Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
How do regulators actually put to good use the vast amounts of data they collect from financial firms?
This is a perennial question in the post-crisis era. And it’s a fair one considering how much money and human resources financial firms have invested into new systems to comply with the unprecedented demands of post-crisis frameworks like the Basel III standards, the Dodd–Frank Act and Mifid II.
The corollary of that question is: if regulators can’t derive insight into systemic risk, what is
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