Regulators could cross-check submissions against hard data on banking-sector risk, and publicly report LIBOR abusers.The financial system needs a measure of the costs and risks banks face as they channel savings into investment.
The Fed data on bank reserves, which seemed to be a catalyst for a quick drop in prices late in the day, were puzzling to many analysts.
However, traders said the weekend reports that Germany was considering buying data on bank accounts in Switzerland was also hitting the stock.
But hard data on banks' borrowing costs are not available every day, and this is the root of the LIBOR problem.
The banks' share prices had come under pressure partly because of concerns about the opacity of data on bank debt and company earnings, and partly on concerns about the economy.
ZURICH — Switzerland has turned over to the U.S. authorities encrypted data on bank employees who served American clients suspected of dodging taxes, and will only provide the key to decipher the information once a legal dispute is settled, the Swiss Finance Ministry said Tuesday.
Duke's subscribed modules are limited to data on banks and thrifts, credit default swaps, financial services, healthcare, insurance, loan market share, and financial demographic and demand data.
The data on bank-specific determinants including NPLs, solvency, loan growth, bank assets, the efficiency ratio and the leverage ratio are collected from the State Bank of Pakistan and the balance sheets of individual banks.
Germany, France and the UK are all believed to have paid for data on bank customers in the past, including a German payment in 2014 for data leaked from the law firm involved in the Panama Papers, Mossack Fonseca.
