We have a very large audience today, and may I now invite all our speakers to share their experiences. Thank you very much. BIS Review 137/2010  7
The G-201, the Financial Stability Board and the Basel Committee on Banking Supervision have made significant strides in future-proofing the resilience of the global financial system and finalising the core elements of the regulatory reforms. The first phase of this new global regulatory initiative focused on ending the ‘too big to fail’ problem in order to reduce the risk to the fiscus and taxpayers.