The Technical Committee of the International Organisation of Securities Commissions (IOSCO) has published an updated list of categories of data for the global collection of hedge fund information, which it believes will assist in assessing possible systemic risks arising from the sector.
The data categories were first published in February 2010 with the first IOSCO hedge fund survey in September 2010.
IOSCO believes that regular monitoring of hedge funds by securities regulators for systemic risk indicators/measures, such as size, interconnectedness and substitutability, will provide a vitally important time series of data that will help to monitor trends in hedge funds and therefore provide an invaluable insight into any potential systemic risks that hedge funds may pose to the global financial system.
The survey enables the collection of internationally consistent data which can be shared to facilitate international supervisory cooperation. The revised list reflects the minimum that the Task Force will collect for the next IOSCO hedge fund survey. This is not a comprehensive list and regulators are not restricted from requesting additional information at a domestic level, based on their legislative and/or regulatory requirements.
There are 10 proposed categories of information which incorporate both supervisory and systemic data and build on the data collection recommendations set out in its final report on Hedge Fund Oversight. They include General firm/advisor and fund information, Performance and investor information for each qualifying fund, Market and Product Exposure for strategy assets, Geographical focus, Turnover/ number of transactions, Trading and clearing, Leverage and risk, Liquidity risk and Counterparty risk.
Press release
© IOSCO
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