IBFed responds to the FSB on a common template for G-SIBs - 14/11/11

14 Nov 2011

IBFed has responded to the FSB Consultation entitled "Understanding Financial Linkages: A Common Data Template for Global Systemically Important Banks." In the letter we express our support for efforts to gather data on financial linkages in a consistent manner but identify a number of areas where the FSB must provide greater clarity. We also drew the FSB's attention to our concerns regarding the cost of data collection, the need to protect confidential data and the importance of paying close regard to the implementation schedule.

The IBFed letter is available here.