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FSB Completes Stage 1 of G-SIB Common Data Template

On 18 April 2013, the Financial Stability Board (FSB) published a press release announcing the completion of a common data template for globally systemically important banks (G-SIBs).

The financial crisis highlighted major gaps in information on systemically important financial institutions, particularly the bilateral linkages between such institutions, or their common exposures and liabilities to financial sectors and national markets.  In response, the G-20 charged the FSB with developing:

  • a common data template for systemically important global financial institutions; and
  • proposals for an international framework to support the collection and sharing of information on such institutions.

 The G-SIB template represents the completion of stage 1 of the project.  Stages 2 and 3 will involve the extension of the framework to include the collection of data on bilateral funding dependencies and consolidated balance sheet.  The data will be held in a central data hub, hosted by the BIS, and will be shared on with national supervisory authorities which are part of the framework.

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