Big data in central banks

11/11/16 The Central Banking Big Data Focus Report is a joint initiative of the Central Banking Journal and BearingPoint. The report builds upon the results of the recent IFC survey and takes a closer look at how central banks actually handle the challenge of data collection and analytics with regard to technical platforms and standards, resources and data governance.

As first initiative, Central Banking convened a panel of experts to discuss the big questions about big data, how and where it can add value to central banking in the near term, and balancing the pros against the cons.

The Central Banking Big Data Focus Report investigates the concrete action plans of central banks regarding data management challenges in light of FinTech/RegTech developments and the objective of transparent and effective risk-based supervision but also plans for central banks statistics for “going beyond the aggregates” especially for the micro-granular data handling. Finally, central banks are evaluated how the BCBS 239 principle in an adapted version would apply to them today.

The focus report will draw on views from central bankers, industry experts, academics and observers to look at:

The Central Banking Big Data Focus Report aims at giving a clear picture of where central banks stand today with supervisory data management and defining fields of action.

The report sets out the results of a survey of how central banks view big data and data governance in their institutions. The survey was conducted by Central Banking Publications, in association with BearingPoint, in August and September 2016. The work has only been possible with the support and cooperation of the central bankers who agreed to take part. They did so on the condition that neither their names nor those of their central banks would be mentioned in the report.

Summary of key findings

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