Or, you might even read the remarks of an Iowa-educated bank regulator turned-policy maker in Kansas City. Fifteen years ago, I gave a speech entitled “Rethinking Financial Regulation,” which summarized the major threats facing our financial system.
Big data) as against designed data (such as administrative data) are that: (i) they reduce the cost of collecting and providing information and (ii) they do not introduce distortions arising from the behaviour of respondents. People don’t lie to their GPS or to Google. The banking and financial industries have also been profoundly affected by these developments.