The Chairman of the Financial Stability Board (FSB), Dr Mark Carney, has written to the G20 Finance Ministers and Central Bank Governors providing an update on financial reforms. The letter summarises the progress so far in completing the programme of reform
for the G20 Brisbane summit (which will take place in November), looks ahead to plans for implementation beyond Brisbane and summarises the initial findings of an FSB review of the representation of jurisdictions on the FSB.
The priorities for completing reforms by the Brisbane summit are:
In respect of making derivatives markets safer he indicated that the following would be published ahead of the Brisbane Summit:
© Finextra Research 2014