In this context, the crisis has forcefully driven home the dangers arising from the fringes of the financial system. Many different types of financial activities had been shifted to the shadow banking system and thus to an area that is not really regulated and about which only insufficient information is available.
It is possible that the credit information in respect of the borrowers of a particular lender, who contributes data to only one CIC, is available only with that CIC leading to an “information silo”.