FSB Holds Modernization Symposium

Last week, the Financial Stability Board (FSB) hosted a Modernization Symposium in Basel, bringing together representatives from regulatory authorities, academia, and industry to discuss how to make financial regulation and supervision more effective.

Key discussions centered on the drivers of change in regulatory frameworks, the use of cost-benefit analysis, and the role of tailoring and proportionality in supervisory processes. Participants also examined the challenges posed by technological advancement and the need to maintain a level playing field across jurisdictions.

The symposium forms part of the FSB’s broader effort to promote well-aligned modernization across member jurisdictions. Its findings will contribute to a report to be submitted to the G20 in October 2026.

In a recent Starling Insights Weekend Reading article, Starling Founder & CEO Stephen J. Scott considered the supervisory reform agenda now taking shape on both sides of the Atlantic. ▸ Read More

Drawing on recent speeches and announcements from the UK, Europe, the United States, and Basel, he argued that the live policy question is not whether supervision should be more or less intrusive, more judgment-based or rule-bound, or more qualitative or quantitative. “That agenda is not moving in a single ideological direction,” Scott wrote. “Nor should it. The right line of questioning is not whether supervision should be more or less intrusive, more judgment-based or rule-bound, more qualitative or quantitative ... The sharper question is institutional: what makes intrusive supervision legitimate?”