G20 DGI Recommendations and Data

In 2009, the G20 Finance Ministers and Central Bank Governors (FMCBG) endorsed a set of recommendations to support enhanced policy analysis of emerging risks and close the data gaps identified following the global financial crisis. In September 2015, the G20 FMCBG acknowledged the progress made and endorsed the completion of the first phase of the Data Gaps Initiative (DGI-1) and the launch of its second phase (DGI-2). The DGI-2 maintains continuity with the DGI-1 and its main objective is to implement the regular collection and dissemination of reliable and timely statistics for policy use. DGI-2 also includes new recommendations to reflect evolving policymaker needs.



Recommendation II.1: Mandate of the DGI

The G20 economies to regularly compile comparable and high quality economic and financial statistics in accordance with international standards and disseminate such statistics in a timely manner. The IAG to coordinate and monitor the implementation of the DGI recommendations, and promote the DGI webpage as a global reference. Staff of the FSB and IMF to provide annual updates on progress to G20 Finance Ministers and Central Bank Governors.

Monitoring Risks in the Financial Sector

Recommendation II.2: Financial Soundness Indicators (FSIs)                                         

The G20 economies to report the seven Financial Soundness Indicators (FSIs) required from SDDS Plus adherent economies on a quarterly frequency, with a timeliness of one quarter. The G20 economies are encouraged to report the core and expanded lists of FSIs, with a particular focus on other (non-bank) financial corporations. The IMF to coordinate the work and monitor progress.

Lead IAG Member Agency: IMF*

Data: Financial Soundness Indicators (IMF)

Table 1 – Seven FSIs Required Under SDDS Plus

  1. Regulatory Tier 1 capital to risk-weighted assets
  2. Regulatory Tier 1 capital to assets
  3. Nonperforming loans net of provisions to capital
  4. Nonperforming loans to total gross loans
  5. Return on assets
  6. Liquid assets to short-term liabilities
  7. Residential real estate prices

Table 2 – FSIs for Other Financial Corporations

  1. OFC assets (percent of total financial system assets)
  2. OFC assets (percent of GDP)     

Templates and other reporting information:

Data template

Other documentation:

FSIs metadata by country

IMF 2019 Financial Soundness Indicators Compilation Guide (publication)

FSI project and other related documents

Recommendation II.3: FSI Concentration and Distribution Measures (CDM)

The IMF to investigate the possibility of regular collection of CDMs for FSIs. The G20 economies to support the work of the IMF.

Lead IAG Member Agency: IMF*

Data:

IMF will start collecting CDM data in new report templates by end of 2021 but currently the CDM tool for selected FSIs is provided to member countries only for their information and use.

Templates:  CDM Computational tool (IMF)

Other documentation: IMF 2019 Financial Soundness Indicators Compilation Guide (publication)

 

Recommendation II.4: Data for Global Systemically Important Financial Institutions (G-SIFIs) 

The G20 economies to support the BIS International Data Hub to ensure the regular collection and appropriate sharing of data about global systemically important banks (G-SIBs). In addition, the FSB, in close consultation with the IMF and relevant supervisory and standard setting bodies, to investigate the possibility of a common data template for non-bank G-SIFIs starting with insurance companies.

Lead IAG Member Agencies: FSB* (IMF)

Data:

BIS collects:

  • Monthly data on credit and funding exposures of reporting firms
  • Quarterly data on balance-sheet exposures, by counterparty jurisdiction, sector, currency and maturity

Templates and other reporting information: Templates for Global Systemically Important Banks are available to G-SIB reporting jurisdictions

Other documentation:

Monitoring Systemic Institutions for the Analysis of Micro-Macro Linkages and Network Effects (paper)

Globally Systemically Important Financial Institutions (G-SIFIs)

FSB welcomes insurance holistic framework (press release)

 

Recommendation II.5: Non-Bank Financial Intermediation (NBFI)                                                                                        

The FSB to conduct the annual monitoring exercise on NBFI and to implement the global data collection and aggregation on securities financing transactions (SFT). In addition, the OECD, in coordination with the FSB and the BIS, to investigate possibilities for further breakdown of the financial corporations sector (in SNA-based sectoral accounts) to better capture NBFI in macroeconomic statistics.

Lead IAG Member Agencies: FSB* (OECD)

Data:

Global Monitoring Report on NBFI (FSB)

Main Monitoring Aggregates of the Global Monitoring Report on NBFI (FSB)

Global SFT Data Collection (FSB) – to be announced

Annual NBFI Statistics (OECD) – to be announced

Templates and other reporting information:

FSB Global SFT Data Collection and Aggregation    

FSB Global Securities Financing Data Collection and Aggregation - Frequently Asked Questions

Submitting SFT data to the BIS as the global data aggregator

OECD Questionnaire on NBFI – Table NASEC_TSB720_A_OECD.xlsx available by download

Other documentation:

Standards and Processes for Global Securities Financing Data Collection and Aggregation

Non-cash Collateral Re-Use: Measure and Metrics (report)

OECD guidelines on non-bank financial intermediation (publication)

Sectoral accounts are consistent with the framework of the System of National Accounts 2008

 

Recommendation II.6: Derivatives    

The BIS to conduct the Triennial Central Bank Survey and to review the derivatives data collected for the International Banking Statistics (IBS) and the semi-annual over-the-counter (OTC) derivatives statistics survey. The FSB, in line with its 2014 feasibility study on approaches to aggregate OTC derivatives data, to investigate the legal, regulatory, governance, technological, and cost issues that would support a future FSB decision on the potential development of a mechanism to aggregate and share at global level OTC derivatives data from Trade Repositories (TR).

Lead IAG Member Agencies: BIS*, FSB*

Data:

Triennial Central Bank Survey of Foreign Exchange and Over-the-counter (OTC) Derivatives Markets in 2019 (BIS)

National results published as part of the Triennial Central Bank Survey (BIS)

Semiannual OTC derivatives outstanding (BIS)

Templates and other reporting information:

Reporting guidelines for the BIS Triennial Central Bank Survey

Reporting guidelines for OTC derivatives, amounts outstanding at end-June 2019 for non-regular reporting institutions (publication)

Other documentation:

BIS Derivatives Statistics    

Research and analysis using the BIS derivatives statistics

Governance arrangements for OTC derivatives identifiers (press release)

BIS OTC derivatives statistics: explanatory notes (document)

FSB Progress Reports on Implementation

FSB feasibility study on approaches to aggregate OTC derivatives data (report)

FSB Thematic Review on OTC Derivatives Trade Reporting (report)

FSB Trade reporting legal barriers: Follow-up of 2015 peer review recommendations (report)

CPMI-IOSCO Technical Guidance - Harmonisation of the Unique Transaction Identifier (publication)

CPMI-IOSCO Technical Guidance - Harmonisation of the Unique Product Identifier (publication)

CPMI-IOSCO Technical Guidance - Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) (publication)

 

Recommendation II.7: Securities Statistics  

The G20 economies to provide on a quarterly frequency (with a timeliness of four months) debt securities issuance data to the BIS consistent with the Handbook on Securities Statistics (HSS) starting with sector, currency, type of interest rate, original maturity and, if feasible, market of issuance. Reporting of holdings of debt securities and the sectoral from-whom-to-whom data prescribed for SDDS Plus adherent economies would be a longer term objective. The BIS, with the assistance of the Working Group on Securities Databases, to monitor regular collection and consistency of debt securities data.

Lead IAG Member Agencies: BIS*, ECB* (WGSD)

Data: Debt securities statistics (BIS)

Reporting Template 1 – Debt securities issuance statistics

  • Stocks at nominal value
  • Stocks at market value
  • Transactions at market value

 Reporting Template 2 – Debt securities holdings statistics

  • Stocks at market value
  • Transactions at market value

 Reporting Template 3 – From whom-to-whom debt securities statistics

  • Stocks at market value

Templates and other reporting information:  Recommendation II.7 reporting templates

Other documentation:

Self-commitments by G20 economies

Self-commitments by non-G20 FSB member economies

Questionnaire responses on implementation of self-commitment for 2018 targets

Questionnaire responses on implementation of self-commitment for 2021 targets

BIS-ECB-IMF Handbook on Securities Statistics (HSS) (publication)

Complementary Note 1 to the HSS regarding calculation of accrued interest (document)

Complementary Note 2 to the HSS regarding classification of debt securities by interest rate type (document)

For further information on the work on Recommendation II.7, please also refer to the Working Group on Securities Databases (WGSD)  

Vulnerabilities, Interconnections, and Spillovers

Recommendation II.8: Institutional Sector Accounts           

The G20 economies to compile and disseminate, on a quarterly and annual frequency, sectoral accounts flows and balance sheet data, based on the internationally agreed template, including data for the other (non-bank) financial corporations sector, and develop from-whom to-whom matrices for both transactions and stocks to support balance sheet analysis. The IAG, in collaboration with the Inter-Secretariat Working Group on National Accounts (ISWGNA), to encourage and monitor the progress by G20 economies. The target by 2021 comprises data dissemination of non-financial and financial accounts and balance sheets, on an annual and quarterly basis. More advanced ambitions include annual and quarterly financial sector accounts presented on a from-whom-to-whom basis and annual non-bank financial intermediation statistics.  

Lead IAG Member Agencies: IMF* and OECD* (IAG and ISWGNA)

Data: OECD

Target by 2021

More advanced ambitions (all encouraged)

  • Annual financial sector accounts transactions from-whom-to-whom basis – flows and stocks
  • Quarterly financial sector accounts transactions from-whom-to-whom basis – flows and stocks
  • Annual non-bank financial intermediation statistics - to come

Templates and other reporting information:

Templates

OECD questionnaires

Other Documentation:

Sectoral accounts are consistent with the framework of the System of National Accounts 2008

Institutional sector accounts compilation guide - to come

Eurostat-OECD Compilation Guide on Land Estimation (publication)

Eurostat-OECD Practical guidance on measuring Intellectual Property Products (publication)

Eurostat-OECD Compilation Guide on inventories (publication)

OECD Compiling mineral and mineral and energy resources according to SEEA 2012 (paper)

OECD Guidelines on collection of data on non-bank financial intermediation (publication)

       

Recommendation II.9: Household Distributional Information                                                        

The IAG, in close collaboration with the G20 economies, to encourage the production and dissemination of distributional information on income, consumption, saving, and wealth, for the household sector in line with national accounts. The OECD to coordinate the work in close cooperation with Eurostat and ECB.

Lead IAG Member Agencies: OECD* (Eurostat, ECB) - IAG

Data:

Distributional results on income, consumption, and saving (OECD)

Table 1: Experimental statistics: Distributional information on household income, consumption and saving

Table 2: Experimental statistics: Supplementary socio-demographic information

Distributional results on income and consumption (Eurostat)

Table 1: Distributional national accounts for household income

Table 2: Distributional national accounts for household consumption

Table 3: Metadata

Templates and other reporting information: Data template

Other documentation: Guidelines for the compilation of distributional information on household income, consumption and saving in line with national accounts totals (publication)

 

Recommendation II.10: International Investment Position (IIP)      

The G20 economies to provide IIP data to the IMF consistent with the Balance of Payment and International Investment Position Manual, sixth edition (BPM6), and including the enhancements such as the currency composition of financial assets and liabilities and separate identification of other (non-bank) financial corporations (OFCs), introduced in the Manual, on a quarterly frequency and maximum of one-quarter timeliness. IMF to monitor reporting and the consistency of IIP data, and consider separate identification of nonfinancial corporations, in collaboration with IMF Committee on Balance of Payments Statistics (BOPCOM).

Lead IAG Member Agency: IMF*

Data:

Balance of Payments and International Investment Position Statistics (IMF)

IIP Data Tables (IMF)

  • IIP by Country
  • IIP by Indicator
  • Currency composition by country, including reserve-related liabilities data

Data Query (customize data variables) (IMF)

Templates and other reporting information: Data template exist within the framework of BPM6 Appendix 9

Memorandum Tables (required):

  • Currency Composition of Assets and Liabilities, Table A9-I
  • Reserve-related Liabilities, Table A9-V short-term RRL nonresidents

Supplementary Tables (voluntary):

  • Currency Composition of Assets and Liabilities, Tables A9-II (time series data), and Table A9-III Debt Claims and Liabilities with Instrumental Breakdown.
  • Remaining Maturity of Debt Liabilities to nonresidents (at a reference date), Table A9-IV
  • Reserve-related Liabilities, Table A9-V Reserve assets, RRL (short- and long-term), other foreign currency assets/liabilities

Other documentation:

IIP Metadata by Country

Archive IIP metadata and publications

IMF Balance of Payments Manual, 6th edition (BPM6) (publication)

BPM6 Compilation Guide (publication)

Other BOP/IIP documents

    

Recommendation II.11: International Banking Statistics (IBS)                                                

The G20 economies to provide enhanced BIS international banking statistics. The BIS to work with all reporting countries to close gaps in the reporting of IBS, to review options for improving the consistency between the consolidated IBS and supervisory data, and to support efforts to make data more widely available. The target is for all G20 economies to fully implement the agreed enhancements by 2021.

Lead IAG Member Agency: BIS*

Data:

Locational banking statistics (BIS)

Consolidated banking statistics (BIS)

Templates and other reporting information:

Reporting guidelines for the BIS IBS

Information on submitting IBS to the BIS

Other documentation:

Study group recommendations on potential enhancements to the BIS IBS (report)

About the BIS IBS

IBS Metadata for reporting countries

Research using the IBS

 

Recommendation II.12: Coordinated Portfolio Investment Survey (CPIS)                              

The G20 economies to provide, on a semi-annual frequency, data for the IMF CPIS, including the sector of holder table and, preferably, also the sector of nonresident issuer table. The data to be reported with a maximum six-and-a-half months of timeliness. The IMF to monitor the regular reporting and consistency of data, to continue to improve the coverage of significant financial centers, and to investigate the possibility of quarterly reporting. The target is for the G20 economies to report CPIS by 2021.

Lead IAG Member Agency: IMF*

Data:

Coordinated Portfolio Investment Survey (IMF)

CPIS Data Tables (IMF)

Core: Table 1-Total Portfolio Investment Assets

Encouraged:

Table 2-Portfolio Investment Assets by Currency of Denomination of the Securities Held

Table 3-Total Portfolio Investment Assets by Sector of Resident Holder

Table 4-Reported Portfolio Investment Liabilities by Economy of Nonresident Holder 

Table 5-Total Portfolio Investment Assets by Sector of Nonresident Issuer

Table 6-Portfolio Investment Assets (Total Holdings) by Sector of Resident Holder, and Economy and Sector of Nonresident Issuer for Specified Economies

Table 7-Portfolio Investment Assets, Short or Negative Positions

Data Query (customize data variables) (IMF)

Templates and other reporting information: Table templates available in the Documents tab under the CPIS page.

Other documentation:

CPIS Metadata by Economy

CPIS Cross-Economy Metadata Comparison

CPIS Cross-Economy Metadata Detail

CPIS Metadata Availability

Other CPIS documents

  • CPIS Guide, 3rd edition
  • CPIS FAQ
  • CPIS Notes and definition
  • Metadata Questionnaire

   

Recommendation II.13: Coordinated Direct Investment Survey (CDIS)                                         

The G20 economies to participate in the IMF CDIS and provide a minimum of inward data by 2019. The reporting to improve including both inward and outward data with the split by net equity and net debt positions by 2021. Data reporting is on an annual frequency and with a maximum nine-month timeliness. The IMF to monitor the progress.

Lead IAG Member Agency: IMF*

Data:

Coordinated Direct Investment Survey (IMF)

CDIS Data Tables (IMF)

Data Query (customize data variables) (IMF)

Templates and other reporting information: Table templates available in the Documents tab under the CDIS page.

Other documentation:

CDIS Metadata by Economy

CDIS Cross-Economy Metadata Comparison

CDIS Cross-Economy Metadata Detail

Other CDIS documents

  • CPIS Guide, 3rd edition
  • CPIS FAQ
  • Metadata Questionnaire

  

Recommendation II.14: Cross-Border Exposures of Non-Bank Corporations                            

The IAG to improve the consistency and dissemination of data on non-bank corporations’ cross-border exposures, including those through foreign affiliates and intra-group funding, to better analyze the risks and vulnerabilities arising from such exposures, including foreign currency mismatches. The work will draw on existing data collections by the BIS and the IMF, and on the development of the OECD framework for foreign direct investment. The G20 economies to support the work of the IAG.

Lead IAG Member Agencies: BIS*, IMF*, OECD*

Data:

Locational Banking Statistics (BIS)

Consolidated Banking Statistics (BIS)

Other Financial Corporations Surveys based on Standard Report Form (SRF) 4SR (IMF)

Templates and other reporting information:

Submitting data to the BIS

IMF SRF 4SR template

Other documentation:      

Nonbank counterparties in international banking  

IBS reporting guidelines

About the BIS international banking statistics

IBS metadata for reporting countries

Research and analysis using the BIS International Banking Statistics

See notes for Other Financial Corporations within the IMF International Financial Statistics Country Notes

Monetary and Financial Statistics Manual and Compilation Guide (includes the new 4SR) 

   

Recommendation II.15: Government Finance Statistics (GFS)                                                              

The G20 economies to disseminate quarterly general government data consistent with the Government Finance Statistics Manual 2014 (GFSM 2014). Adoption of accrual accounting by the G20 economies is encouraged. The IMF to monitor the regular reporting and dissemination of timely, comparable, and high-quality government finance data.    

Lead IAG Member Agency: IMF*    

Data: Government Finance Statistics (IMF)

Table 1 – Revenue, Expenditure, GOB - Gross operating balance, NOB - Net operating balance  and NLB - Net lending (+) / net borrowing (-)

Table 2 – General Government debt and other balance sheet aggregates

Templates and other reporting information: Data Template 

Other documentation:

Government Finance Statistics Metadata

Government Finance Statistics Manual (publication)

 

Recommendation II.16: Public Sector Debt Statistics                                                                    

The G20 economies to provide comprehensive general government debt data with broad instrument coverage to the World Bank/IMF/OECD Public Sector Debt Statistics Database. The target is for G20 economies to report both general and central government debt statistics on a quarterly frequency with broad instrument coverage. The World Bank to coordinate the work. 

Lead IAG Member Agencies: World Bank* (IMF, OECD, BIS)

Data:

All participating economies

Quarterly Public Sector Debt (World Bank)

Public Sector Debt Statistics Prebuilt Tables (World Bank)

Table 1       Gross General Government Debt Position

Table 1.1    Gross Central Government Debt Position

Table 1.1.1  Gross Budgetary Central Government Debt Position

Table 2       Gross Nonfinancial Public Corporations Debt Position

Table 3       Gross Financial Public Corporations Debt Position

Table 4       Total Gross Public Sector Debt Position

OECD countries

Quarterly Public Sector Debt (OECD)

Quarterly Public Sector Debt by instrument coverage (OECD)

Templates and other reporting information:

Quarterly Public Sector Debt Data Template (World Bank)

Public Sector Debt Template for OECD countries (OECD)

See section “Public Sector Debt”

Other documentation:

About the Quarterly Public Sector Debt data

Public Sector Debt Statistics: Guide for Compilers and Users (publication)

Measuring Government Debt: From D1 to D4 (note)

 

Recommendation II.17: Residential Property Prices        

Compile and publish residential property price indices (RPPI) broadly representative of the residential property market and consistent with the Handbook on Residential Property Price Indices, preferably as part of official statistics, and make these data available to the relevant international organizations, including the BIS, Eurostat, and OECD.

Lead IAG Member Agency: IWGPS* (IAG)

Data: Property Price Statistics, summary information (BIS)

Residential property prices: detailed series (nominal)

Residential property prices: selected series (nominal and real)

        Preferred breakdown:

  • RPPIs for both the whole country and the capital city
  • RPPIs for all types of dwellings and its breakdown for single and multi-family dwellings

       Additional indicators collected by Eurostat and the OECD:

  • CPI for housing according to the COICOP classification
  • Housing transactions (number and value)

Other documentation:

Handbook on Residential Property Price Indices (RPPIs) (publication)

G20 Thematic Workshop on Residential and Commercial Property Price Indices (workshop)

International Conference on Real Estate Statistics (conference)

 

Recommendation II.18: Commercial Property Prices                                                                        

Provide available Commercial Property Price Indicators (data and associated metadata, including descriptions of data source(s) and compilation procedures) to BIS, from private sources or sourced from official statistics, the latter being the preferred option.

Lead IAG Member Agency: IWGPS* (IAG)

Data:

Commercial Property Prices, summary information (BIS)

Commercial Property Price time series (BIS)

Other documentation:

Eurostat (2017) Commercial Property Price Indicators: Sources, Methods and Issues (publication)

G20 Thematic Workshop on Residential and Commercial Property Price Indices (workshop)

IFC Report (2019) Mind the Data Gap: Commercial Property Prices for Policy (report)

International Conference on Real Estate Statistics (conference)

 

Communication of Official Statistics

Recommendation II.19: International Data Cooperation and Communication

This recommendation fosters improved international data cooperation among international organizations and supports timely standardized transmission of data through internationally agreed formats (e.g., SDMX), to reduce the burden on reporting economies, and promote outreach to users. The IAG to continue to work with the G20 economies to present timely, consistent national data on the PGI website* and on the websites of participating international organizations.

Lead IAG Member Agencies: IMF*, Eurostat*

Data: International data exchange database (UN)

Pilot 1 – data on GDP and its main components, employment, and population

Pilot 2 – sectoral accounts data

Documentation:

Statistical Data and Metadata eXchange (SDMX)

Status Report on the Implementation of Recommendation II.19 - to come

*The PGI website was decommissioned in June 2021 and replaced with this webpage.

 

Recommendation II.20: Promotion of Data Sharing

This recommendation promotes and encourages the exchange of data and metadata among and within G20 economies, and with international agencies, to improve the quality (e.g., consistency) of data, and availability for policy use.

Lead IAG Member Agencies: IMF*, Eurostat*

Documentation:

2020 Status Report on the Implementation of Recommendation II.20

March 2017 Update on the DGI and the Outcome of the Workshop on Data Sharing

Proceedings of the 2017 G20 Workshop on Data Sharing - Part 1, Part 2, Part 3, Part 4, Part 5

2021 G20 Workshop on Promotion of Data Sharing

 

Additional Information on Recommendations from the First Phase of the Data Gaps Initiative