A first set of initiatives taken by the FSF has focused on reducing information gaps: in terms of the raw data available to authorities and the market; in terms of the mechanisms, such as credit ratings, through which this information is compiled and used by the market; and in terms of the analytical work we do in the official sector to assess risks and vulnerabilities in the system.
The framework is still in development stages FSB, A Progress Report submitted to G-20 Ministers and Governors on 16 April 2012. http://www.financialstabilityboard.org/publications/ r_120420b.pdf  BIS central bankers’ speeches  7