‘More and better’ data needed on non-bank sector – FSB’s Schindler
Lack of transparency hinders effective oversight, says secretary-general
The secretary-general of the Financial Stability Board (FSB) has argued that “more and better” data needs to be collected on non-bank financial institutions.
Speaking at the Eurofi Financial Forum in Budapest on September 12, John Schindler noted that some jurisdictions had no legal requirements for non-banks to report data critical for financial stability assessments. This, he said, meant there was little data on which to base such assessments.
Even when data became available, he said, it might
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