IBFed writes to G20 in Seoul – 5/11/10

5 Nov 2010

IBFed has written to the Chair of the G20 Seoul summit in November, underlining our support for the leaders’ commitment to the regulatory reform agenda.  In the letter, IBFed urged the G20 to implement the new standards consistently to maintain a global level playing field and to avoid fragmentation, protectionism and regulatory arbitrage.  We highlighted the new regimes for capital and liquidity (Basel III), measures to enhance crisis management frameworks and the quality of supervision as key priorities.  We will continue to provide the FSB with advice and opinions.

The IBFed letter is available here.