At its meeting in Rome today, the FSB assessed vulnerabilities affecting the financial system, and made decisions needed to progress major initiatives to strengthen the resiliency of the financial system.
The FSB met in Basel today to take forward the regulatory policy reform agenda and reaffirm the timelines for policy development and implementation in 2010. The meeting also agreed on a framework for strengthening adherence to international standards, and reviewed current conditions and adjustment in the financial system.
At its meeting in Paris, the FSB reviewed the main risks facing the financial system and potential policy responses. It also discussed further work to improve financial regulation and progress in implementing reforms.
The FSB held its inaugural meeting in Basel on 26-27 June. This was the first meeting since the Financial Stability Forum (FSF) was re-established as the FSB with an expanded membership and a broader mandate to promote financial stability.