See Bank for International Settlements (2010): “80th Annual Report”, Basel, 28 June; and Bank for International Settlements (2015): “A Brief History of the Basel Committee”, October. 2  BIS central bankers’ speeches  and financial affairs.
In addition, as risks for the world economy became less severe and a collapse of the global financial system was avoided, the momentum for an overhaul of global governance fostered by the outbreak of the GFC lost steam. The 2010 agreement on IMF reform provides a clear example of existing constraints on the overhaul of global economic governance, even after the most recent efforts.