In 2014, EMEAP published a report that assessed the developments and challenges in the repo markets in the region.5 In addition to the benefits of efficient repo markets that have been noted, repos are an essential instrument in the open market operations of central banks, and therefore important to the transmission of monetary policy.
Big data is the new buzzword in the world of statistics, 1/3  BIS central bankers' speeches  and it has already started changing the way the world views itself. Corporations are making large investments to predict the behaviour of consumers by exploiting the advances made in the field of data analytics.