FSB Chair Writes G20 Finance Ministers and Central Bank Governors

In anticipation of a February 22-23rd meeting in Riyadh, Saudi Arabia, the Financial Stability Board (FSB) Chair, Randal K. Quarles, drafted a letter to G20 Finance Ministers and Central Bank Governors regarding challenges and changes to the global financial system in the areas of technology, supervisory and regulatory coordination to benefit the non-bank sector, market fragmentation, and other issues surrounding supervisory and regulatory issues. The FSB will contribute to the Saudi Arabian G20 by working on issues such as the LIBOR transition, technology, stablecoins, cross-border payments, non-bank financial intermediation, evaluation of post crisis regulatory framework, and implementation monitoring. For more information on Quarles’ letter and FSB’s G20 strategy can be found here.