The Financial Stability Board (FSB) has published a letter to G20 finance ministers and central bank governors outlining its priorities for financial reforms during the Chinese G20 Presidency.
The FSB’s priorities for 2016 relate to the following areas of reform:
- supporting the full and consistent implementation of post crisis reforms, while remaining ready to address any material unintended consequences;
- addressing new and emerging vulnerabilities in the financial system, including potential risks associated with market-based finance, asset management activities, conduct, correspondent banking and climate change;
- promoting robust financial infrastructure, working with Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions to assess policies on central counterparty resilience, recovery and resolvability, and recommending any necessary improvements;
- drawing lessons, working with the International Monetary Fund and the Bank for International Settlements, from the practical application of macro prudential policy frameworks and tools; and
- assessing the systemic implications of financial technology innovations, and the systemic risks that may arise from operational disruptions.
View To G20 Finance Ministers and Central Bank Governors, 27 February 2016