Securitisation and Regulation News

BIS - Releases Working Paper on Necessary Data for Assessing Systemic Risk

The Bank for International Settlements (BIS) issued a working paper that highlights some of the unique challenges to global systemic risk measurement with an eye toward identifying those high-priority areas where enhancements to data are most needed. The paper notes that while currently available data can be used more effectively, supervisors and other agencies need more and better data to construct even rudimentary measures of risks in the international financial system. Similarly, market participants need better information on aggregate positions and linkages to appropriately monitor and price risks. It adds that ongoing initiatives, such as the G20 Data Gaps Initiative and enhancements to the BIS international banking statistics, will help close data gaps.

BIS working paper