Raphael Rosenblatt | Bloomberg LawFSB Press Release No. 55/2011 (Nov. 2, 2011) Responding to a call by G20 leaders to develop a framework of measures to promote adherence to certain standards and cooperation among jurisdictions, the Financial Stability Board (FSB) issued a public statement regarding the compliance of 61 different jurisdictions. The FSB identified those jurisdictions that had been evaluated on the basis of their financial importance and noted that 41 already demonstrate strong adherence to the relevant standards. Additionally, 18 jurisdictions are in the process of implementing reforms to strengthen their adherence, or have decided to request new assessments of their adherence.
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