Establish a new Financial Stability Board

Establish a new Financial Stability Board (FSB) with a strengthened mandate, as a successor to the Financial Stability Forum (FSF), including all G20 countries, FSF members, Spain, and the European Commission.

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The G-20 London Summit 2009
G-20 Summit Communiqué
Strengthening financial supervision and regulation
Agreed Action Plan
Establish a new Financial Stability Board
New institutions prone to old failings
Extend oversight to all systemically important entities
Extend regulatory oversight to Credit Rating Agencies
FSB and IMF to provide early warning of risks
Prevent excessive leverage and require buffers
Reshape systems to take account of macro-prudential risks
Single set of high-quality global accounting standards
Sustainable compensation schemes
Take acton against non-cooperative jurisdictions
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