This week the Group of Twenty (G20) Leaders agreed plans at their summit at Los Cabos (Mexico), to bolster the role of their financial reform task force, the Financial Stability Board (FSB) as recent reports exposed some relapses in the national implementation of key banking reforms:
"The FSB should, as needed to address regulatory gaps that pose risk to financial stability, develop or coordinate development of standards and principles," the FSB said in a paper approved by the G20 Leaders.