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Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed?

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  • Mr. Eugenio M Cerutti
  • Mr. Patrick M. McGuire
  • Mr. Stijn Claessens

Abstract

The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk analysis is severely hampered by the lack of consistent data that capture the international dimensions of finance. 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. Ongoing initiatives that will help in closing data gaps include the G20 Data Gaps Initiative, which recommends the collection of consistent bank-level data for joint analyses and enhancements to existing sets of aggregate statistics, and the enhancement to the BIS international banking statistics.

Suggested Citation

  • Mr. Eugenio M Cerutti & Mr. Patrick M. McGuire & Mr. Stijn Claessens, 2011. "Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed?," IMF Working Papers 2011/222, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2011/222
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    More about this item

    Keywords

    WP; bank; asset; balance sheet; exposure; bank data; contagion scenario module; data cover bank; Systemic risks; banking system; international; contagion; vulnerabilities; parent bank; BIS data; bank nationality level; dollar funding; exposure data; bank sector; bank asset; reporting bank; counterparty bank; CBS track bank; Foreign currency exposure; Foreign banks; Commercial banks; Financial statistics; Credit; Global;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts

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