BIS published the IFC Bulletin Number 50, which presents proceedings of the Irving Fisher Committee (IFC)-National Bank of Belgium Workshop and Seminar on big data. The Workshop and Seminar, which was held on July 23-26, 2018, provided an opportunity to review the main big data sources relevant for central banks and the principal techniques developed in the recent years for analyzing big data—focusing on the classification and clustering of information derived from large quantitative data sets, with machine learning, text mining, and network analysis all playing an important role.
The presentations included in the IFC Bulletin analyzed various aspects related to the use of big data and associated techniques by central banks. They cover three main aspects:
- An assessment of the main big data sources and associated analytical techniques that are relevant for central banks
- The insights provided by big data for economic policy, with an overview of concrete central bank projects aiming to improve statistical information, macroeconomic analysis and forecasting, financial market monitoring, and financial risk assessment
- The use of big data in crafting central bank policies, including organizational aspects and related challenges
Related Link: IFC Bulletin
Keywords: International, Banking, Big Data, Artificial Intelligence, IFC, BIS
HKMA proposed amendments to the Supervisory Policy Manual, or SPM, module CA-B-2 on systemically important banks.
FSB published the annual report that examines to-date progress toward implementation of climate-related disclosure recommendations of the industry-led Task Force on Climate-related Financial Disclosures (TCFD).
EBA proposed to revise the guidelines on sound remuneration policies in light of the amendments introduced by the fifth Capital Requirements Directive (CRD V).
US Agencies (FDIC, FED, and OCC) finalized two rules, which are either identical or substantially similar to the interim final rules in effect and issued earlier this year.
EBA published the first monitoring report that examines the issuance and quality of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) instruments in EU.
FSB's Task Force on Climate-Related Financial Disclosures (TCFD) is seeking views on the decision-useful, forward-looking climate metrics for firms in financial sector, with the consultation ending on January 27, 2021.
APRA is consulting on the reporting standard for credit risk management (ARS 220.0).
PRA launched a consultation (CP18/20) setting out proposals for the "Contractual Recognition of Bail-in" and "Stay in Resolution" Rules.
BoE and PRA launched a package of proposals on the resolution policy in UK.
ECB published an opinion (CON/2020/25) on the deposit guarantee scheme and other amendments to the financial services legislation.