One proposed action would be to increase the number of entities from which information can be collected without triggering the act; another would be to permit  6  BIS Review 16/2010  special data requests of the systemically important institutions could be conducted more quickly and flexibly.
The global nature of capital markets seriously limits the extent to which one country acting alone can organize information on financial markets. Many large institutions have foreign subsidiaries that take financial positions in coordination with the parent. Accordingly, strong cooperative arrangements among domestic and foreign authorities, supported by an appropriate statutory framework, are needed to enable appropriate sharing of information among relevant authorities.