The BIS, ECB, EUROSTAT, IMF, OECD, UN, and the World Bank have joined together to focus on business practices in the field of statistical information that would allow more efficient processes for exchange and sharing of data and metadata. The goal is to explore common e-standards and ongoing standardization activities that could allow us to gain efficiency and avoid duplication of effort in our own work and possibly for the work of others in the field of statistical information.