The FSB will examine suitable policy approaches to address vulnerabilities in areas of market-based finance other than MMF regulation, such as open-ended funds, margining practices, and short-term funding markets. It will be incumbent on future G20 presidencies to carry on the work that has been started this year.
A second key policy area for the Italian G20 presidency, under the ‘Planet’ label, has been sustainable finance. Let me emphasise that this is a completely new item on the ‘Finance Track’ agenda. Our presidency has come at a time of rapidly growing global awareness of the challenges posed by climate change, at all levels: policymakers, public opinion, financial investors.