India is also amongst the first few signatories to the Special Data Dissemination Standards (SDDS) as defined by the International Monetary Fund for the purpose of releasing data and the RBI contributes to SDDS in a significant manner. There has been an ongoing and steady improvement in the collection, compilation, coverage and publications of various economic and monetary statistics.
The key international forum on these matters, the Financial Stability Board (FSB) has set clear guidelines on how failure resolution regimes should be structured.