Regulators ignore data challenges at their peril, say CBJ authors
Central banks and supervisors will struggle to implement new macro-prudential regulation aimed at improving financial stability as they still lack the tools and data required to have a more complete view of the financial system.
The current lack of standards and consistency related to core data will make it difficult for regulators to price complex and mutually reinforcing risks, understand the financial system in its entirety and predict pathways for contagion and address amplification of
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