Global Correspondence

GFMA and IIF Submit Comments to the FSB on Proposed G-SIB Common Data Template

GFMA and the Institute for International Finance (IIF) provide comments to the Finacial Stability Board (FSB) on the G-SIB Common Data Template (CDT) proposal.  The groups encourage the FSB to:

  • Formally adopt principles that should guide information collection
  • Form an industry advisory group to facilitate dialogue with the industry on the development of the data template
  • Launch the common data template using an observation period
  • Clarify and consult on the governance arrangements regarding use and confidentiality of the data
  • Consider forming a permanent supervisory reporting board to oversee international data initiatives

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