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27 September 2010

FSB meets on Financial Reform Agenda


The FSB also reviewed recommendations developed by an FSB Working Group and said the report will be published at the time of the November G20 Summit in Seoul.

The FSB said they will make recommendations to G20 Leaders at the November Summit in Seoul covering the need for global SIFIs to have a higher loss absorption capacity; enabling the resolution of SIFIs without taxpayer solvency support; strengthening the intensity of SIFI supervision; and a peer review process to promote consistent national policies in this area.
The FSB will establish outreach arrangements with non-member authorities, through the establishment of regional groups comprising member and non-member authorities and the groups’ first meetings will take place in 2011.


© Financial Stability Board

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