Standards and Processes for Global Securities Financing Data Collection and Aggregation
This consultative document seeks comments on the proposed standards and processes based on the policy recommendations in the FSB report Policy Framework for Addressing Shadow Banking Risks in Securities Lending and Repos published in August 2013. In the report, the FSB recommended national/regional authorities to collect appropriate data on securities financing markets to detect financial stability risks and develop policy responses, and to provide the total national/regional data for these markets to the FSB for aggregation to assess global trends in financial stability. The document defines the data elements for repos, securities lending and margin lending, describes data architecture issues and proposes recommendations to national/regional authorities to ensure global consistency. Potential uses for the aggregated data are discussed and the next steps for the completion of the initiative are outlined. The FSB will complete its work on developing standards and processes by end-2015, based on the public consultation findings and further discussion with market participants.