The goal of the principles is to reduce mechanistic reliance on CRA ratings and to incentivise improvements in independent credit risk assessment and due diligence capacity.
The Financial Stability Board (FSB) met today on key elements of financial reforms ahead of the G20 Summit in Seoul.
At its meeting in Paris today, the FSB reviewed risks and vulnerabilities affecting the global financial system and progress on the regulatory reform agenda under coordination by the FSB.
The report finds that Mexico has made impressive progress in recent years in upgrading its financial regulatory and supervisory framework to bring it further in line with international standards and good practices.
Public consultation on the impact of G20 financial regulatory reforms on SME financing.
Proposals for guidance on the effective recovery and resolution of G-SIBs with large derivatives portfolios.
Biennial progress report on the implementation of the FSB standards on compensation.