Address 145too bigcomplexinterconnected146 to fail Improved Information Common Data Template145Too Big to Fail146 ProblemInterconnectionsunderstanding the financial networkIdentifying risk concen ID: 875282
Download Pdf The PPT/PDF document "Financial Stability Board" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
1 Financial Stability Board Address ‘
Financial Stability Board Address ‘too big/complex/interconnected’ to fail: Improved Information - Common Data Template ‘Too Big to Fail’ Problem Interconnections-understanding the financi
2 al networkIdentifying risk concentration
al networkIdentifying risk concentrations and funding dependencies Links to non-bank intermediaries (shadow banking)Increased understanding of financial innovation and market Data Gaps G-20 Mandate• Comm
3 on data template for G-SIFIs– Inter
on data template for G-SIFIs– Interconnectedness– Common Exposures• Improving data sharing to strengthen supervision and macroprudential analysis individual financial institutions, including thr
4 ough supervisory college on exchange bei
ough supervisory college on exchange being considered for work must take due account of the international financial institutiant global financial institutions for to different financial sectors and natiofinanc
5 ial institutions. Widespread consultatio
ial institutions. Widespread consultation would be needed, and The Financial Crisis and Information Gaps, IMF/FSB Report to the G-20, dependencies: countries, Data Template G-SIBs (contd) Information regardi
6 ng systemic importanceData used by BCBS
ng systemic importanceData used by BCBS for assessing G-SIBsInformation regarding Banking Group StructureBusiness lines and contributionImportance of Non- Group Perimeter Incremental Approach to Data Restructu
7 red Basic funding Existing bank data (BI
red Basic funding Existing bank data (BIS-IBS) Granular exposures and funding data Phase 1Existing data Bilateral Extended to Phase 2+ Funding & granularity Phase 3template (as for phase 2) • BIS as the
8 hub to store and manage the dataset.
hub to store and manage the dataset.• Principles of Confidentiality and Access– authorities have access to the right data to fulfil the responsibilities under their mandate;– commercially sensi
9 tive data are accorded the highest prote
tive data are accorded the highest protection, and national laws and legal frameworks are respected.• May require changes in frameworks• Incremental approach for sharing of data with relevant authori
10 ties• Further work underway Storage
ties• Further work underway Storage and Sharing of Information • Consultation paper in October 2011• http://www.financialstabilityboard.org/publication s/r_120328j.pdf jurisidictions – 11
11 from national and international s/r_120
from national and international s/r_120328k.pdf Consultation Process • Industry agreement on need to fill data gaps• Questions on:– Scope of the project– Overlap and consistency with other
12 data collections– Implementation t
data collections– Implementation timeline– Technical issues on granularity of template• Workshop with industry on 2 May 2012 Initial Responses 2012-compilation guide and refined templates, Nex