FSB details progress on G20 regulatory agenda

The Financial Stability Board has provided an update on the progress made in the three years since it came to live as a creature of the Group of 20 nations. It comes in the form of four separate reports. First is a letter providing an overview of the work on making financial institutions more resilient and dealing with shadowing banking and derivatives. Second is a progress report on ways of dealing with banks that are too big to fail, while the third deals with strengthening the regulatory and supervisory infrastructure. The fourth, a joint report of the US-based Financial Accounting Standards Board and the International Accounting Standards Board, discusses the issues in seeking convergence between their respective systems and the governance of the IASB.

Source document: The FSB news release, a two-page pdf file, has links to the specific documents.