Just as supervisors of financial institutions or markets need to keep pace with developments, the challenge before our statisticians is to keep the nature and coverage of our collections fresh and relevant in a changing world. This is particularly pertinent for financial data.
The main insight is that our previous model may have put too much weight on developments in the US economy and not enough on other economies, both in terms 1/2  BIS central bankers' speeches  of demand growth and in terms of measures of competitiveness.