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Friday, October 15, 2010

Financial Regulatory Reforms to be Discussed at FSB Seoul Plenary

A plenary session of the Financial Stability Board, or FSB, will be held in Seoul next Wednesday to discuss financial regulatory reforms ahead of next month's G20 Seoul Summit.

Key agenda items on the table include strengthening supervision of global SIFI's or Systemically Important Financial Institutions and enhancing bank capital regulation.

The delegates will also discuss the establishment of an outreach program to encourage non-member countries to participate in the FSB.

The results of the meeting will then be reported to the G20 leaders at the Seoul summit, where the issues are expected to be resolved.

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