FSB flags up financial reform concerns
The Financial Stability Board (FSB) has flagged up three principal areas for concern in the global reform agenda in a status report compiled for the G-20 summit.
Under the FSB's traffic-light rating system, national authorities get a 'red light' for failing to reduce their reliance on credit rating agencies, commit the necessary legislative reforms to create effective resolution regimes, and provide supervisors with sufficient independence and resources to identify and address risks.
The FSB has
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