The process of choosing the appropriate creditor also changes noticeably during the business cycle. When the risk-free rate and/or bank profits decline, corporations with the requisite conditions resort to the debt market to find finance, rather than going to the financial system.
We are also discussing these issues with Eurostat and the National Authority for Personal Data Protection. The third challenge concerns the preservation of data over time. While we keep producing a huge amount of data, we have not yet agreed on a shared set of criteria for making these data accessible in the future.