The census data back-up was not perfect but it was much better than nothing. Reputational damage is lessened if measures exist yet are inadequate compared with the situation where the risks were unidentified and uncontrolled, i.e. mitigations were absent. For example, The ACC privacy breaches were accentuated by a lack of privacy management.
I would be very happy if this forum could become the place where such new creations and discoveries are made. 4/5  BIS central bankers' speeches  I would like to close my remarks now by wishing that today’s FinTech Forum be fruitful for all the participants. Thank you for your attention. 5/5  BIS central bankers' speeches