Coordination Framework for Monitoring the Implementation of Agreed G20/FSB Financial Reforms
October 18, 2011
On 18 October 2011, the Financial Stability Board (FSB) established a Coordination Framework for Implementation Monitoring, to strengthen the co-ordination and effectiveness of the monitoring of member countries' implementation of agreed G20/FSB financial reforms.
The priority areas outlined by the FSB are:
- Basel III framework;
- over-the-counter derivatives market reforms;
- compensation practices;
- policy measures for global systemically important financial institutions; and
- strengthened regulation and oversight of the shadow banking system.