Finance, Forex and Investments

Should Central banks require commercial banks to report to them on a monthly basis on non-performing loans?

During periods of economic and financial slow downs, in Malaysia in 1980's, our country's central bank, known as Bank Negara Malaysia, requires commercial banks to compiled a report on non-performing loans for three months and more, so that it can formulate monetary and fisical policies to assist and advise banks on their loans problems.

Public Comments

1. I aint no expert but the financial system is not excactly famous for the most accurate reporting of numbers. Read this for an insight into our banking system. http://www.guardian.co.uk/business/2008/may/03/stockmarkets.investing
2. I think people should require regular reporting and accountability from their central banks! :)