A Coordination Framework for Monitoring the Implementation of Agreed G20/FSB Financial Reforms – Financial Stability Board Report, 18 October 2011 The Financial Stability Board (FSB) has created a co-ordination framework for implementation monitoring (CFIM) to improve the co-ordination and monitoring of G-20 financial reforms and reporting. In particular, Basel III, over-the-counter (OTC) derivatives and compensation practices are expected to benefit from this initiative.1 The FSB was established in its current form following the Leaders' Statement at the G-20 summit in London in April 2009; it was previously known as the Financial Stability Forum. Its role is to co-ordinate at an international level the work of national financial authorities and standard setting bodies (SSBs) such as the Basel Committee on Banking Supervision, the International Organization of Securities Commissions, and the Committee on Payment and Settlement Systems.
CFIM Role & Objectives
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