Indeed, market volatility of late has not been contained to just a few countries or jurisdictions. It has neither been restricted to just either advanced or emerging markets, but it has spanned all categories of countries.
For example, DNB is actively participating in an initiative for a Credit Register for companies, in which data from our reports on the status of corporate loans  1/3  BIS - Central bankers' speeches  are made available to the sector. To banks, but in the future also to credit rating agencies, alternative financiers and other third parties.