FSB Reports on G20 Reforms

In its fourth annual report, the Financial Stability Board ("FSB") highlighted progress made under G20 financial reforms. The G20 reforms were intended to address the root causes of the global financial crisis and build a more resilient financial system.

The report highlighted the implementation status on various G20 goals, including bank resiliency and ending "too big to fail," as well as derivatives reform. FSB assessed the overall effects of the reforms on financial market infrastructure and incentives to clear derivatives. FSB also emphasized its future efforts to establish financial stability policy that "supports strong and sustainable growth" and to reinforce global regulatory cooperation.