On November 13, 2014, the FSB issued a consultation document on standards and processes for global securities financing data collection and aggregation. The FSB is proposing recommendations to national regulators on how to design their procedures for data collection from reporting entities as well as data reporting and aggregation, so as to ensure consistency and the collation of meaningful global aggregates. The FSB proposes a set of standards and processes for: (i) global securities financing data collection and aggregation; and (ii) data elements for repurchase agreements, securities lending and margin lending that national regulators will report as aggregates to the FSB. The FSB will also consider adding supplementary data elements for: (i) transactions that are economically equivalent to repos, securities and margin lending; (ii) the calculation of metrics of collateral velocity; and (iii) the implementation of the regulatory framework for haircuts on non-centrally cleared securities financing transactions. The consultation closes on February 12, 2015 and the FSB intends to finalize the standards and processes in 2015.

The consultation is available at:

http://www.financialstabilityboard.org/wp-content/uploads/Global-SFT-Data-Standards-Consultative-Document.pdf.