Big Banks Must Improve Risk Data Collection, Regulators Say

Law360, New York (January 16, 2014, 11:40 AM EST) -- The world's largest banks are still not collecting enough high-quality data about their trading activities with other financial institutions, and that could prevent them from identifying risks on their balance sheets, a Wednesday report from a panel of global regulators found.

The report from the Financial Stability Board's Senior Supervisors Group said that five years after the financial crisis, urged regulators to push those banks to improve the quality and quantity of trading data they collect in order to make sure that measures undertaken since 2008...
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