We should invite reflection on the design and impact of our efforts, solicit input on risks to financial stability, and better communicate our mission and activities to the public, without the veneer of technical jargon. The FSB can begin this work at home, by strengthening the role of the regional groups that are already part of the organization.
In 2011, the FSB established six consultative groups representing large regions of the globe. The intent was to expand our outreach beyond the membership of the G20 and to better reflect the FSB’s global mission and impact. Today, the groups meet once or twice a year and help the FSB obtain broader input into its policy development agenda.