FSB met on 9 January to assess the progress of the financial reform agenda. The meeting discussed:

  • financial conditions;
  • improving financial regulation, specifically compensation practices, bank capital and liquidity, reducing moral hazard and strengthening capacity for cross-border resolution, the perimeter and consistency of regulation, and strengthening accounting standards; and
  • a framework to strengthen adherence to the international standards that it published. It will periodically assess members' compliance with the highest standards and will encourage jurisdictions to cooperate. It plans to focus on jurisdictions which could be a risk to financial stability.