A legislative process aimed at extending the collection to cover all groups under the ECB’s direct supervision is under way. BIS central bankers’ speeches  1  test). Such additional data requests place a large burden on banks, but also on the supervisors tasked with handling and ensuring the quality of these ad hoc data.
Furthermore, those ad hoc requests have long lead times and limit supervisors’ ability to react quickly to changes in the financial environment. Thus, credit register information improves overall monitoring and the ability to react in a changing environment.