FSB issued a press release about its meeting on 5 April 2011. The meeting considered financial system weaknesses and the need for strengthening banking systems by stress testing as well as for closer surveillance by authorities of developments in exchange-traded funds, commodities and high-yield markets. The FSB's meeting progressed its financial regulatory work on systemically important financial institutions, reforming OTC derivatives markets, developments in commodity markets, regulating shadow banking, data collection and sharing by authorities, and sound compensation practices. It also progressed with its framework to establish six Regional Consultative Groups to increase the countries involved with FSB’s work. The first meetings of these groups will take place later in 2011. (Source: FSB meeting in Rome 5 April 2011)
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FSB meets in Rome
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