FSB finds large gaps in implementing regulatory reforms
Efforts to strengthen resilience of financial sector have not been timely or consistent, body warns
The implementation of global regulatory reforms aimed at strengthening the financial sector’s resilience has not been timely or consistent, the Financial Stability Board (FSB) has warned in its latest report.
The interim report, published today (October 13), summarises the FSB’s efforts to monitor the implementation of reforms agreed by member jurisdictions. These include policies addressing the ‘too big to fail’ problem and vulnerabilities in the non-bank sector.
“Full, timely, and consistent
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