The Financial Stability Board has published a letter to G20 Finance Ministers and Central Bank Governors describing the progress of post-financial crisis reforms and key focus areas for the future. Over the past ten years, the FSB has proposed a number of reforms to the global financial system, working with international organizations on implementation to improve financial stability.
The letter notes that the FSB’s reforms have helped to accomplish a stronger banking system that holds more loss-absorbing capital and higher liquidity levels, more transparent derivatives markets and less complex securitizations. However, the letter also identifies risks for the future, including:
The FSB will publish its annual report on the implementation and effects of the G20 financial regulatory reforms on October 16, 2019.
View the FSB's letter to G20 Ministers and Central Bank Governors.
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