ECB calls for more data to prevent crises

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New, more comprehensive statistics are a necessity if officials are to fulfil their remit of safeguarding stability, Jürgen Stark, a member of the executive board at the European Central Bank (ECB), and Vítor Constâncio, the vice president of the ECB, said on Wednesday.

Speaking at the fifth ECB Conference on Statistics in Frankfurt, Stark said new data would be needed to better capture financial innovation in markets, as well as interlinkages between financial firms.

Stark said the data availab

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