2  BIS central bankers’ speeches  Third, in addition to the traditional statistical issues facing emerging economies like India, the global financial crisis has drawn attention to data gaps in the financial sector which needs to be addressed.
The G-20 has particularly emphasised the importance of data for better identification of the build-up of risks in the financial sector and of financial interconnectedness The proposal is to scale up SDDS by including financial stability indicators (FSIs). While the Reserve Bank has started providing data under this SDDS-plus initiative, this process needs to be expanded further.