FSB has announced the launch of Phase 2 of its Data Gaps initiative, which seeks to collect key granular data on the interlinkages between global systemically important banks (G-SIBs). Banks will be required to report their largest funding providers and their holdings of tradable debt securities issued by another G-SIB. Frequency of reporting will initially be monthly but banks should work towards being able to report more frequently. This phase will focus on collecting institution-to-aggregate data. (Source: FSB Data Gaps Initiative)