# In an interview, Professor Richard Berner underscores the need for more data in the securities lending and hedge fund markets in order to regulate non-bank systemic risk

1 Faculty News July 24, 2019 ![Risk Management Magazine logo](/sites/default/files/styles/246w/public/assets/images/con_030875.jpg?itok=EiCScKEb)>

Excerpt from [Risk.net](https://www.risk.net/regulation/6844401/gaps-emerge-in-us-plan-to-regulate-non-bank-systemic-risk) -- "'In securities lending there aren’t sufficiently granular data to do the analysis. We’ve made improvements in some other areas – money market funds and so on – but we need better data for financial intermediation that occurs outside of the banking system and in private markets where we lack data,' he says."

[Read more](https://www.risk.net/regulation/6844401/gaps-emerge-in-us-plan-to-regulate-non-bank-systemic-risk)