Do syndicated credits anticipate BIS consolidated banking data?

11 March 2002

In this article we compare the two data sets, adjusting for conceptual and practical differences. The comparison allows us to better understand both the nature of the consolidated claims reported to the BIS and the way syndicated facilities are used. Moreover, we find that, under certain conditions and for certain classes of borrowers, the more timely syndicated credit data can provide some useful advance information about the consolidated data.