From 21 to 22 September, a PBC-IMF Joint Conference on Statistical Challenges Facing the Central Banks was convened in Dalian. Centering around the issues in central bank statistics arising from the financial crisis and the responses by central banks, the participants discussed three topics, i.e. financial stability statistics, data gap in central bank statistics, and data harmonization of monetary and financial statistics.
Consensus was reached on the necessity of improving the central bank systematic risk monitoring indicator system and putting it into practice, the establishment of a financial statistic system that supports cross-sector and cross-border statistics harmonization, and the use of statistical information standard in harmonization in order to produce high-quality data and to promote information sharing.
Charles Enoch, Deputy Director of Statistics Department of the IMF, took this conference as a step that the PBC took in fulfilling its financial stability responsibility and in address the challenges arising from the crisis. He said it also contributed to international exchanges in central bank statistics.
Participants from the international institutions including the IMF and BIS, the central bank communities including the Federal Reserve Board of Governors, the ECB, Bank of Japan, Central Bank of Russia, Reserve Bank of India, Bank Indonesia, Central Bank of Thailand, and Monetary Authority of Singapore, and domestic agencies including NDRC, Ministry of Finance, PBC, CBRC, CSRC, CIRC, NBS, SAFE, and CASS attended the conference.
