Work on this front is ongoing in several forums. The FSB has recently prepared two different reports to evaluate the effects of reforms on infrastructure finance and on incentives to clear OTC derivatives centrally.
A new project has been started to assess the effects of reforms on SME financing and another is planned to evaluate the implications of the reforms aimed at addressing the systemic and moral hazard risks associated with global systemically important banks (G-SIBs). The FSB is also planning an initiative to explore ways to address the risk of market fragmentation.