Counterparty Reporting Still Below Standard, Say Market Supervisors
An international group of market supervisors says financial firms have made insufficient progress towards consistent, timely and accurate reporting of their counterparty exposures in the years since the financial crisis, and has highlighted data quality as a particular cause for concern.
The Senior Supervisors Group of 13 supervisory bodies from 10 jurisdictions, including the US, United Kingdom and Japan, has been monitoring the counterparty risk management capabilities of 20 of the world's
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