Since the onset of the financial crisis, the G20 has established core elements of a new global financial regulatory framework that will make the financial system more resilient and better able to serve the needs of the real economy. National authorities and international bodies, with the FSB as a central locus of coordination, have further advanced this financial reform programme, based on clear principles and timetables for implementation. This report details the additional progress made in developing and implementing global policy reforms since the G20 Seoul Summit in November 2010. It was submitted to the G20 Cannes Summit in November 2011.
The report was prepared based on information collected through the survey conducted by the FSB Implementation Monitoring Network.