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FSB outlines principles to guide regulatory ‘modernisation’

‘We have not seen people implement our recommendations and then move back’, says John Schindler

John Schindler
John Schindler

The Financial Stability Board published eight “high-level principles” to guide the process of regulatory “modernisation” today (October 14), as it tries to ensure widespread regulatory reviews worldwide are coherent and do not undermine resilience.

Alongside the principles, the report includes the results of a stocktake of modernisation practices across 24 jurisdictions, which yielded 126 examples of how authorities have been reviewing and reforming their regulation and supervision.

In a separate

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