A lot of what needs to be done requires international consistency because finance is global. It is therefore of critical importance that, as we set out a constructive path for reform in our respective constituencies, we work to ensure that this takes place with a view to preserving the advantages of integrated global financial markets and a level playing field across countries and sectors.
The Financial Stability Board takes this very seriously. Completing and implementing financial reform thus remains a key imperative – both nationally and internationally. Let me now speak to some of the areas where critical decisions in the months ahead will determine whether credible reform is achieved.