ABSTRACT
In 2008 the global financial system suffered the deepest financial crisis since the Great Depression. The global financial crisis (GFC) not only highlighted gaps in financial regulation but also a failure of financial regulatory structures to maintain financial stability. In the aftermath the Group of Twenty (G20) delegated a complete review of financial sector regulation to the Financial Stability Board (FSB). At the top of the FSB’s agenda is overseeing the implementation of regulatory reforms that more effectively maintain financial stability.
