Better technology the key to better banking supervision

摘要

The International Monetary Fund is concerned about the lack of progress in implementing bank reforms and the need for "greater urgency toward international co-operation". Major new policies to meet the G-20-in-spired reform programme have been agreed: higher levels of capital, liquidity requirements and resolution regimes. There has also been institutional progress with the establishment of supervisory colleges for 28 global systemically important financial institutions and a longer term structure for the Financial Stability Board (FSB). Progress in collecting and analysing globally standardised data of relevance to financial stability has, however, been slow. Even the very first step of agreeing the nomenclature for reporting entities, the Legal Entity Identifier programme, is only now making progress. Work on the next and more complex step - the Implementation Plan for Unique Product Identifiers - has hardly started.