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

27 Pages Posted: 28 Sep 2011

See all articles by Eugenio Cerutti

Eugenio Cerutti

International Monetary Fund (IMF); Johns Hopkins University

Stijn Claessens

Bank for International Settlements (BIS)

Patrick McGuire

Bank for International Settlements (BIS)

Multiple version iconThere are 2 versions of this paper

Date Written: September 2011

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.

Keywords: Bank credit, Banking systems, Credit risk, Data collection, Financial risk, International banking, International financial system

Suggested Citation

Cerutti, Eugenio and Claessens, Stijn and McGuire, Patrick M., Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed? (September 2011). IMF Working Papers, Vol. , pp. 1-26, 2011. Available at SSRN: https://ssrn.com/abstract=1934659

Eugenio Cerutti

International Monetary Fund (IMF) ( email )

700 19th Street N.W.
Washington, DC 20431
United States

Johns Hopkins University ( email )

Baltimore, MD 21218
United States

Stijn Claessens (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

Patrick M. McGuire

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

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