In addition, minimum capital levels had simply been set too low, in general and with respect to particular assets. One of the most obvious examples was the capital requirement for asset-backed securities in the trading books of banks.
Not surprisingly, this was a central theme for the recently held International Association for Official Statistics Conference in April 2022 4. 9. Central banks on their part are both producers and users of  statistics for policy actions as well as for assessing the outcomes of their actions. They also need to establish stronger communication of their policies and actions in such turbulent times.