The Financial Stability Board (FSB) has published the following documents which were sent to the G20 finance ministers and central bank governors (FMCBG) ahead of their meeting in Ankara on 4 and 5 September 2015:
- Sixth progress report on the implementation of the G20 data gaps initiative. In 2009, the G20 FMCBG endorsed a set of 20 recommendations to close the data gaps (DGI-1) that were identified following the global financial crisis in order to support enhanced policy analysis. The sixth progress report, produced by the FSB and the International Monetary Fund (IMF), notes that the implementation of most of the DGI-1 recommendations are expected to be completed by end-2015 / early-2016. As data coming out of the DGI is increasingly being used to support financial stability analysis and macro-policy decision making at national, regional and international levels, the FSB and the IMF propose a second phase (DGI-2) to strengthen and consolidate the progress to date and promote the regular flow of high quality statistics for policy use. It is intended that DGI-2 will have more specific objectives that promote compiling and disseminating increasingly consistent data sets across the G-20 economies. The DGI-2 recommendations are set out in Annex 1 of the sixth progress report; and
- Work on foreign currency exposures. The paper provides an update on the work undertaken during the last year by the IMF, FSB and the Bank for International Settlements (BIS) on addressing data gaps involving foreign currency exposures, the main objective on which is to set the stage for improved assessments of cross-border risks. The paper notes that the IMF, FSB and BIS will continue to work with the G20 economies and amongst themselves, to encourage countries to close gaps in the reporting of foreign currency information within existing data initiatives.
View Sixth Progress Report on the Implementation of the G-20 Data Gaps Initiative, 22 September 2015
View Work on Foreign Currency Exposures, 22 September 2015