Clearly, focusing solely on the regulated banking industry and ignoring the unregulated shadow banking system would not solve the problem and, in fact, might expand the shadow banking sector that was an integral part of the financial crisis. Much of the instability in the shadow banking system stems from its use of short-term funding for longer-term investment.
During this period, the statistical development was geared towards administration, tax collection, revenue, trade and commerce and related activities as might be expected. With a view to rationalize and establish a sound system of  BIS Review 77/2007  1  revenue collection, the East India Company in 1807 emphasized the need of a statistical survey of the country.