Nombre de la presentación en cuerpo 17 Central Balance Sheet Office Argentina Guillermo Corzo...
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Transcript of Nombre de la presentación en cuerpo 17 Central Balance Sheet Office Argentina Guillermo Corzo...
Nombre de la presentación en cuerpo 17
Central Balance Sheet Office
ArgentinaGuillermo CorzoDeputy General Manager Regulations and Information Flows Department
Nombre de la presentación en cuerpo 17
Superintendency of Financial and Exchange Institutions
GOVERNORGOVERNORGOVERNORGOVERNOR
SUPERINTENDENCY OF FINANCIAL AND
EXCHANGE INSTITUTIONS
SUPERINTENDENCY OF FINANCIAL AND
EXCHANGE INSTITUTIONS
SURVEILLANCE
AND
FOLLOW-UP
SURVEILLANCE
AND
FOLLOW-UP
REGULATIONS AND INFORMATION
FLOWS
ANALYSIS AND FOLLOW-
UP OF SPECIAL
OPERATIONS
ANALYSIS AND FOLLOW-
UP OF SPECIAL
OPERATIONS
INFORMATION FLOWS
INFORMATION FLOWS
COMMITTEE
FINANCIAL STABILITY
COMMITTEE
FINANCIAL STABILITY
ANALYSIS
AND
AUDIT
ANALYSIS
AND
AUDIT
REGULATIONS
AND
CONTROL
REGULATIONS
AND
CONTROL
DATABASE FLOWS
DATABASE FLOWS
Central Bank of Argentina
Nombre de la presentación en cuerpo 17
Companies file Financial Statements to different entities:
Federal Administration of Public Revenues (AFIP)Federal Administration of Public Revenues (AFIP)
BanksBanks
National Securities Commission (CNV)National Securities Commission (CNV)
Companies Registration Office (IGJ)Companies Registration Office (IGJ)
Professional Council of Economic Science
Professional Council of Economic Science
CompaniesCompaniesFinancial
Statements
Situation in Argentina
Nombre de la presentación en cuerpo 17
GovernmentGovernment
Other
Organizations
Other
OrganizationsPublicPublic
Central Balance Sheet Office
Central Balance Sheet Office
BanksBanksCompaniesCompanies FinancialStatementsFinancial
Statements
Situation in Argentina
Nombre de la presentación en cuerpo 17
The implementation strategy is divided in two stages:
Central Balance Sheet Office
STAGE I – Banks
Satisfying the needs of the Financial System and the Central Bank
STAGE II – Governmental Integration
Achieving the governmental integration and a single Balance Sheet for the whole economy
Nombre de la presentación en cuerpo 17
OtherOrganizations
OtherOrganizations
Stage 1 - Operation
Central Balance
Sheet Office
CENTRAL BANK
F.S.
PORTAL
Digital Signature Certification
Argentine Federation of
Professional Council of
Economic Science
Argentine Federation of
Professional Council of
Economic Science
Professional Council of Economic ScienceProfessional Council of Economic Science
UnifiedFormulaUnified
Formula
Federal Administration of Public Revenues
Federal Administration of Public RevenuesDigital Signature Process
Financial Statements
Financial Statements
Aditional InformationAditional
Information
CompaniesAccountantsCompanies
Accountants
XBRLConverter
XBRLConverter
Financial System
Financial System
CompaniesCompanies
XBRL
V i e w e r
+
BI
XBRL
V i e w e r
+
BI
FinancialStatementsFinancial
Statements
CENTRAL BANK CENTRAL BANK PORTALPORTAL
INFORMATIONINFORMATION
For risk For risk
analysisanalysis
Institutional Institutional
about theabout the companycompany
Nombre de la presentación en cuerpo 17Stage I - Strengths
To increase transparencyTo increase transparency
To reduce the cost of creditTo reduce the cost of credit
Companies will present financial information only onceCompanies will present financial information only once
To give comparable and aggregated information through an easy accessTo give comparable and aggregated information through an easy access
The Argentine Federation of Professional Council of Economic Science will define and update the standardized Financial Statements (Unified Formula)
The Argentine Federation of Professional Council of Economic Science will define and update the standardized Financial Statements (Unified Formula)
Nombre de la presentación en cuerpo 17Funcionamiento - I Etapa
Central Balance
Sheet Office
Information for analysis:• Individual • Compared• by Economic Sectors• Agreggated• Behavioural
Information for analysis:• Individual • Compared• by Economic Sectors• Agreggated• Behavioural
Information for the company:
• Compared• by Economic Sectors• Agreggated
Information for the company:
• Compared• by Economic Sectors• Agreggated
CompaniesCompaniesFinancial System
Financial System
Stage I - Operation
Nombre de la presentación en cuerpo 17
Credit Operations
Stage I - Example
BANKSBANKSQuery
COMPANYCOMPANY
Applies for a loan
Central Balance Sheet Office
Central Balance Sheet Office
CENTRALBANK
Analyzes credit risk
Analyzes credit risk
Nombre de la presentación en cuerpo 17
OtherOrganizations
OtherOrganizations
National Securities Commission
Stock Exchange
Federal Administration of Public Revenues
Ministry of Economy
CompaniesRegistration Offices
Stage 1I - Operation
Central Balance
Sheet Office
CENTRAL BANK
F.S.
PORTAL
Digital Signature Certification
Argentine Federation of
Professional Council of
Economic Science
Argentine Federation of
Professional Council of
Economic Science
Professional Council of Economic ScienceProfessional Council of Economic Science
UnifiedFormulaUnified
Formula
Federal Administration of Public Revenues
Federal Administration of Public RevenuesDigital Signature Process
Financial Statements
Financial Statements
Aditional InformationAditional
Information
CompaniesAccountantsCompanies
Accountants
XBRLConverter
XBRLConverter
Financial System
Financial System
CompaniesCompanies
XBRL
V i e w e r
+
BI
XBRL
V i e w e r
+
BI
Governmental integratedGovernmental integratedPortalPortal
INSTITUTIONAL INSTITUTIONAL
ABOUT THE ABOUT THE
COMPANYCOMPANY
INSTITUTIONAL INSTITUTIONAL
ABOUT THE ABOUT THE
COMPANYCOMPANY
FOR RISK FOR RISK
ANALYSISANALYSIS
FOR RISK FOR RISK
ANALYSISANALYSIS
FISCALFISCALFISCALFISCAL LEGALLEGALLEGALLEGAL
CAPITALCAPITAL
MARKETSMARKETS
CAPITALCAPITAL
MARKETSMARKETS
OTHEROTHER
SPECIFICSPECIFIC
OTHEROTHER
SPECIFICSPECIFIC
FinancialStatementFinancialStatement
Governmental IntegratedGovernmental IntegratedPortalPortal
Nombre de la presentación en cuerpo 17
To use new technological tools (XBRL) for the transmission of financial data and reporting
To use new technological tools (XBRL) for the transmission of financial data and reporting
To work together with government institutionsTo work together with government institutions
Stage II – Challenges and Strengths
To support monetary, economic and financial decisionsTo support monetary, economic and financial decisions
Governmental integrationGovernmental integration
A single balance sheet for the whole economyA single balance sheet for the whole economy
To file financial information through Government Integrated PortalTo file financial information through Government Integrated Portal
Only one source of data for financial intermediaries and goverment institutionsOnly one source of data for financial intermediaries and goverment institutions