Banco Central pretende generar nuevas estadísticas de crédito. Por qué no las pidió a Sugef?

The article highlights a significant institutional conflict in Costa Rica over access to sensitive financial data, specifically the Central Bank’s (BCCR) request to the Financial Supervisory Authority (SUGEF) for individually identified credit records. The Central Bank argues that linking this data with existing administrative databases is essential for producing comprehensive economic statistics, such as assessing household debt levels and climate-related financial risks. Without unique identification numbers, the Bank contends that its current anonymized data are insufficient for these critical macroeconomic analyses, which are necessary for formulating effective monetary policy. Conversely, SUGEF refused the request, citing legal mandates that protect the confidentiality of information pertaining to supervised entities. The supervisory authority maintains that sharing individually identifiable data would violate privacy laws designed to prevent unauthorized disclosure to third parties. This standoff underscores a fundamental tension between the need for detailed, granular data for policy design and the strict regulatory frameworks established to safeguard client privacy and institutional boundaries. This dispute is highly relevant to open data principles, as it illustrates the complex balance between transparency for the public good and the protection of personal information. It raises critical questions about how statistical agencies can innovate and enhance data utility without compromising privacy standards or exceeding legal mandates. The outcome will influence how public institutions handle aggregated versus individual-level data, affecting the potential for more accessible yet privacy-compliant open datasets that serve both researchers and citizens.

Source: elfinancierocr.com
Published on 2023-08-25

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