Macroprudential analysis must rely on rapid, direct and comprehensive access to data on individual developments liable to affect global financial stability while, in turn, this analysis must feed into the microprudential supervision. It would be a pity if our efforts to improve this flow of information in our respective countries were to be impeded by hurdles at the international level.
These individuals provide us with extensive and current information about economic conditions from a unique local perspective. Often, they provide an early warning of shifting economic conditions before they show up in official government statistics. I commend them for their service to both the central bank and our nation.