United Kingdom (and EU regulation)

FSB reports to G20 Brisbane summit on progress in financial regulatory reforms

Ahead of the G20 Brisbane summit the Financial Stability Board (FSB) has published the following documents:

a letter from the FSB chair to the G20 leaders which reports on the progress of financial regulatory reform and highlights major issues for concern;
a report to the G20 on the FSB’s review of the structure of its representation. The FSB is seeking G20 endorsement of measures that seek to strengthen the voice of emerging markets and developing economies in the FSB whilst preserving the effectiveness of its decision-making process;
a progress report setting out the FSB’s approach to transforming shadow banking into resilient market-based financing and a roadmap for further work in 2015. The report summarises the progress made in the two-pronged strategy which is to: (i) create a system-wide monitoring framework to track developments in the shadow banking system with a view to identifying the build-up of systemic risks and initiating corrective actions where necessary; and (ii) develop policy measures where oversight and regulation need to be strengthened to reduce excessive build-up of leverage, as well as maturity and liquidity mismatching in the system; and
a comprehensive overview report that details the progress made since the G20 St Petersburg summit in various reform areas.