FSB co-ordinating Covid-19 response – Quarles

Randal Quarles
Randal Quarles
Photo: US Federal Reserve

The Financial Stability Board is looking to co-ordinate work to protect financial systems during the Covid-19 pandemic and also keeping an eye on measures to support the recovery, Randal Quarles says in a letter to the G20.

The FSB chair says the board is drawing on its “diverse membership” to provide risk assessments to policy-makers. It is also “promoting an intensive daily information exchange” on policy responses to Covid-19 and working to ensure policy actions are co-ordinated.


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