Meetings of G20 Finance Ministers and Central Bank Governors
FSB Chair reviews what remains to complete the core elements of reform, and then outlines the characteristics of financial supervision and regulation needed to realise fully the benefits of an open, integrated global financial system.
FSB Chair reports on progress in three key areas of reform to create a more resilient global financial system. They include implementation of the Basel III capital and liquidity requirements, implementation of reforms to resolution regimes and implementation of OTC derivatives reforms.
FSB Chair reviews the progress made in implementation of financial regulatory reforms, provides an assessment of the effect of the G20 financial regulatory programme on the availability of long term investment finance, and highlights FSB's priorities and work plans.
This letter summarises the progress being made in the priority areas identified by the G20 Leaders. These include (i) building resilient financial institutions; (ii) ending "too big to fail"; (iii) strengthening the oversight and regulation of shadow banking activities; and (iv) creating continuous core markets by completing OTC derivatives and related reforms.
FSB Chair provided an update to the G20 on progress towards (i) building resilient financial institutions; (ii) ending "too big to fail"; (iii) strengthening the oversight and regulation of shadow banking activities; (iv) completing OTC derivatives and other reforms to create continuous core markets; and (v) implementing agreed G20 reforms in a timely and consistent manner.