The Financial Stability Board (FSB) has published two reports submitted to G20 leaders, Improving Financial Regulation, and Overview of Progress in implementing the London Summit Recommendations for Strengthening Financial Stability.
While a major programme of financial reforms responding to the conditions that were responsible for setting off the global financial crisis is being carried out by the FSB and its members, policy development is not yet complete, and further reforms are set out in Improving Financial Regulation.
The reforms include strengthening the robustness of the OTC (over the counter) derivatives market. Standards will be strengthened and applied to address systemic risks, including making capital requirements reflect the risks of OTC derivatives and further promote the move to central counterparties and organised exchanges.
View Improving Financial Regulation - Report of the Financial Stability Board to G20 Leaders, 25 September 2009