More data needed on ‘cocktail’ of private market risks – FCA chair
“Patchy” reporting makes spotting hidden leverage and liquidity risk hard, says Alder
The chair of the UK’s Financial Conduct Authority has called for greater disclosure from non-bank financial institutions (NBFIs), saying a shortage of data makes it hard for regulators to monitor a “cocktail” of risks in private markets such as hidden leverage and liquidity stresses.
“The problem is that right now we just don’t have enough data to measure key risks in private NBFI markets,” said FCA chair Ashley Alder on 16 May, “Without data it’s hard for supervisors to oversee how risk
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