FSB Warns of Renewed Banking Strains
The Financial Stability Board (FSB) assessed that it has made substantial progress in achieving the mandates given by G20 leaders last November and this April at a plenary meeting Tuesday. The panel said that it would submit two reports to the G20 summit slated for Sept. 24 and 25 in Pittsburgh on progress made in the aftermath of the unprecedented financial crisis. ``Good progress has been made on the policy development needed to implement the package of reforms set out previous Financial Stability Forum (FSF) reports, the G20's Washington Action Plan of November 2008 and the London summit statement of April 2009,'' the FSB said in a statement. The Financial Stability Board (FSB) assessed that it has made substantial progress in achieving the mandates given by G20 leaders last November and this April at a plenary meeting Tuesday. The panel said that it would submit two reports to the G20 summit slated for Sept. 24 and 25 in Pittsburgh on progress made in the aftermath of the unprecedented financial crisis.
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