President of the European Central Bank, Mario Draghi, suggested starting to use the new data validation and data collection systems in a number of suspicious transactions and shadow banking economy. He said about this during the 8th ECB Statistics Conference.
According to ECB press-center, the Head of the institution turned his attention to the phenomenon of “granulation data”. According to Mr. Draghi, namely the creation of a new program to conduct statistics will help quickly to identify all problematic transactions.
Also the Head of the ECB underlined the importance of better understanding of the functioning of money markets and the impact of the monetary transmission mechanisms in the individual sectors of the economy. “This will be the basis for our analysis of unconventional instruments of monetary policy, and it will effectively use for future preventive measures,” concluded Mario Draghi.