The Financial Crisis and Information Gaps – Third Implementation Progress Report

Abstract

The G-20 Data Gaps Initiative (DGI) aims at closing information gaps highlighted by the crisis. It focuses on the implementation of 20 recommendations contained in the report The Financial Crisis and Information Gaps prepared by the staffs of the FSB Secretariat and the International Monetary Fund (IMF) and endorsed by the G20 Finance Ministers and Central Bank Governors in November 2009. This is the third progress report on the implementation of the DGI. Work under the DGI contributes to improving the identification and monitoring of the buildup of risk in the financial sectors, the cross-border interlinkages, the vulnerabilities and sectoral interconnections in domestic economies, and the communication of official statistics. The ultimate goal is to create a global information system suitable to monitor global financial and non-financial flows and positions comprehensively.