This paper reports the main findings of a pilot project launched in July 2014 by the IMF'sStatistics Department to test augmenting the IMF's financial soundness indicators (FSIs)with concentration and distribution measures (CDMs) to capture tail risks, concentrations,variations in distributions, and the volatility of indicators over time that simple averages canmiss. Volunteer participants reported a trial set of CDMs to assess analytical usefulness andidentify concerns such as confidentiality and reporting burden. The results of the pilotsuggests that CDMs can help detect financial sector risks, justifying the additional reportingburden but that further input from participating countries and potential data users should besought; indeed further refinement of the reporting requirements and the CDMs themselvesmay be needed.