Overview of Progress in the Implementation of the G20 Recommendations for Strengthening Financial Stability
In Washington in 2008, the G20 committed to fundamental reform of the global financial system. The objectives were to correct the fault lines that led to the global crisis and to build safer, more resilient sources of finance to serve better the needs of the real economy. National authorities and international bodies, with the Financial Stability Board (FSB) as a central locus of coordination, have taken forward this financial reform programme, based on clear principles and timetables for implementation. The FSB coordinates and closely monitors the national implementation of these reforms and is responsible for reporting on them to the G20. This report details the additional progress made by the FSB and its members in global policy development and implementation of agreed reforms since the G20 St Petersburg Summit in September 2013.