The FSB has developed a common data template for global systemically important banks to address key information gaps and to provide the authorities with a strong framework for globally assessing potential systemic risks. Moving forward, FSB plans to hold an international workshop in New York on 2-3 October with representatives from the major banks and national banking associations. The workshop will cover proposals regarding Phase 2 (common data template for bilateral funding sources) and Phase 3 (common data template for a harmonized consolidated balance sheet). Phase 1 was successfully implemented in March 2013 and comprised a common data template for collecting information on the bilateral credit exposures of global systemically important banks.