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


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


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


GovernmentGovernment

Other

Organizations

Other

OrganizationsPublicPublic



BanksBanksCompaniesCompanies FinancialStatementsFinancial

Statements

Situation in Argentina


The implementation strategy is divided in two stages:


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


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



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


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


Credit Operations

Stage I - Example

BANKSBANKSQuery

COMPANYCOMPANY

Applies for a loan



CENTRALBANK

Analyzes credit risk

Analyzes credit risk


OtherOrganizations

OtherOrganizations

National Securities Commission

Stock Exchange


Ministry of Economy

CompaniesRegistration Offices

Stage 1I - Operation

Central Balance

Sheet Office

CENTRAL BANK

F.S.

PORTAL

Digital Signature Certification



Economic Science



Economic Science

Professional Council of Economic ScienceProfessional Council of Economic Science

UnifiedFormulaUnified

Formula


Federal Administration of Public RevenuesDigital Signature Process



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


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

nombre de la presentación en cuerpo 17 central balance sheet office argentina guillermo corzo...

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