2015年-FSB全球金融稳定委员会_The_Financial_Crisis_and_Information_Gaps_86页_1mb

Summary of the Sixth Progress Report on the Implementation of the G-20 Data Gaps Initiative

Core Content

This Sixth Progress Report on the G-20 Data Gaps Initiative (DGI) outlines the progress made in implementing the 20 DGI-1 recommendations endorsed in 2009 and proposes a second phase (DGI-2) to further enhance data collection and dissemination. The report emphasizes the importance of high-quality, comparable, and timely financial and economic statistics for informed policy-making and financial stability analysis. It highlights the collaborative efforts of the G-20 economies, international agencies, and the private sector in addressing data gaps and the role of the Inter-Agency Group (IAG) in coordinating these efforts.

Main Objectives

• To assess the progress made in implementing the DGI-1 recommendations.
• To propose a second phase of the DGI (DGI-2) to consolidate and enhance the data collection efforts.
• To ensure the regular flow of high-quality statistics for policy use across the G-20 economies.
• To promote the use of the Principal Global Indicators (PGI) website as a global reference for financial data.

Key Messages

• Significant progress has been made in implementing the DGI-1 recommendations, with most expected to be completed by the end of 2015 or early 2016.
• The DGI-2 aims to strengthen and consolidate the progress achieved, focusing on dataset completeness, consistency, and timeliness.
• There is an increasing emphasis on cross-border linkages and interconnections within and across economies.
• The DGI-2 maintains the same 20 recommendations as DGI-1, but with a more specific and practical focus.
• The IAG continues to coordinate the implementation of DGI-2, ensuring alignment with international standards and facilitating data sharing.

Main Recommendations of DGI-1 and DGI-2

DGI-1 Recommendations (Completed or In Progress)

DGI-2 Recommendations

Key Points

• The DGI has been instrumental in enhancing the availability and quality of financial and economic data for policy analysis and financial stability monitoring.
• Collaboration among G-20 economies, international organizations, and the private sector has been crucial to the success of the initiative.
• The need for granular and consistent data is increasing, especially for analyzing micro and macroeconomic linkages and financial sector vulnerabilities.
• Non-G-20 economies have also made progress in improving their data systems, inspired by the G-20's efforts, and this has led to the development of SDDS Plus.
• The IAG plays a central role in coordinating the implementation of the DGI recommendations and promoting data sharing and standardization.
• The PGI website is proposed as a global reference for financial data, and the IAG is expected to develop an action plan for DGI-2, including targets and timelines, for discussion with G-20 economies at a global conference in June 2016.

Way Forward

• The DGI-2 will focus on dataset completeness, consistency, and timeliness.
• The IAG will continue to coordinate and monitor the implementation of DGI-2 recommendations.
• The proposal for DGI-2 will be presented for endorsement at the September 2015 meeting of the G-20 FMCBG.
• Flexibility will be allowed for implementation based on national priorities and resource constraints.
• The DGI-2 aims to strengthen the linkages between the different data collection initiatives and promote international cooperation in statistical reporting.

Conclusion

The DGI has made significant strides in improving the availability of financial and economic data since its inception in 2009. The DGI-2 seeks to build on this progress by focusing on data completeness, consistency, and timeliness, ensuring that the data collected supports financial stability analysis, policy decision-making, and global economic monitoring. The initiative reflects the evolving needs of policymakers and the increasing importance of cross-border data flows and sectoral interconnections in the global financial system.