Page 334 - Invited Paper Session (IPS) - Volume 1

IPS155 Manuel S. V. et al.

Sharing and using financial microdata
Alejandro Gaytán González, Manuel Sánchez Valadez, Mario Reyna Cerecero
Banco de Mexico

Abstract
Banco de Mexico has been collecting financial microdata of all market
operations done by banks and brokerage houses for over 15 years. This data
collection was possible because of a broad data sharing agreement between
Mexican financial authorities after the 1995 financial crisis. More recently, new
needs for monitoring financial institutions and markets, and the lessons learnt
from the 2008 global financial crisis have made necessary improving data
collection, data sharing and dissemination of microdata. Over the last years
Banco de Mexico has: i) taken the task of a “Trade Repository Like” for
derivative operations with new collection templates and new improvements
on the quality of data and services; ii) implemented a new data sharing
framework with other financial authorities, and new MoUs have been signed;
iii) continued the revision and expansion of metadata as an undergoing
process for improving the use of these microdata bases; and, iv) designed and
developed a new dissemination portal for microdata.

Keywords
Microdata; data sharing; derivatives

1. Introduction
Banco de Mexico has been collecting financial microdata of all market
operations done by banks and brokerage houses for over 15 years. The
Mexican financial crisis in the mid 1990’s unveiled several data gaps and
potential improvements in the collection of financial information. As a
response, Banco de Mexico started collecting financial microdata solutions to
provide flexible solutions for different information needs in Banco de Mexico
and other financial authorities. This decision transformed the financial
information model from a traditional model to generate central bank statistics
to a model heavily based on timely daily granular microdata, mainly with all
market operations by all banks and brokerage houses (Gaytán and Sánchez,
2017).
Banco de Mexico concentrated the collection of microdata of financial
market operations, regulatory regimes and consumer credit, while the Bank
and Securities Supervisor collected microdata on mortgages and the
commercial credit portfolio, in addition to a set of other regulatory reports.

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