The systemic approach to supervision The report correctly notes that most financial regulatory systems throughout the world are designed primarily to ensure the soundness of individual institutions. While this is an important mission, we agree with the authors of the report that it is not sufficient.
In addition, part of our statutory role involves producing high quality financial statistics, both for our own analysis but also as a public good. We disseminate our data and analysis through various publications, seminars and through ongoing interactions with government departments, academia and commentators. It is highly important to us to be a trusted and credible source for our users domestically and further afield.