The Bank of Canada is seeking input on ways to improve financial system data in Canada.

Canada’s central bank is in the process of reviewing the financial data available for undertaking analysis and research on the financial system in Canada. The review focuses on the data needed to evaluate the efficiency of specific markets and understand the risk exposures of Canadian firms.

The bank would like to know where analysis and research have been limited, rather than enhanced, by available data. It would also like to know what types of data will be needed looking ahead a few years and anticipating the challenges to be faced then.

“To ensure that it has a complete view, the Bank invites those with suggestions for improvements in financial data to provide them to the Bank by mid-April 2003,” it says.

“Where possible, such submissions should indicate how having such data would benefit Canadians. Each and every submission will be read, thus giving the contributor a chance to have an influence on the financial data collected in Canada.”