IMF wants more access to financial services data

| 26/11/2010

(Bloomberg): International Monetary Fund staff members said they need access to more data to determine the interconnection among financial institutions, as the fund seeks to help avoid a repeat of the global crisis. In a report released yesterday today, IMF staff said that about 20 key “large and complex financial institutions” can be identified as being at the centre of the global system. Still, there’s no “holistic” picture of their activities and of how funds flow across borders because of limited access to data on some issues, itsaid. “There are significant data gaps that preclude the completion of a comprehensive risk map — gaps that can only be bridged with buy-in from the membership on the value of such an exercise,” IMF economists said in the report.

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