FSB turns to video in effort to widen comms reach

The Bank for International Settlements, Basel
Photo: Ulrich Roth

The Financial Stability Board has published its first video pitched at a non-specialised audience, in an attempt to explain its work to a broader set of people.

Safer, Simpler, Fairer, released on July 3, explains by way of an animation how regulatory changes since the 2008 crisis have sought to improve the financial system.

It says “toxic” forms of shadow banking have shrunk 40%, while derivatives trading has shifted to a safer “hub and spoke” model, with central counterparties at the hub

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