## DGI-1 Recommendation 7

## Source details

**Canonical URL:** [DGI-1 Recommendation 7](https://www.imf.org/en/data/statistics/working-group-on-securities-databases/dgi-1-recommendation-7)

## Other formats

- [Markdown version](/en/data/statistics/working-group-on-securities-databases/dgi-1-recommendation-7/index.md)
- [Structured JSON version](/en/data/statistics/working-group-on-securities-databases/dgi-1-recommendation-7/index.json)
- [Bundle manifest](/en/data/statistics/working-group-on-securities-databases/dgi-1-recommendation-7/bundle-manifest.json)

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### Background and mandate
- The first G20 Data Gaps Initiative (DGI-1) was launched in 2009 when the Finance Ministers and Central Bank Governors of the G20 economies endorsed a report titled The Financial Crisis and Information Gaps prepared by the Financial Stability Board (FSB) Secretariat and the IMF staff.
- The report included 20 recommendations to address specific data gaps.
- Recommendation 7 on Securities Statistics called for central banks and, where relevant, statistical offices—particularly those of the G20 economies—to participate in the BIS data collection on securities and contribute to the further development of the BIS-ECB-IMF Handbook on Securities Statistics.
- The Working Group on Securities Databases (WGSD) was tasked with developing and implementing a communication strategy for the Handbook.

### Recommendation 7 — specific actions
- Central banks and, where relevant, statistical offices to participate in the BIS data collection on securities.
- Contribute to the further development of the BIS-ECB-IMF Handbook on Securities Statistics.
- WGSD to develop and implement a communication strategy for the Handbook.

### Outcomes and deliverables
- The Handbook on Securities Statistics was published in May 2015.
- An accompanying communication document for the Handbook was published concurrently.
- Following completion of DGI-1 Recommendation 7, all G20 economies participate—to various degrees—in the BIS data collection on securities.

### Related initiatives and continuity
- Recommendation 7 links to subsequent and related workstreams, including:
  - Working Group on Securities Databases (WGSD) activities.
  - Continuity with later Data Gaps Initiative phases referenced as DGI-2 Recommendation 7 and DGI-3 Recommendation 4.
  - Ongoing Data Collection on Securities Statistics coordinated with BIS, ECB, and IMF.

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## Content in this bundle

- **Handbook on Securities Statistics**
  - [Handbook on Securities Statistics (Markdown version)](/-/media/files/data/statistics/wgsd/hss.pdf.md){rel="alternate" type="text/markdown"}
  - [Handbook on Securities Statistics (PDF)](/-/media/files/data/statistics/wgsd/hss.pdf){rel="external" type="application/pdf"}
- [The Financial Crisis and Information Gaps (PDF)](/external/np/g20/pdf/102909.pdf){rel="external" type="application/pdf"}

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## References

- [G20 Data Gaps Initiative](https://www.imf.org/en/News/Seminars/Conferences/g20-data-gaps-initiative)
- [Handbook [on Securities Statistics].](https://www.imf.org/en/Data/Statistics/working-group-on-securities-databases/handbook-on-securities-statistics)
- [About the WGSD](https://www.imf.org/en/data/statistics/working-group-on-securities-databases)
- [DGI-3 Recommendation 4](https://www.imf.org/en/data/statistics/working-group-on-securities-databases/dgi-3-recommendation-4)
- [DGI-2 Recommendation 7](https://www.imf.org/en/data/statistics/working-group-on-securities-databases/dgi-2-recommendation-7)
- [Handbook on Securities Statistics](https://www.imf.org/en/data/statistics/working-group-on-securities-databases/handbook-on-securities-statistics)
- [Data Collection on Securities Statistics](https://www.imf.org/en/data/statistics/working-group-on-securities-databases/data-collection-on-securities-statistics)

_Source: https://www.imf.org/en/data/statistics/working-group-on-securities-databases/dgi-1-recommendation-7_