A group of Indonesian banks have created an ‘external loss data consortium' this month under the Indonesian Banking Development Institute – a not-for-profit organisation – in response to a demand to do so by Wimboh Santoso, a director at Bank Indonesia, in March.

The sharing of credit and operational loss data has proven to be a sensitive issue in Asia and elsewhere, with bankers concerned about competitive sensitivities of sharing information with competitors as well as fear about reputational