FSB has met in Basel, where it announced forthcoming action to strengthen global financial regulation. Over the summer it will release guidance to support recovery and resolution plans for systemically important financial institutions, as well as Annexes to the Key Attributes of Effective Resolution Regimes that will cover insurance groups, financial market infrastructures, the protection of client assets in resolution and information sharing among authorities. It will also identify an initial list of global systemically important insurers. FSB has also announced a consultation on a methodology to enable the International Monetary Fund to assess countries' implementation of the Key Attributes. Regarding other areas of regulatory reform, FSB highlighted the launch of a study on global aggregation and sharing of data reported to trade repositories. FSB has also established a steering group to co-ordinate the reviews of interest rate benchmarks. (Source: Meeting of FSB in Basel)