Unlike in the financial crisis, we were very quickly able to see inside loan and securities holding portfolios by name of counterparty to quickly understand where the large financial exposures in the economy lay, particularly in heavily affected sectors. For example: who held large exposures to airlines or consumer-facing sectors? How were investment managers and their investors changing investment behaviours?
Because of the nature of the datasets, we were able to ask and answer questions that we had not envisaged at the time of design. There were some areas where the data was still not as available, such as granular deposit information to understand excess savings, and detailed data on SME financial positions. Some experimental work supported us in this space. 3.