The Financial Stability Board (FSB) has reported on the outcome of its plenary meeting held on 21 July 2016 in Chengdu. The FSB discussed the current vulnerabilities and progress in addressing priority areas and deliverables for the G20 Leaders’ Summit in Hangzou in September, including:

  • supporting the full, timely 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 financial stability risks associated with market-based finance, misconduct, and the reduction in correspondent banking relationships;
  • promoting robust financial infrastructure, by working with the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions to assess policies on central counterparty resilience, recovery and resolvability, and to recommend any necessary improvements; and
  • promoting effective macro-prudential policymaking, by examining jointly with the International Monetary Fund and the Bank for International Settlements lessons learned from national and international experience.

View FSB reports on July 2016 plenary meeting, 21 July 2016