The FSB will soon complete a follow-up report and recommendations for strengthening the regulation and supervision of nonbank financial institutions, including in the activities of open-ended funds and the regulation of margining practices.
The G20 countries also support the FSB’s proposal to strengthen the regulatory framework and supervision of a comprehensive and international standard for cryptoasset activities by applying the principle of “same activity, same risk, same regulation”. This is because cryptoasset activities and ecosystems have developed rapidly and pose systemic risks to international and global financial systems.