The next step will be to examine whether, thanks to the reforms, the problem of systemically important financial institutions being “too big to fail” and benefiting from government subsidies has been brought to heel. You can view the findings of these studies on the Financial Stability Board's website. 4 Transparency and the public consultations carried out as part of the evaluations are indeed crucial.
This is because supervisory authorities and central banks are public institutions that serve the common good and must, accordingly, be held accountable for their actions. Evaluations based on scientific standards are already good practice in many other fields, such as labour market policy, family policy, development aid, or medicine.