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TCH Suggests Improvements in FSB’s Common Data Template Proposal

The Clearing House Association letter endorses the Financial Stability Board’s proposal to improve the data collection and sharing of information on linkages between G-SIBs and their exposures and funding dependencies. TCH believes that the proposal for a common data template is a promising idea that could help address this important issue. However, The Clearing House feels that an important prerequisite to the adoption of a common data template would be the creation of standardized definitions of the data elements requested in current international and national regulatory reporting initiatives. The Clearing House’s letter outlines this and other concerns and makes suggestions for moving forward.