Financial Stability Requires Industry-Wide Collaboration on Data Standards: G20 Economies Promote Data Sharing Through Collaboration
4 Pages Posted: 20 Jul 2017
Date Written: June 16, 2017
Around the globe regulators and market participants are confronted with the challenge of managing ever larger amounts of data essential for financial‑system oversight and risk management. This article summarises the work done to date and describes future work to be undertaken. The significance of these efforts is highlighted this week by the global conference at the International Monetary Fund on the G20 data gaps Initiative: a set of 20 recommendations on the enhancement of economics and financial statistics launched after the 2007–08 financial crisis to provide broader data sets for policymakers and supervisors.
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