FSB report on progress since the Washington summit in the implementation of the G20 recommendations
12 November 2010
The FSB and its members have advanced a major programme of financial reforms to build a more resilient and less procyclical financial system that better serves the needs of our economies.
This has included:
· new bank capital and liquidity standards (Basel III);
· a policy framework to address the moral hazard risk posed by SIFIs;
· system-wide oversight arrangements at national, regional and international levels;
· measures to improve core market infrastructures;
· expansion of the regulatory perimeter to include the OTC derivatives markets, hedge funds and credit rating agencies; and
· supervisory tools to raise standards of governance, risk management and capital conservation at financial institutions.
© Financial Stability Board
