Financial Services Financial Services

Central banks' soaring use of big data poses management, privacy concerns, says Bank for International Settlements

By Neil Roland
  • 12 Mar 2021 15:28
  • 12 Mar 2021 15:28
Central banks face management, technical and privacy challenges posed by their mushrooming appetite for big data collected from banks, social media and web pages, a Bank for International Settlements paper said.
These institutions worldwide are grappling with the availability of information technology and IT staff for storage and analysis of

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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