Moreover, the economic and financial importance of the Asian region is greater now than on past occasions when international regulatory standards were put together. So engaging Asia in the search for genuinely global approaches to regulation is important.
To that end, the Financial Stability Board (FSB), and some of the standard-setting bodies that attend it, have adjusted their membership over the past five years in a way that recognises the importance of the Asian countries (and those of some other regions too). The FSB is currently undertaking a further review of the structure of its representation.