The Financial Stability Board has published its second annual report to the G20 on the implementation and effects of the financial regulatory reforms, together with a dashboard providing a snapshot of the status of implementation progress by FSB jurisdiction across priority reform areas. The report's conclusions include that implementation progress remains steady but uneven, and that the strengthened resilience brought about by the reforms has stood the financial system in good stead. The report also discusses three areas that were identified in the FSB's first annual report as requiring close attention, namely market liquidity, effect of reforms on emerging market and developing economies and maintaining an open an integrated global financial system.