FSB Chair's Letter to G20 on Financial Reforms – Progress on the Work Plan for the Antalya Summit

17 April 2015

The letter from the FSB chair to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Washington in April 2015 provides an update on progress at last month’s FSB Plenary meeting in Frankfurt.

In February in Istanbul, the following priorities for the FSB’s G20 financial regulation agenda were agreed upon:

The FSB Chair’s April letter includes information on ongoing work to finalise post-crisis reforms in two particular areas: measures to help end too-big-to-fail for different types of financial institutions, including a coordinated work plan to promote central counterparty (CCP) resilience, recovery planning and resolvability; and initiatives to make derivatives markets safer.

The FSB is prioritising work to understand and address vulnerabilities in capital market and asset management activities. This will comprise two linked projects. The first will examine the likely near-term risk channels and the options that currently exist for addressing these. The second will consider the longer-term development of these markets and whether additional policy tools should be applied to asset managers according to the activities they undertake with the aim of mitigating systemic risks.

To address misconduct risks, the FSB has agreed a work plan that will examine:

Press release

Full letter


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