Six years after the financial crisis, regulators and the banking industry they oversee can't confidently assess big-picture threats to the U.S. financial system, Reuters says.
The world's biggest banks have only gotten bigger since the financial crisis and contain even more separate entities involved in a web of credit obligations and trading positions, says Reuters.
Banks, which regulators say have poor risk-management data, are struggling to get a handle on the full scope of their trading activities and asset quality.
Globally, the Basel Committee of bank regulators has said that just a third of the world's 30 biggest banks would have a sufficient grip on their data by 2016. Another third wouldn't be ready by the deadline. The remainder said they would be ready, but their national regulators were skeptical.