Addressing Information Gaps
Christian Mulder (),
Phil De Imus,
L. Psalida,
Jeanne Gobat,
R. Johnston,
Mangal Goswami and
Francisco Vazquez
No 2009/006, IMF Staff Position Notes from International Monetary Fund
Abstract:
This paper outlines some of the key information gaps in the information used in the assessment of financial institution and financial system stability and the priorities for filling them. Key areas for attention include the granularity of disclosures on exposures by large and complex financial institutions; disclosures and assessments of complex structured products; revamping of indicators used in financial stability analysis to focus on indicators with greater early warning content; and improving transparency in over-the-counter derivatives markets. Recommendations have been made by several institutions and forums to address gaps in information that contributed to the crisis. One of the key recommendations is to adopt good practices for disclosures by banks on activities affected by the financial turmoil, including meaningful information on exposures and impacts, with appropriate levels of granularity. It is imperative to strengthen public disclosure practices of systemically important financial institutions by making reporting information more granular and consist.
Keywords: SPN; bank; asset; bullet; risk; valuation technique; OTC derivatives market; financial market; banking books; bank equity price; market condition; asset securitization; risk modeling technique; risk modeling tool; risk modeling; risk parameter; concentration risk; Credit default swap; Hedge funds; Financial stability assessment; Stress testing; Global (search for similar items in EconPapers)
Pages: 28
Date: 2009-03-26
References: Add references at CitEc
Citations: View citations in EconPapers (8)
Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22824 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:imf:imfspn:2009/006
Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm
Access Statistics for this paper
More papers in IMF Staff Position Notes from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().