FSB全球金融稳定会-FSB-Chairs-letter-to-G20-Finance-Ministers-and-Central-Bank-Governors_-October-2019_5页_257kb.pdfVIP

用户上传 更多免费报告请查看研报客 T H E C H A I R 13 October 2019 To G20 Finance Ministers and Central Bank Governors This year marks the ten-year anniversary of the founding of the Financial Stability Board by the G20 Leaders. The G20 Leaders agreed that post-crisis reforms to a global financial system require cross-border cooperation and a framework of internationally agreed high standards. Over these past ten years, the FSB proposed and guided the development of critical reform initiatives in a number of areas and worked with international standard-setting bodies and international organizations to build a more resilient financial system, addressing the fault lines that caused the global financial crisis. The development of those policies is nearly complete and implementation is well underway. The FSB’s 5th annual report on implementation and effects of reforms, which we are submitting to the G20 at its October meeting, confirms that these efforts have resulted in a number of tangible accomplishments: a stronger banking system that holds more loss-absorbing capital and higher levels of liquidity; derivatives markets that are more transparent; and securitizations that are less complex. More generally, those aspects of non-bank financial intermediation that contributed to the financial crisis have substantially declined and no longer pose risks to financial stability. Yet our mission is far from complete. This is certainly the case with respect to the agreed G20 reforms, where implementation progress remains uneven across key reform areas, and where we are in the process of evaluating that reforms are working as intended. Moreover, looking ahead,