January 27, 2014 The Washington Report

January 27, 2014 The Washington Report

SSG Issues Progress Report on Counterparty Data

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Senior financial supervisors from ten countries, collectively known as the Senior Supervisors Group (SSG), issued a document entitled Progress Report on Counterparty Data on January 15, 2014. The report summarizes the insights and experiences gained from the SSG’s “Top 20” Counterparty project, which began in 2008 in response to the financial crisis. The counterparty exposure data collection program had two primary aims: to inform supervisors of the level of and changes in significant bilateral derivatives and other counterparty exposures, and to enhance the ability of firms to produce accurate and timely counterparty information.

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