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

26 Pages Posted: 12 Apr 2012

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)

Date Written: April 1, 2012

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 close 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 enhancements to the BIS international banking statistics.

Keywords: systemic risks, banking system, international, contagion, vulnerabilities

JEL Classification: F21, F34, G15, G18, Y1

Suggested Citation

Cerutti, Eugenio and Claessens, Stijn and McGuire, Patrick M., Systemic Risk in Global Banking: What Can Available Data Tell Us and What More Data are Needed? (April 1, 2012). BIS Working Paper No. 376. Available at SSRN: https://ssrn.com/abstract=2038212 or http://dx.doi.org/10.2139/ssrn.2038212

Eugenio Cerutti (Contact Author)

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

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

Register to save articles to
your library

Register

Paper statistics

Downloads
289
Abstract Views
1,604
rank
108,471
PlumX Metrics