Banks have been urged to make concerted efforts to capture 100 per cent data, including offbalance sheet items, from all their branches in a timely manner. While the banks are required to prepare the “Statement of Structural Liquidity” on a daily basis for their MIS, for monitoring by the RBI, the statement needs to be sent to the RBI at monthly intervals. 20.
Concrete steps towards standardisation include the establishment of mandatory requirements regarding the use of the International Securities Identification Number and the global Legal Entity Identifier. Europe should retain its prominent role in the implementation of the second phase of the G20 Data Gaps Initiative.