It follows that a subordinated debt policy should be focused on banks and not on their parent or affiliate organizations. In addition, subordinated debt issued at the bank level can provide increased protection for the deposit insurance fund. And, a policy focused on banks would reinforce the regulatory philosophy that the safety net and associated policies are limited to just commercial banks.
I take this opportunity to focus on three of those: •  How to make the best use of granular data from banks? •  How to enhance the scope and coverage of corporate finance statistics? •  How to further develop asset price statistics? First, the requirement of disaggregated granular banking data on a more frequent basis for policy and research has increased.