FSB Letter Sets Out Priorities for the Argentine G20 Presidency
FSB published a letter that its Chair Mark Carney sent to the G20 Finance Ministers and Central Bank Governors, ahead of their meeting in Buenos Aires on March 19-20. The letter sets out the priorities of FSB under the Argentine Presidency. An annex to the letter contains a table listing priority G20 deliverables, along with their expected timelines, from FSB during the Argentine G20 Presidency.
During the course of the year, the deliverables to G20 will include the following areas:
- Correspondent banking Action Plan, including improving the access of remittance providers to banking services
- A toolkit for firms and supervisors on the use governance frameworks to reduce misconduct in the financial sector
- Leverage measures for investment funds to support resilient market-based finance
- Guidance on financial resources available to support central counterparty (CCP) resolution to deliver resilient and resolvable CCPs
- Cyber security lexicon to support consistency in the work of the FSB, standard-setting bodies, authorities, and private-sector participants
- Private-sector-led Task Force on Climate-related Financial Disclosures’ report on voluntary implementation of its recommendations to highlight good practice and foster wider adoption
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Keywords: International, Securities, G20, Priorities, Financial Stability, Shadow Banking, Correspondent Banking, CCP Resolution, FSB
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