The Financial Stability Board (FSB) issues its fifth annual report, that provides an update on the key activities of the FSB and its audited annual financial statements for the 12-month period ended 31 March 2018.
The report provides an update on the FSB’s work as it pivoted from a primary focus on new policy development towards evaluating policies that have been implemented and addressing any unintended consequences. It provides an update on the activities, publications and decisions by the FSB during the course of the year, and sets out details on the FSB’s governance.
The FSB’s current priorities are designed to build on that strong foundation to reinforce the G20’s objective of strong, sustainable and balanced growth.
Vigilant monitoring to identify, assess and address new and emerging risks remains at the heart of the FSB’s work. Through structured analysis and candid discussion among its diverse and expert members, the FSB assesses risks arising from a broad range of developments and trends in the financial system – including those relating to technological change which can cut across traditional boundaries.
The FSB’s focus has pivoted from a primary focus on new policy development towards evaluating policies that have been implemented and addressing any unintended consequences. The FSB’s approach to dynamic and effective implementation will help ensure that the new regulatory framework keeps pace with a changing financial system in as efficient a manner as possible, while continuing to meet the objectives that were set by the G20 Leaders.