Each agency should outline what data it collects and what data it can share, which data is confidential and which is not, which data is collected on a routine basis and which by request. The BFS also indicated that this Technical Group could be a Standing Group and should be assigned all residuary work including formation of an agency for data collection and sharing.
The BFS expressed that NABARD/NHB need not be part of the Group as they perform delegated supervision as agents of RBI. Regarding the information sharing between investigative agencies, it was suggested that the Technical Group could also look into this aspect after both the Foreign Exchange Management Act (FEMA) and Money Laundering Bills are passed.