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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