In view of the many sources from which systemic risk can arise, better procedures are needed for systematically pooling and efficiently using the information available to these bodies in their assessment of domestic financial vulnerabilities and global conditions.“ in Tietmeyer, H. “Report on international cooperation and coordination in the area of financial market supervision and surveillance”, Bank for International Settlements, 11 February 1999.
5  The recommendations for the second phase of the G20 Data Gaps Initiative include Recommendation II.20 on the promotion of data sharing by G20 economies, which includes an increase in “the sharing and accessibility of granular data, if needed by revisiting existing confidentiality constraints”. BIS central bankers’ speeches  3