Addressing Information Gaps

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 insti...

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Bibliographic Details
Main Author: Mulder, Christian
Other Authors: De Imus, Phil, Psalida, L., Gobat, Jeanne
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Staff Position Notes
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Addressing Information Gaps  |c Christian Mulder, Phil De Imus, L. Psalida, Jeanne Gobat, R. Johnston, Mangal Goswami, Francisco Vazquez 
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653 |a Banks 
653 |a Finance 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a Financial statements 
653 |a Mortgages 
653 |a Credit rating agencies 
653 |a Money 
653 |a Financial risk management 
653 |a Accounting 
653 |a Public Sector Accounting and Audits 
653 |a Credit default swap 
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653 |a Financial Risk Management 
653 |a Depository Institutions 
653 |a Economic & financial crises & disasters 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Hedge funds 
653 |a Financial Instruments 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Non-bank Financial Institutions 
653 |a Banks and Banking 
653 |a Finance, Public; Accounting 
653 |a Financial services industry 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a Credit ratings 
653 |a Financial Crises 
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520 |a 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