The Bank for International Settlements (BIS) must address "large gaps" in its banking data to help regulators and bankers identify risks from cross-border exposure, a paper published Thursday by the Bank of England said.
Glenn Hoggarth, Lavan Mahadeva and Jeremy Martin, the authors of ‘Understanding international bank capital flows during the recent financial crisis', said the BIS's statistics on cross-border lending gave only "a partial description" of changes in foreign lending by and to banks
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