As central banks have tightened monetary policy and economic growth has slowed, keeping accurate and timely information about risks developing in the financial sector is critical. This is not always a trivial exercise given the complexity and scale that is frequently involved. 

India is a case in point. As the director of the department of statistics and information management at India’s central bank tells Central Banking: “Supervising about 100 commercial banks, 9,500 non-banking financial