Last week, the Financial Stability Board (FSB) published the interim report of its strategic review into the global implementation of agreed G20/FSB post-Financial Crisis reforms.
The review is being led by Randal K. Quarles, past-Chair of the FSB and past-Vice Chair for Supervision of the US Federal Reserve Board. While much progress has been made over the past 15 years, the interim report acknowledges, “full, timely and consistent implementation has not been completely achieved,” despite active monitoring by the FSB and standard-setting bodies.
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