Bank of Finland Data Balance Sheet 2021

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Title: Bank of Finland Data Balance Sheet 2021
Organization: Bank of Finland
Series: Bank of Finland. Data Balance Sheet
Year of publication: 2022
Publication date: 22.6.2022
Pages: 37
Keywords: Suomen Pankki; tietotilinpäätös
Table of contents: INTRODUCTION Knowledge-based management is possible if information management is of a high standard .... 3 Central banking relies on data, information and knowledge .... 5 Data Balance Sheet brings together key elements of information management and information security .... 6 PRODUCTION AND UTILISATION OF DATA Creating value from data .... 8 The Bank of Finland produces information for use in decision-making and for the country’s needs in general .... 9 Data and analytics in support of payment system policy, when assessing the impact of the shift to instant payments .... 11 Robot economist filters mass of data for overall picture of the economy .... 13 New information on non-bank lending .... 14 Data for analysing monetary policy counterparties and collateral .... 15 What should the inflation target be? Views from 600 economists .... 16 Data science practices are becoming an established element in central bank activities .... 17 INFORMATION MANAGEMENT, INFORMATION RESOURCES AND INFORMATION FLOWS Components of information management .... 19 Data lifecycle – Importance of metadata .... 20 Development programmes accelerate change .... 21 Building a system platform for data and analytics .... 22 Assessment of financial sector climate impacts requires new kinds of data and consistent definitions .... 23 ‘Statement on public access to documents’ provides an overview of the information resources held by a public authority .... 25 Archives of world’s fourth oldest central bank cover seven shelf-kilometres .... 26 Ethics of managing data .... 27 Bank of Finland’s IT development began in the 1940s when workload was increased due to foreign exchange controls .... 28 INFORMATION SECURITY AND DATA PROTECTION How to ensure top-level information security and data protection .... 31 Information security in banking services .... 32 Towards better cyber resilience through testing .... 33 MONITORING AND KEY FIGURES Data Balance Sheet key figures 2021 .... 35-36

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