Financial Stability Board (FSB) and Bank for International Settlements (BIS): on the Global Financial Regulatory Reform

On September 21, the Financial Stability Board (FSB) published its latest letter to G20 Ministers and Central Bank Governors. The FSB urged the completion of the global financial reform, which is almost finished, and to look ahead for new risks and vulnerabilities that could materialise. Four days later, on September 25, the Bank for International Settlements (BIS) published a press release on the progress of post-crisis reforms on financial regulation that were analysed during the banking supervisors and central bankers meeting in Taijin (China).

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