On 23 May 2019, the Financial Stability Board (FSB) launched an evaluation into the G20 post-financial crisis too-big-to-fail reforms. The summary terms of reference have also been published.

The objectives of the evaluation are twofold to:

  • assess whether the reforms for which implementation has been completed or are underway are reducing the systemic and moral hazard risks associated with systemically important banks (SIBs); and
  • examine broader effects of the reforms on the financial system. This involves analysis of the extent to which reform-induced changes in SIBs’ structures and activities have impacted overall financial system resilience and structure.

The evaluation will cover all FSB jurisdictions and include, to the extent possible, cross-border and cross-sectoral effects from the implementation of too-big-to-fail policies for SIBs. The results of the evaluation will be published in a  draft report,  expected to be issued for public consultation in June 2020.  The final report is expected to be published by the end of 2020.