The FSB’s monitoring continues to find little tangible evidence or data to suggest that global financial regulatory reforms have had adverse consequences on the provision of long-term finance. With most regulatory reforms still at an early stage of implementation, it remains too early to fully assess their impact on the provision of long-term finance or changes in market behaviour in response to these reforms. The FSB will continue to monitor impacts in order to identify potential financial regulatory impediments to the promotion of market-based financing, the development of new instruments to finance long-term investment, or the supply of long-term financing by domestic or foreign intermediaries.