The Financial Stability Board (FSB) concluded its meeting in Tokyo yesterday. The Board met to discuss vulnerabilities currently affecting the global financial system
During the meeting the FSB discussed the forthcoming annual update of Global Systemically Important Banks (G-SIBs), to be published in November 2012. The Board also endorsed for publication the finalized framework for dealing with domestic systemically important banks (D-SIBs) developed by the Basel Committee on Banking Supervision (BCBS).
The FSB discussed a range of additional topics including, policy recommendation to strengthen the oversight and regulation of money market funds; concerns regarding the cross-border application of over-the-counter derivatives reforms; and progress in the implementation of Basel III.