Policy report on FinTech data gaps

Autor: Kurt Murray, Michelle Francis-Pantor, Silvia Irina Lopez, Antonio Marcos, Mario Griffiths, Karla Reyes, Fernando Ávila, Natalie Haynes, José Manuel Marqués, Raúl Morales-Resendiz, Leslie Ann Des Vignes, Clemente Blanco, Carlos Domínguez, Michelle Doyle-Lowe, Tamara Godoy, Luis Ángel Maza, Manuel Sanchez, Pablo Villalobos, Ana Fernández, R. Santos, Andrea Ocontrillo, Valerie Ann Lankester, Novelette Panton, Anahí Rodríguez-Martínez
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Latin American Journal of Central Banking, Vol 2, Iss 3, Pp 100037-(2021)
ISSN: 2666-1438
Popis: This document aims to provide an overview of the main issues related to data gaps to facilitate monitoring of FinTech and overcome the significant challenges towards incorporating FinTech activities in regular statistics. Moreover, the document explains the implications of data gaps on some of the Central Banks’ main areas, in particular, monetary policy, financial stability, payment systems, and economic activity. Additionally, other implications related to the activity of BigTech companies, the impact of COVID-19 and Cybersecurity issues are explained, which represent an important challenge for data gathering at Central Banks. Also, it describes the main findings of the Irving Fisher Committee (IFC) survey “Central Banks and FinTech data” based on the answers provided by Latin American and Caribbean (LAC) countries, which identify their different positions regarding this topic and the current initiatives that each one is launching. Finally, a number of next steps are proposed based on a policy discussion and how LAC countries could overcome data gaps and improve data collection based on their current experience.
Databáze: OpenAIRE