Financial Institutions Division
                                                            IMF Statistics Department
         Overview of Presentation
          MFS Methodology Revision
          The MFSMCG Chapters
           MFSMCG — Important Revisions 
          Implementation of the MFSMCG 
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                                                              Financial Institutions Division
                                                               IMF Statistics Department
         MFS Methodology Revision: 
         Background
          Main reasons for the revision:
            • Align with the new 2008 SNA and BPM6
            • Address issues identified since the publication of the 
               MFS Manual (MFSM) in 2000 and the MFS Compilation 
               Guide in 2008, drawing from the accrued experience
            • Reflect developments in the financial corporations sector 
               and financial markets
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                                                                             Financial Institutions Division
                                                                               IMF Statistics Department
           MFS Methodology Revision: Process 
           Agreeing on the Framework
             The revision process has started in 2011
               •   An Annotated Outline* and Issues Paper* were released to the members of 
                   the Experts Group for comments in November 2011.
             An Experts Group Meeting in February 2012 with representatives from 
               about 30 countries and 10 international or regional organizations 
               •   A Discussion Note* before the meeting, and Summary of Main Conclusions* 
                    after the meeting.
               •   Agreed to combine MFS Manual and Compilation Guide (MFSMCG), Thus a 
                   single document (MFSMCG) will replace the current MFSM and MFS 
                   Compilation Guide—merging + updates + new developments
               •   The prepublication version of the MFSMCG was posted on the IMF website 
                   in March 2016: http://www.imf.org/en/data#MonStat
            * Available at http://www.imf.org/external/data.htm#guide 
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                                                                   Financial Institutions Division
                                                                    IMF Statistics Department
          The MFSMCG Chapters
          I.     Introduction
          II.    Framework for Monetary and Financial Statistics
          III.   Institutional Units and Sectors
          IV.    Classification of Financial Assets
          V.     Stocks, Flows, and Accounting Rules
          VI.    Money, Liquidity, Credit, and Debt
          VII.   Compilation, Source Data, and Dissemination of 
                 Monetary Statistics
          VIII.  Financial Statistics
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                                                                           Financial Institutions Division
                                                                             IMF Statistics Department
           MFSMCG: important Revisions
            Definition of money (broad money) proposed and concepts of money 
               issuing, money holding and money neutral subsectors explained
            Changes in institutional sectors stemming from the 2008 SNA (mostly 
               related to subsectoring of the financial corporations sector)
            Changes in the classification of financial assets based on the 2008 SNA 
               changes (name changes and other changes) and more elaboration on 
               borderline cases
            Some minor changes in the valuation of financial assets/liabilities based 
               on the clarification of concepts in the 2008 SNA (nominal value, book 
               value)
            A greater focus on the other financial corporations subsector
            More elaboration on credit, debt, and liquidity aggregates
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