Insurers, clearinghouses, auditors, banks and other financial industries face further measures from global authorities to overhaul practices, even as the Financial Stability Board shifts focus from rule-writing to implementation of standards set after the crisis.
“The FSB is now pivoting away from the design of new policy initiatives, toward ensuring the implementation of these reforms, and rigorous evaluation of their effects,” the global regulatory coordinating body says in a report today.
Nonetheless, the Basel-based body highlighted new or early-stage initiatives, where much rule-writing lies ahead.
Insurance, clearing, audit, banking face more FSB work despite policy 'pivot'
29 November 2018 7:24am