Global work needed on swap data – US Treasury official
FSB is working with CFTC to clean and standardise derivatives data, and more international co-operation will be needed, says Patricia Mosser
Regulators are at risk of learning nothing from the masses of data now being gathered on derivatives markets, according to a US Treasury official. Patricia Mosser, deputy director of the Office of Financial Research (OFR) – a unit of the US Treasury set up to measure systemic risks – said the help of the Financial Stability Board (FSB) will be needed if global regulators are to avoid collecting national or regional silos of data that tell them little about the risks multinational institutions
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