Section
AnaCredit plausibility checks, version 2.0
AnaCredit plausibility
- AnaCredit plausibility
checks
Plausibility checks performed on
AnaCredit datasets
Version 2.0March 2024
Contents
1Introduction
2
2
Plausibility checks
3
2.1
Definitions
3
2.2
Classification
4
3
AnaCredit external plausibility checks
7
3.1
Plausibility checks with other statistical reporting frameworks
8
3.2
Plausibility checks with supervisory reporting frameworks
AnaCredit plausibility checks ? Contents
27
1
1
Introduction
This document sets out the AnaCredit plausibility checks. - AnaCredit plausibility checks ? Plausibility checks
3
are erroneous and require revision; second, where the AnaCredit data are correct
but the BSI data have not been reported correctly; third, where methodological
differences in the requirements of the two datasets justify the discrepancy. - Figure 1
Types of AnaCredit plausibility check
StructureStability
per OA
Consistency within or across attributes
Time consistency of aggregate metrics
across OAs
Consistency with data of other OAs
Changes in relative position compared
to other OAsBenchmark
comparisonsConsistency with statistical and/or
supervisory reportingConsistency of ratios over time
Internal
plausibilityExternal
plausibilityAnaCredit plausibility checks ? Plausibility checks
4
2.2.1
Internal plausibility checks
Internal plausibility checks are self-contained within the AnaCredit data set, i.e. - AnaCredit plausibility checks ? Plausibility checks
5
2.2.2
External plausibility checks
External plausibility checks assess the consistency of data reported under AnaCredit
with other datasets. - AnaCredit plausibility checks ? Plausibility checks
6
3
AnaCredit external plausibility checks
The following subsections contain the details of the AnaCredit external plausibility
checks. - List of external plausibility checks performed under AnaCredit
Table 1 shows the external plausibility checks under AnaCredit. - Plausibility checks with other statistical reporting
frameworks
This section includes AnaCredit external plausibility checks against other statistical
reporting frameworks. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
9
3.1.1.2
?
loans to other financial intermediaries, financial auxiliaries, captive financial
institutions and money lenders (S.125+S.126+S.127) across all maturity
breakdowns;?
loans to insurance corporations (S.128) across all maturity breakdowns;
?
loans to pension funds (S.129) across all maturity breakdown.
- AnaCredit plausibility checks ? AnaCredit external plausibility checks
10
instruments (loans), so the resulting aggregate is a good match to the BSI statistic.
- AnaCredit plausibility checks ? AnaCredit external plausibility checks
12
loans.
- AnaCredit plausibility checks ? AnaCredit external plausibility checks
14
If any of the input data necessary for this calculation are missing or inconsistent, the
[relevant BSI balance] resolves to NULL for the instrument concerned. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
16
the latter assuming the credit risk and the MFI being responsible for managing the
loan. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
17
Intra-company instrument flag
BSI statistics also include intra-company loans, i.e. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
18
Settled loans
BSI statistics only include loans which have been settled, i.e. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
20
resolves to NULL for the instrument concerned.
- AnaCredit plausibility checks ? AnaCredit external plausibility checks
25
divided by the number of the main debtors.
- AnaCredit plausibility checks ? AnaCredit external plausibility checks
26
3.2
Plausibility checks with supervisory reporting frameworks
This section includes AnaCredit external plausibility checks against supervisory
reporting frameworks. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
27
FINREP templates and compared with suitably computed AnaCredit equivalents for
banks reporting the supervisory financial information under Regulation ECB/2015/13
(FINREP solo). - AnaCredit plausibility checks ? AnaCredit external plausibility checks
28
Figure 3
Calculation flow ? schematic overview of the comparison with FINREP soloBy stacking the FINREP solo benchmark side-by-side with its AnaCredit equivalent,
the deviation between the values can be quantified. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
29
3.2.2.1
FINREP solo benchmark value
As mentioned, comparing AnaCredit with supervisory financial information helps
ensure accounting information on loan portfolios that must be reported to AnaCredit
is reported properly. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
30
Table 3
The formula for the benchmark DP_FNRP_F1800_ALL_00 from data points from the
reporting templates of the EBA reporting framework. - The composition of FINREP solo reporters thus defined serves as a basis for
determining (i) which AnaCredit observed agents correspond to which FINREP solo
reporters, and (ii) the extent to which the perimeter of a FINREP solo reporter can be
reconstructed from AnaCredit (given that some observed agents may have beenAnaCredit plausibility checks ? AnaCredit external plausibility checks
32
derogated from reporting to AnaCredit).
- AnaCredit plausibility checks ? AnaCredit external plausibility checks
34
For a given FINREP solo reporter, the result of the calculation described in this
section (i.e. - AnaCredit plausibility checks ? AnaCredit external plausibility checks
35
? European Central Bank, 2024
Postal address
Telephone
Website60640 Frankfurt am Main, Germany
+49 69 1344 0
www.ecb.europa.euAll rights reserved.
Industry Orgs Applaud Bill to Boost Bars, Restaurants and Venues with Draft Systems
The CHEERS Act would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems to help revitalize hospitality establishments still struggling years after the pandemic.
- The CHEERS Act would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems to help revitalize hospitality establishments still struggling years after the pandemic.
- This bipartisan bill will support these local establishments by incentivizing the expansion of tap lines and keg equipment on commercial premises.
- “The CHEERS Act would boost not only our smaller bars, clubs and entertainment venues but also many of our casinos, hotels and arenas.
- And we will reduce waste created by using smaller, disposable containers at many restaurants, bars and other venues.
Late-Breaking Data Highlighting Benefits of Ultrafiltration Therapy Using the Aquadex System for Heart Failure Patients was Presented at the Technology and Heart Failure Therapeutics Conference
MINNEAPOLIS, March 07, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on transforming the lives of people with fluid overload, announced results from two new clinical data analyses from the AVOID-HF trial, which demonstrate the benefits of its Aquadex System in reducing heart failure readmissions at 30 days. Results from the analyses were presented in a late-breaking session at the Technology and Heart Failure Therapeutics (THT) conference in Boston.
- Results from the analyses were presented in a late-breaking session at the Technology and Heart Failure Therapeutics (THT) conference in Boston.
- Key findings demonstrating the benefits of AUF include:
Fewer heart failure events and heart failure hospitalizations: AUF patients had significantly fewer heart failure events within 30 days compared to ALD (90% vs 77.3% p=0.0138) and fewer heart failure hospitalizations for the AUF patients compared to the ALD patients (90.0% vs. 79.2% p=0.0321) within 30 days. - Key findings from the analysis include:
Top predictors for 90-day heart failure events: Using ML, the study identified the top 10 predictors for 90-day heart failure events. - Strong results for super-responders: 90% of patients categorized as super-responders to AUF therapy within this model did not experience any 90-day heart failure events.
Guggenheim Investments Announces March 2024 Closed-End Fund Distributions
Final determination of the character of distributions will be made at year-end.
- Final determination of the character of distributions will be made at year-end.
- Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital.
- Unless otherwise noted, the distributions above are not anticipated to include a return of capital.
- The final determination of the source and tax characteristics of all distributions will be made after the end of the year.
Grupo Aeroportuario Del Pacifico Announces Annual General Ordinary And Extraordinary Shareholders’ Meeting
GUADALAJARA, Mexico, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B.
- GUADALAJARA, Mexico, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B.
- de C.V. invites its shareholders to the General Ordinary and General Extraordinary Shareholders’ Meeting on April 25, 2024 at 12:00 and 2:00 pm, respectively, in Salon Midtown Ballroom 3, 3rd floor of the Hilton Hotel, located at Av.
- V. Cancellation of any amounts outstanding under the share repurchase program approved at the Annual General Ordinary Shareholders’ Meeting that took place on April 13, 2023, which amounts to Ps.
- The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.
Prevent Blindness Launches New "Retinopathy of Prematurity (ROP) Education and Support Program" as Part of Inaugural ROP Awareness Week, Feb. 26 - March 3, 2024
CHICAGO, Feb. 21, 2024 /PRNewswire-PRWeb/ -- Prevent Blindness, the nation's leading eye health and safety nonprofit organization, has launched the new "Retinopathy of Prematurity Education and Support Program," as part of its first ROP Awareness Week, declared Feb. 26 – March 3, 2024. The group is offering a variety of free educational resources to the public and professionals, including fact sheets, social media graphics in English and Spanish, dedicated online resources, and a new video series.
- "Diagnosing and treating ROP early is essential for preventing or lessening ROP-associated vision loss," said Jeff Todd, president and CEO of Prevent Blindness.
- To help address the need for ROP awareness and education, Prevent Blindness convened leading organizations in the parent support, education, and advocacy arenas to partner on creating the ROP Education and Support Program.
- The ROP Education and Support Program and ROP Awareness Week is supported by funding from Regeneron .
- In the Prevent Blindness Focus on Eye Health Expert Series, " Retinopathy of Prematurity ," Jeff Todd, president and CEO of Prevent Blindness, interviews R.V.
Farmland Partners Announces Tax Treatment of 2023 Distributions
The special dividend of $0.21 per share declared in December for shareholders of record as of December 29, 2023, and paid on or around January 12, 2024, is a split-year distribution with $0.17 per share considered a distribution made in 2023 for federal income tax purposes1.
- The special dividend of $0.21 per share declared in December for shareholders of record as of December 29, 2023, and paid on or around January 12, 2024, is a split-year distribution with $0.17 per share considered a distribution made in 2023 for federal income tax purposes1.
- In 2023, there was no “Box 3 Nondividend Distribution” on form 1099-DIV, and therefore no requirement to file Form 8937.
- The Nareit REIT 1099-DIV Spreadsheet is available for download under the heading “2023 Dividend Information” at this link: https://ir.farmlandpartners.com/resources/IRS-Forms/default.aspx .
- Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from us.
Demographics, labor market power and the spatial equilibrium
Abstract
- Abstract
This paper studies how demographics affect aggregate labor market power, the urban wage
premium and the spatial concentration of population. - I develop a quantitative spatial model
in which labor market competitiveness depends on the demographic composition of the local
workforce. - If these factors differ across workers, labor market power has a role to
play in explaining wage inequality. - This paper contributes to the literature on differences in labor market power by analyzing a
new dimension of heterogeneity: demographics. - Since older workers are less mobile in terms of
switching workplaces, firms have more labor market power over older workers. - I start by estimating labor market power by measuring the sensitivity of worker turnover to
the wage paid. - I find a strong
role of demographics in determining the degree of labor market power enjoyed by firms. - Next, I provide evidence of the importance of differences in labor market power for spatial
wage inequality. - To explore the consequences of labor market sorting, I build a spatial general equilibrium
model in which labor market competitiveness depends on the demographic composition of theECB Working Paper Series No 2906
2
local workforce.
- If these factors differ across workers, labor market power has a role to
play in explaining wage inequality. - In
the model, geographic sorting by age matters and leads to higher labor market power in rural
areas, which implies an urban wage premium that is 4% larger than with uniform labor supply
elasticities. - I follow Manning (2013) and estimate labor market power by measuring the sensitivity of worker
turnover to the wage paid. - Bachmann et al., 2021; Ahlfeldt et al., 2022a; Berger et al.,
2022) that nest a monopsonistic labor market in a spatial general equilibrium model (Redding
and Rossi-Hansberg, 2017). - As firms have more labor market power
over older workers, they face an upward-sloping labor supply curve that is less elastic in regions
with an older workforce. - Firms choose in which labor market to operate in the sense that there is free
entry at fixed costs into all locations. - How are differences in labor market competitiveness across space sustained in spatial equilibrium?
- I use the model to quantify the importance of heterogeneity
in labor market power for the urban wage premium and the spatial concentration of population. - My work is complementary to but quite different
from this paper since I argue that population aging increases labor market power rather than
product market power. - By analyzing the effects of a changing age composition of the workforce in the context
of labor market power, I relate to literature on the labor market effects of population aging. - ECB Working Paper Series No 2906
7
after controlling for age, differences in labor market power between East and West Germany
vanish. - They conclude that higher
concentration is associated with higher labor market power (as in the model of Jarosch et al.,
forthcoming). - I offer an alternative explanation why labor market power differs across regions:
Since denser regions have a younger workforce, workers are more mobile in terms of switching
jobs which implies lower labor market power of firms. - In this case, I infer a
high labor supply elasticity and low labor market power of firms. - I contribute to this growing debate by
quantifying differences in labor market power across worker groups and their effects on regional
inequality. - While the model shows how demographics affect labor market power, the urban wage premium and agglomeration, one fundamental question remains open for future research: What
are the policy implications of (differences in) labor market power?
NEVADA KING INTERCEPTS 3.52 G/T AU OVER 61.0M AND 6.05 G/T AU OVER 41.1M INCLUDING 19.44 G/T AU OVER 7.6M, EXTENDS OXIDE MINERALIZATION 300M NORTHWEST OF THE ATLANTA PIT
AT23WS-62 intercepted 6.05 g/t Au over 41.1m including 19.44 g/t Au over 7.6m and was drilled approximately 300m northwest of the Atlanta Pit approximately 8m west of historical RC hole DHRI-12-MRC1 (1.95g/t Au over 77.8m), which did not completely penetrate the mineralized zone.
- AT23WS-62 intercepted 6.05 g/t Au over 41.1m including 19.44 g/t Au over 7.6m and was drilled approximately 300m northwest of the Atlanta Pit approximately 8m west of historical RC hole DHRI-12-MRC1 (1.95g/t Au over 77.8m), which did not completely penetrate the mineralized zone.
- AT23WS-62 did fully penetrate the mineralized zone and returned an average grade three times greater than DHRI-12-MRC1.
- Referring to Figure 2, AT23WS-62 drilled across a high-angle structure into an adjacent mineralized block, which accounts for the shorter intercept length when compared to DHRI-12-MRC1.
- As we continue testing for similar mineralization along lines north and south of Section 22-16N(2), good potential exists for building tonnage.