Grappling With Quality

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In January, the Financial Stability Board’s Senior Supervisory Group (SSG) published its progress report on the Top 50 Counterparty Project, a data collection program intended to A) inform supervisors of the level of, and changes in, significant bilateral derivatives and other counterparty exposures and B) enhance firms’ ability firms to produce accurate and timely counterparty information. Financial institutions were benchmarked against three criteria—timeliness and frequency, data aggregation