When it comes to making use of big data to support financial supervision, central banks should think about how it can help solve problems “on the ground”, says the Central Bank of Ireland’s Allan Kearns.
“Our supervisors are inundated with all sorts of information – whether it’s narrative, whether it’s quantitative – and being able to pick out the signal from all the noise in that data is a key challenge,” he says.
Kearns, who is head of prudential analytics in the insurance division, says big
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