Paul Tucker spoke at the FSB and Korean G20 Presidential Committee Conference. He focused on:

  • surveillance of the financial system;
  • supervision of individual firms;
  • capital and liquidity;
  • the "too-big-to-fail" issue;
  • capital markets; and
  • incentives.

He finished by noting the need for greater awareness of regulatory arbitrage and a willingness to do something about it. He also said regulators must now focus on shadow banking.