BIS Publishes Bulletin on Use of Big Data Analytics by Central Banks
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
Related Articles
|
News
APRA Finalizes Prudential Standard for Credit Risk Management of BanksAPRA updated the prudential standard on credit risk management requirements (APG 220) for authorized deposit-taking institutions, post a public consultation.
December 12, 2019
WebPage
Regulatory News
|
|
News
APRA Issues Operational Risk Rules, Consults on Reporting RequirementsAPRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.
December 11, 2019
WebPage
Regulatory News
|
|
News
ESMA Updates Q&A on European Benchmarks Regulation in December 2019ESMA updated the question and answers (Q&A) document on the European Benchmarks Regulation.
December 11, 2019
WebPage
Regulatory News
|
|
News
APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.
December 11, 2019
WebPage
Regulatory News
|
|
News
FED Extends Consultation Period for Capital Requirements for InsurersFED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.
December 10, 2019
WebPage
Regulatory News
|
|
News
OSFI Sets Domestic Stability Buffer Level at 2.25%OSFI has set the Domestic Stability Buffer, or DSB, at 2.25% of total risk-weighted assets, with effect from April 30, 2020.
December 10, 2019
WebPage
Regulatory News
|
|
News
EBA Issues Revised List of Validation Rules for Reporting by BanksEBA published a revised list of validation rules in its implementing technical standards on supervisory reporting.
December 10, 2019
WebPage
Regulatory News
|
|
News
SRB Holds Annual Conference, Reflects on Turning Policy into ActionSRB published a report on its fourth annual conference that was held on October 10, 2019 in Brussels.
December 10, 2019
WebPage
Regulatory News
|
|
News
APRA Specifies Capital Treatment of Equity Investments in ABGFAPRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).
December 09, 2019
WebPage
Regulatory News
|
|
News
EBA Updates Guidelines on Reporting of Funding Plans of BanksEBA updated the guidelines on harmonized definitions and templates for the reporting of funding plans of credit institutions.
December 09, 2019
WebPage
Regulatory News
|
