( 2 ) Financial intermediation services indirectly measured .

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 .

Included are agents commissions , insurance brokering and agency services , insurance and pension consultancy services , evaluation and adjustment services , actuarial services , salvage administration services , and regulatory and monitoring services on indemnities and recovery services .

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 .

Financial Services ( code 260 ) Financial services covers financial intermediation and auxiliary services , except those of life insurance enterprises and pension funds ( which are included in life insurance and pension funding ) and other insurance services that are conducted between residents and non residents .

There is also an intermediation problem.

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 .

( ii ) a narrowing of interest rate margins

Corporations and quasi corporations not engaged in financial intermediation but principally in the production of market goods and non financial services ( the ESA95 , paragraphs 2.21 to 2.31 )

Corporations and quasi corporations not engaged in financial intermediation but principally in the production of market goods and non financial services ( the ESA 95 , paragraphs 2.21 to 2.31 )

4 This model includes an explicit banking sector that provides intermediation services between borrowers and lenders , and generates a nontrivial role for monetary aggregates in the economy .

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

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

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

Corporations and quasi corporations not engaged in financial intermediation but principally in the production of market goods and non financial services ( ESA 95 , paragraphs 2.21 2.31 ) , households .

Non financial corporations comprise corporations and quasi corporations not engaged in financial intermediation but principally in the production of market goods and non financial services ( 13 ) .

Non financial corporations Corporations and quasi corporations not engaged in financial intermediation but principally in the production of market goods and non financial services ( ESA 95 , paragraphs 2.21 2.31 ) .

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 ) .

Too many people are working in traditional, low productivity service industries, such as wholesale, retail trade, and restaurants, leaving modern, high productivity services like communications, health, financial intermediation, and business services underdeveloped.

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

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

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

Cooperatives are also one of the largest providers of financial intermediation to the poor, serving an estimated 78 million people globally who live on less than 2 per day.

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 ) .

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

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 .

Draft Council Regulation ( EC ) on the allocation of the financial intermediation services indirectly measured ( FISIM ) within the European system of national and regional accounts ( ESA ) ( COM ( 97 ) 50 ) , pdf 44 kB , en

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 .

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 .

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

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 .

Management and support services

Personal , cultural , and recreational services Audiovisual and related services Other personal , cultural , and recreational services Education services Health services Other Government services , n.i.e. Embassies and consulates Military units and agencies Other government services Memorandum items Audiovisual transactions Postal services Courier services

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

The proposed inclusion of the operation of MTFs in the list of core ISD services is therefore welcome , as it recognises the changing nature of financial intermediation and enables MTFs to make their facilities and services available to users throughout the EU and the euro area .

Postal activities under universal service obligation Other postal and courier activities

Management and central support services

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 .

Postal and Courier Services ( code 246 ) Comprises Postal Services ( 958 ) and Courier Services ( 959 ) .

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

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 )

Communication services ( code 245 ) They comprise Postal and Courier Services ( code 246 ) and Telecommunication Services ( code 247 ) .

Computer and information services ( code 262 ) Comprises Computer services ( code 263 ) and Information services ( code 264 ) .