The Financial Stability Board has published a progress report for the G20 on its work plan to reduce misconduct in the financial sector. The plan includes:
- measures to strengthen governance frameworks – FSB is working on how compensation tools can be used to address misconduct
- actions to help authorities address misconduct risk – IOSCO published a report looking at how regulators can deal with misconduct in wholesale markets and
- actions to improve market structures and practices – particular progress has been made in relation to benchmarks and initiatives are now focussing on fx