2013年-FSB全球金融稳定委员会_FSB_Secretariat_Scoreboard_Status_Report_10页_340kb

Summary of the FSB Status Report on G20 Financial Regulatory Reform Implementation (As of 5 September 2013)

Core Content

This document is the FSB Secretariat's status report on the progress made in implementing the G20 recommendations on financial regulatory reform. It outlines the status of global policy development and national/ international implementation for various reform areas. The progress is assessed using a four-grade system ("traffic lights") to indicate the level of achievement relative to the G20 objectives and deadlines.

Main Viewpoints

• The report is based on qualitative information from FSB members and includes assessments from the FSB's implementation monitoring framework.
• Two previous versions of the report were submitted to G20 Leaders at the Cannes and Los Cabos Summits.
• The four-grade system is used to evaluate progress, with each grade reflecting both the timeline and the consistency with the objective.
• The report highlights both achievements and ongoing challenges across different areas of financial regulatory reform.

Key Information

Global Policy Development Status

National/International Policy Implementation Status

Key Areas of Progress and Challenges

• Basel III Implementation: The capital and liquidity framework has been completed, with the LCR standard issued by BCBS in January 2013. However, some jurisdictions still face challenges in implementing the framework consistently.
• Non-Cooperative Jurisdictions (NCJs): Progress has been made in promoting adherence to international standards, but 17 out of 61 prioritised jurisdictions have not yet demonstrated strong adherence.
• Resolution Regimes: The development of resolution frameworks for G-SIFIs is ongoing, with some jurisdictions needing to implement legal frameworks for crisis intervention and cross-border cooperation.
• Securitisation and Hedge Funds: Retention requirements for securitisation sponsors are completed, but the implementation of hedge fund oversight remains a challenge. The FSB and IOSCO have made progress in enhancing information sharing and transparency.
• Accounting Standards: The convergence of global accounting standards has been delayed, and progress is still ongoing. However, some improvements have been made in areas such as fair value measurement and risk disclosure.
• FSB Governance and Capacity: The FSB has been established as a legal entity with greater autonomy, and its outreach and governance structures have been enhanced.
• Consumer Finance Protection and EMDEs: The FSB has explored options for consumer finance protection and is monitoring the impact of reforms on emerging market and developing economies (EMDEs). Capacity-building efforts are ongoing, though EMDEs still face challenges in resources and expertise.

Conclusion

The report indicates that significant progress has been made in implementing many of the G20 recommendations, particularly in areas such as Basel III and FSB governance. However, challenges remain in reducing reliance on external ratings, ensuring consistent application of prudential standards, and implementing resolution frameworks. The FSB continues to monitor and support the implementation of these reforms, with a focus on improving coordination and addressing gaps in compliance and capacity across jurisdictions.