The Financial Stability Board published a guidance document on cooperation and information sharing with host authorities of jurisdictions where a Global Systemically Important Financial Institution (G-SIFI) has a systemic presence that are not represented on its Crisis Management Group (CMG). Host regulators who are not part of CMGs require access to relevant information about a firm even if the market they supervise is not considered systemic for the firm. It is important where, for example, the failure of an institution could be systemic for the non-CMG country. The guidance sets out a way for resolution authorities and host regulators to address these matters.