FSB review finds its own policy drafting contributes to uneven G20 reform implementation
The FSB's second Implementation Monitoring Review report turns the lens inward, asking whether the way it develops, drafts and presents post-crisis reforms affects how well they are implemented. It concludes national circumstances dominate but the policy process itself matters in a number of cases. For anyone who tracks FSB standards into national rulebooks, this signals where the body may recalibrate how it writes the next generation of reforms.
- Second report under the G20 Implementation Monitoring Review, a strategic review led by Randal K. Quarles at the G20's request.
- Finds national circumstances are the main driver of uneven implementation, but the FSB's own policy development process contributes in some cases.
- Points to targeted, well-calibrated reform of the policy development process as one element in improving implementation.