The decision to include these activities in Annex 1 is based on the results of pilot actions on other financial intermediation , pension funds and financial auxiliaries .

Developments in Community monetary , economic and social integration require the extension of the aforesaid framework to credit institutions , pension funds , other financial intermediation and activities auxiliary to financial intermediation

4.1 DESCRIPTION OF OPERATION General objective This Council Regulation aims to make available harmonised statistical information on credit institutions , pension funds , other financial intermediation , financial auxiliaries and environment .

23 financial intermediation , financial auxiliaries and environment that is comparable among Member States .

The sale of statistics on credit institutions , pension funds , other financial intermediation and financial auxiliaries ( publications , databases etc .) will lead to some revenue , which is estimated about 50.000 Euro per year .

The development and operation of the internal market increase the need for information measuring its effectiveness , in particular in the sectors of credit institutions , pension funds , other financial intermediation and activities auxiliary to financial intermediation The liberalisation process of international trade in financial services necessitates business statistics in the financial services area to support the trade negotiations

( 2 ) Financial intermediation services indirectly measured .

There is also an intermediation problem.

In some Member States some efforts to compile statistics on other financial intermediation and financial auxiliaries will be necessary .

( ii ) a narrowing of interest rate margins

In some Member States , some efforts to compile statistics on other financial intermediation and financial auxiliaries will be necessary .

The collection and compilation of statistics on annex 1 variables for other financial intermediation activities and financial auxiliaries may result in additional costs .

Financial auxiliaries which are engaged in activities closely related to financial intermediation but not financial intermediation itself are also included ( 11 ) .

( Closed funds ) Decreto legislativo Testo unico delle disposizioni in materia di intermediazione finanziaria

Information on other financial intermediaries and financial auxiliaries will be useful for compilers of national accounts and related statistics .

Moreover , it will extend the coverage of the horizontal module ( Annex 1 ) to the following activities that are not yet included other financial intermediation services , pension funds and financial auxiliaries .

( enterprises ) or send reduced questionnaires ( in particular , on other financial intermediation , financial auxiliaries and environment ) .

The economic effects will be indirect in so far as it is expected that the Regulation will improve the quality and the availability of statistics on credit institutions , pension funds , other financial intermediation , financial auxiliaries and environment at Community level .

With respect to other financial intermediation ( NACE Rev. 1 group 65.2 ) and financial auxiliaries ( NACE Rev. 1 division 67 ) , only a limited number of main variables must be compiled .

It extends Annex 1 of the SBS Regulation to other financial intermediation and financial auxiliaries and it adds two characteristics on environmental expenditures to Annex 2 ( on industry ) .

In particular , severe disruptions in the financial intermediation process are more likely to have macroeconomic repercussions .

In a few Member States , where some of the other financial intermediation activities and financial auxiliaries are not supervised , the collection of additional data could cause extra burden on certain categories of financial services enterprises concerned .

Financial sectors may , therefore , be conducive to higher potential output growth and convergence in real income with the euro area .

The supply of credit, in other words, resulted from the demand for credit.

Instead, they should establish intermediation channels for long term financing.

Yet reserve requirements are a rather crude monetary policy tool and thus entail costs to the efficiency of financial intermediation .

Emphasizing the promotion of programmes aimed at financial intermediation, with a view to ensuring the access of rural women to credit and to agricultural inputs and implements and, in particular, to easing collateral requirements for access to finance by women,

In Member States where there is currently a lack of information on other financial intermediation services , financial auxiliaries and environmental expenditures , the national data providers may choose the manner in which they will collect and compile the statistics .

While financial markets in the acceding countries are largely dominated by the banking sector , the degree of financial intermediation ( the role of banks as intermediaries in channelling funds from depositors to borrowers ) is still rather low .

include the activities of other financial intermediation and financial auxiliaries in the scope of Annex 1 of the SBS Regulation in order to analyse the ( 2 )

Emphasizing the promotion of programmes aimed at financial intermediation with a view to ensuring the access of rural women to credit and to agricultural inputs and implements and, in particular, to easing collateral requirements for access to finance by women,

Financial corporations and quasi corporations principally engaged in financial intermediation as the consequence of the pooling of risks ( the ESA 95 , paragraphs 2.60 2.67 )

Credit institution information Credit institution 's name Reporting period

China s Credit Overdose

Insurance corporations and pension funds Financial corporations and quasi corporations principally engaged in financial intermediation as the consequence of the pooling of risks ( the ESA95 , paragraphs 2.60 to 2.67 )

In most acceding countries financial intermediation has grown substantially in recent years , albeit starting from a very low base .

The size of these systems has doubled in several countries and their efficiency in intermediating funds has increased significantly .

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Photo credit Marinella Matejcic

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check the credit card information

Undrawn credit lines ( e.g. undrawn facilities of revolving credit claims ) , current account overdrafts and letters of credit ( which authorise the use of credit but are not credit claims per se ) are not eligible .

Number of credit institutions ( CIs ) Number of domestic mergers and acquisitions ( M and A ) involving CIs Total assets of CIs Total loans of CIs to non CIs Total deposits of CIs from non Cis

Intraday credit shall be provided free of interest .