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seminar “towards implementation strategy on international
Seminar “Towards Implementation Strategy on International Standards on Economic Statistics in Africa” 6 – 9 July 2010 Data Sources Section 51(1) of the BOM Act 2004 stipulates that the Bank may require any financial institution to furnish, at such time and in such manner and form as may be approved by the Bank, such information and data as the Bank may require for the proper discharge of its functions and responsibilities under the banking laws In fact, the main data sources for the collection of statistical data are returns submitted by banks in a timely manner and according to their respective frequency and periodicity Other Data Sources Certain data are also collected from: Non-Bank Deposit-Taking Institutions Money-Changers (Bureaux de Change) Foreign Exchange Dealers Ministries and other public corporations Stock Exchange Different Divisions of the BOM given that a significant amount of data is generated internally Also Companies that have to abide by: Section 51A(2) of the Bank of Mauritius Act 2004, which stipulates that “the Bank may, by notice in writing, require any person to furnish, within such time and in such form and manner as the Bank may determine, such information and data as the Bank may require for the preparation of the balance of payments accounts and the external assets and liabilities position of Mauritius.” Section 5(1)(d) stipulates that the Bank shall collect, compile, disseminate, on a timely basis, monetary and related financial statistics Accessibilty Electronic-Based Statistical data are posted on the BOM Website, thereby giving users access to the data being disseminated by the Statistics Division The data are disseminated in line with an Advance Release Calendar (ARC), which is posted on the BOM Website at the beginning of each year since 2008 Dissemination as per the ARC is tantamount to moving in the direction of “Quick Transparency” that is, disseminating the data as soon as they are produced BOM National Summary Data Pa
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