Disponible en Español

VIII Meeting of the Financial Information Forum

May 24 - 26, 2022


The Conference was held in digital format on May 24-26, 2022, and was attended by 108 representatives from 30 institutions and associates of CEMLA, representing 21 Latin-American and Caribbean countries, 6 European countries, and 1 Asian country.

The meeting was focused on the following topics: big data and its implications for central banking, non-traditional data sources in central banks’ statistics, a data hub to monitor crowdfunding and peer-to-peer lending, financial risks indicators, the use of derivatives transactions data for financial stability analysis, statistical indicators to monitor money market funds and other NBFI and digital economy. The agenda included three keynote sessions by Ron S. Jarmin, Deputy Director of the U.S. Census Bureau, Carmen Broto Pelegrín, Head of Macroprudential Analysis Unit of Banco de España and Vikram Haksar, Assistant Director in the IMF's Monetary and Capital Markets Department.

Participants discussed the incorporation of non-traditional data sources in central banks’ statistics and the proliferation of alternative source data for producing statistics. Also, the sessions examined the increased demand for statistical information in both volume and complexity, including the need for real-time measurement of the impact of COVID-19 crisis on the economy. Finally, the meeting also explored advances in central banks’ financial market indicators, such as, the representation of interdependencies between major players in the derivative markets.

Some of the main takeaways include the following ones:

  • The conference highlighted the importance of incorporating more timely and granular sources of data into economic statistics, which can provide significant benefits to policymakers, particularly central banks, and the public.
  • International cooperation is needed to mitigate risks of fragmentation of the global digital economy. Common minimum principles for the global data economy include the following ones: data protection, inter-operability and data portability, and data sharing for regulatory purposes.
  • Some of the challenges of maintaining an effective risk monitoring framework include indicators to address climate change, as well as metrics to assess the risk of system-wide cyber incidents.
Ron S. Jarmin

Deputy Director
U.S. Census Bureau

Dr. Ron S. Jarmin is the U.S. Census Bureau’s deputy director and chief operating officer and has been since January 2019. He served as the U.S. Census Bureau's acting director from January 2021 to January 2022. He performed the nonexclusive functions and duties of the director from July 2017 to January 2019 and previously served as the associate director for economic programs. He led the team for the 2017 Economic Census, overseeing a move to 100 percent Internet data collection and leveraging enterprise investments to minimize system, application, and dissemination costs. Data products from the economic census provide the foundation for key measures of economic performance, including the nation’s gross domestic product. Dr. Jarmin holds a Ph.D. in Economics from the University of Oregon.

Carmen Broto Pelegrín

Head of the Macroprudential Analysis Unit
Banco de España

Carmen Broto is Head of the Macroprudential Analysis Unit at the Financial Stability and Macroprudential Policy Division. She joined the Bank of Spain in 2006 and since then she has developed her professional career at several areas, including DG Financial Stability, Regulation and Resolution, Associate DG of International Affairs, and DG Economics and Statistics. Her work has covered a wide range of topics related to macroprudential policy, monetary policy and international financial markets. Her research interests include: financial stability, financial econometrics and international finance. Carmen holds a PhD in Economics from Universidad Carlos III de Madrid.

Vikram Haksar

Strategy Policy and Review Department
International Monetary Fund (IMF)

Vikram Haksar is an Assistant Director in the IMF’s Monetary and Capital Markets Department. He currently leads work on the IMF’s Financial Sector Assessment Program that conducts in-depth reviews in countries around the world on policies for assessing and addressing financial stability risk. He is also leading work on the impact of climate change on financial stability and represents the Fund on climate risk scenarios at the Network for Greening the Financial System coalition of central banks. Vikram has written extensively on fintech and been a lead author of the IMF’s main papers on global data policies, digital currencies across borders and the Bali Fintech Agenda. Vikram holds a Ph.D. from Cornell University.