The FSB has announced the implementation of the first phase of the Data Gaps Initiative for global systemically important banks (G-SIBs). As part of a wider initiative to support financial stability through improved access to market data the G-20, in 2011, called on the FSB to develop a common data template for systemically important global financial institutions.

The FSB has completed the first phase of this initiative and in March 2013 implemented harmonized collection and pooling of consolidated data on the bilateral counterparty credit exposures of major banks, as we all as their consolidated aggregate exposures.