BIS central bankers’ speeches  3  crisis, with analyses of the crisis frequently emphasizing the role of the shadow banking system and of the global effects of the Lehman bankruptcy. Thus we are talking about regulation of the financial system at a very broad level, going beyond the banking system.
That is not yet the case with FATF. Like the FSB, FATF is an exclusive members club which presumes to impose its rules on countries who are refused membership. Both FSB and FATF have addressed this anomaly, in a fashion, by establishing regional advisory groups.