Recently, the FSOC issued a notice seeking comment on the products and activities of the asset management industry. Third, there are also areas of the nonbank financial system into which we have only a limited view. While the data we have on hedge funds has improved, we still need to get a complete picture of the scope and size of hedge fund activities.
Data coverage of the vast derivatives market could also be improved. The paucity of information in some areas limits the ability of supervisors and regulators to work effectively toward the stability of financial institutions and the financial system.