V  Statistics  Last but not least, I’d like to mention another factor that might increase financial transparency and thus help to reduce, at least indirectly, the risk of future financial turbulences, and that is closing some statistical gaps. An important aspect that is currently being considered by Eurosystem statisticians is how credit risk transfer by banks could be covered statistically.
This could include both data on the traditional “true sale” and synthetic securitisation operations as well as on transactions in credit derivatives. Some additional insight might also come from more data on the so-called Financial Vehicle Corporations issuing asset-backed and other securities in the process of securitisation. Collecting data on such entities is currently under discussion in the Eurosystem.