issuers and holders; aggregation and consolidation.
- Positions, flows, and income of equity securities
  - Presenter: Reimund Mink, former Senior Adviser (ECB).
  - Topics: Quadruple-entry accounting and time of recording; valuation principles and time of recording; relationship between positions and flows; gross and net transactions; revaluations; other changes in the volume of assets and liabilities; income attributed to holders of equity securities.
- Specific operations related to equity securities
  - Presenter: Reimund Mink, former Senior Adviser (ECB).
  - Topics: Mergers and acquisitions; privatization and nationalization; debt-for-equity swaps.
- Equity securities in a from-whom-to-whom framework
  - Presenter: Reimund Mink, former Senior Adviser (ECB).
- Annexes and special topics
  - Presenters: John Joisce, Senior Economist (IMF) on The Coordinated Direct Investment Survey (CDIS); Reimund Mink on valuation of unlisted shares and SNA 2008 and the corporate group approach.
- Detailed presentation tables and collection issues
  - Presenter: Reimund Mink, former Senior Adviser (ECB), on detailed presentation tables and on links to Recommendations 12 (IIP), 15 (Sectoral Accounts), and 17 (Government Finance Statistics).
  - Branimir Gruic, Statistical Analyst (BIS), on reporting and dissemination of data on debt securities issues and holdings.
  - Reimund Mink on equity securities issues and holdings.
- Data Structure Definition (DSD) for securities statistics
  - Presenter: Werner Bier, Deputy Director, General Statistics (ECB).
- Follow-up actions
  - Presenters: Werner Bier and Reimund Mink on merging of Parts 1 to 3 into a single volume.
  - Closing address: Adelheid Burgi-Schmelz, Director, Statistics Department (IMF).

### Key agenda timings and session sequencing (October 12, 2011)
- 9:30–9:45 Welcome address (Alfredo M. Leone).
- 9:45–10:00 Introduction to the meeting, running order (Werner Bier).
- 10:00–10:15 General questions on Part 3 (Reimund Mink).
- 10:15–10:30 1. Introduction (Werner Bier).
- 10:30–11:00 2. Equity securities as financial instruments (Reimund Mink).
- 11:30–12:00 Continued 2. Equity securities (shares, investment fund shares or units; special cases).
- 12:00–12:30 3. Institutional units and sectors as issuers and holders (Reimund Mink).
- 12:30–13:00 Progress report on the G-20 recommendations (Alfredo M. Leone).
- 14:30–15:15 4. Positions, flows, and income of equity securities (Reimund Mink).
- 15:00–15:45 Continued 4. Positions, flows, income (relationship between positions and flows; gross/net transactions; revaluations; other changes; income).
- 16:15–17:00 5. Specific operations related to equity securities (Reimund Mink).
- 17:00–17:30 6. Equity securities in a from-whom-to-whom framework (Reimund Mink).
- 17:30–18:00 Annexes (CDIS; valuation of unlisted shares; SNA 2008 and corporate group approach).

### Key agenda timings and session sequencing (October 13, 2011)
- 9:00–10:00 7. Detailed presentation tables (Reimund Mink).
- 10:00–11:00 Collection of data on securities statistics (links to Recommendations 12, 15, 17) and reporting/dissemination (Reimund Mink; Branimir Gruic; Reimund Mink).
- 11:30–12:15 Continued collection of data on securities statistics.
- 12:15–13:00 Data Structure Definition (DSD) for securities statistics (Werner Bier).
- 14:30–15:15 Follow-up: merging of Parts 1 to 3 into a single volume (Werner Bier and Reimund Mink).
- 15:15–15:30 Conclusions (Alfredo M. Leone).
- 15:30–15:45 Closing address (Adelheid Burgi-Schmelz).

### Participants and institutional representation
- Attendance included representatives from central banks, national statistical agencies, and international institutions, specifically:
  - Austrian National Bank; Statistics Canada; Central Bank of Chile; The People’s Bank of China; Croatian National Bank; Czech National Bank; Danish Central Bank; Banque de France; Deutsche Bundesbank; European Central Bank; Central Bank of Iceland; Reserve Bank of India; Banca d’Italia; Bank of Japan; National Bank of the Republic of Macedonia; Central Bank of Malaysia; Banco de Mexico; Statistics Norway; Banco de Portugal; Central Bank of the Russian Federation; Saudi Arabian Monetary Agency; National Bank of Slovakia; South African Reserve Bank; Banco de España; Bank for International Settlements; Swiss National Bank; Central Bank of the Republic of Turkey; Board of Governors of the Federal Reserve.
- Named individual participants included, among others:
  - Mr. Robert Zorzi; Mr. Éric Boulay; Ms. Ruby Valeria Orellana; Mr. Shidang Liang; Mr. Pan Cengyun; Ms. Ankica Kacan; Mr. Petr Novak; Mr. Jens Boldt; Mr. Bruno Longet; Dr. Stefan Hopp; Mr. Reimund Mink; Mr. Jochen Henn; Mr. Frank Mayerlen; Mr. Werner Bier; Mr. Tómas Örn Kristinsson; Mr. Angshuman Hait; Mr. Fabio Piamonte; Mr. Chihiro Sakuraba; Ms. Elizabeta Liptova; Ms. Faridah Abdul Hamid; Ms. Claudia Tapia Rangel; Mr. Ole Petter Rygvold; Ms. Maria do Carmo Aguiar; Mrs. Ekaterina Prokunina; Mr. Emad Alqadheeb; Mr. Mansour H. Al Hammas; Ms. Ivana Brziakova; Ms. Helene Coetzer; Mr. Carlos Torregrosa Lillo; Mr. Branimir Gruić; Ms. Brigitte Marty; Mr. Ahmet Adnan Eken; Ms. Elizabeth Holmquist; Ms. Carol Bertaut; Ms. Susan Hume McIntosh.

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_Source: https://www.imf.org/-/media/files/data/statistics/wgsd/101211.pdf_