Framework for Financial Stability Data Enhancement

Following the global financial crisis there were a number of initiatives addressing the data gaps that required filling and strengthening to meet financial stability analytical needs. While the ONS together with the Bank of England have been working to close the gaps identified, this paper recommends a more holistic approach to both the development and publication of data for financial stability analysis. The paper uses the analytical framework
of the G-20’s Data Gaps Initiative to assess the present U.K. situation, and compare it with comparator economies, before providing some recommendations for what could be done going forward.