IBFed writes to FSB – 12/04/11

12 Apr 2011

IBFed has written to the Financial Stability Board (FSB) setting out thoughts on the current status of the implementation of the G20 regulatory reform agenda.  In the letter, IBFed offers support for the overarching objectives of the regulatory reform programme and the continuing efforts of the FSB to coordinate its implementation.  We call for the FSA to prioritise work on those reforms most important for near-term financial stability.  The letter also welcomes the FSB’s efforts to promote consistent implementation of standards via its programme of peer reviews and thematic reviews, noting that level playing field is vital to prevent regulatory arbitrage.

The IBFed letter is available here.