Financial Stability Board: Report on International Cooperation to address COVID-19 Implications

Blue Building - Image by PublicDomainPictures from Pixabay

The Financial Stability Board has published a report on international cooperation and coordination to address the financial stability implications of COVID-19.

The report outlines principles that underpin the official regulatory community’s rapid and coordinated response to support the real economy, maintain financial stability and minimize the risk of market fragmentation. 

Using these principles, supervisory authorities are expected to monitor and share information on a timely basis to assess and address financial stability risks from COVID-19. 

Regulatory authorities are also expected to act consistently with international standards, and not roll back reforms or compromise the underlying objectives of existing international standards.

Photo Credit: Pixabay

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