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What types of data would the NIF collect? |
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The NIF will collect four main types of data, all of which serve as inputs to models of systemic risk: - Instrument reference data — the legal and contractual structures that define financial instruments;
- Entity reference data — the participants in the issuance and transactions process and their relationships (e.g., parent-subsidiary hierarchies);
- Transactions and positions data — detail on the transactions and holdings of financial institutions;
- Market data — market prices, trading volumes, and other key measures (e.g., volatilities) that emerge from the trading process.
In addition, the NIF would utilize macroeconomic and other data (e.g., GDP, unemployment rates, tax rates, house price indexes, etc.) already available from other sources; there is no need to duplicate these other collection efforts.
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