Banks hold government and corporate loans as assets.

Assets and liabilities of insurance and reinsurance undertakings and other non financial undertakings shall not be included in the calculation.

corporations and pension funds Non financial corporations Other financial intermediaries 11 Other assets Other participating Member States Other participating Member States Other participating Member States Shares and other equity 11 Other assets Domestic Shares and other equity Other residents Other residents

Faced with falling asset prices, households and companies then attempted to deleverage.

Insurance corporations and pension funds Other assets Domestic Loans NonMFIs Other residents Insurance corporations and pension funds

Assets and liabilities of insurance and reinsurance undertakings and other non financial undertakings shall not be included in the calculation of trading activities.

The information refers to the total financial assets of these companies , which is obtained by deducting the non financial assets ( such as fixed assets ) from the aggregated balance sheet total .

But the funds contributed were then invested in riskier assets that included trust loans to companies such as property developers.

2e Insurance corporations and pension funds 11 Loans NonMFIs Other assets Other participating Member States

Once such assets are parked in opaque companies, they are often beyond the reach of tax authorities and investigators.

To enable the cross border use of collateral in all types of Eurosystem liquidity providing 3 The outstanding amounts of debt instruments are reported in nominal values whereas equities are valued at market prices .

But the transition from here to there will be very challenging for financial firms, be they banks, asset managers or, particularly, insurers.

7740 Activities of employment placement agencies Activities of employment placement agencies Temporary employment agency activities Temporary employment agency activities Human resources provision and management of human resources functions Human resources provision and management of human resources functions Travel agency , tour operator and other reservation service activities

And the credit crunch for non investment grade firms and smaller firms, which rely mostly on access to bank loans rather than capital markets, is still severe.

Enterprise characteristics for which yearly statistics are to be compiled ( for enterprises with non autonomous pension funds only ) Code Title Comments

We need firms. The firms have gone away.

Assets

Asset

Assets

Intra Eurosystem claims other claims within the Eurosystem

Private , corporate and institutional investors have greatly increased the cross border diversification of their assets and liabilities over the past few years .

all subsidiary undertakings of subsidiary undertakings shall also be considered subsidiary undertakings of the parent undertaking

Shares and other equity Domestic

In addition , the Bank of Japan decided to purchase asset backed securities for a limited time , with the objective of promoting the smooth financing of small and mediumsized enterprises .

Associated enterprises

The single framework comprises two distinct asset classes marketable assets and non marketable assets .

2 The single framework comprises two distinct asset classes marketable assets and non marketable assets .

Remaining assets

Other assets

Net assets

Assets

Net assets

( Other assets )

Domestic

Other assets Domestic

Other assets Loans

Social security funds

External assets

Residual assets

total assets ) .

Total assets

Assets 2.1.1 .

Assets 3.1.1 .

Assets 4.1.1 .

Other claims