The goal is a dynamic and resilient financial system that serves the needs of households and businesses in good times and in bad. The FSB is building the reforms on a foundation of consensus among G-20 members. Despite its small size, the FSB has accomplished a great deal in just two and half years.
Now it needs to reach out and network to foster closer relationships with international financial institutions, standard-setting bodies and non-member countries. The FSB also needs to be placed on a more secure footing if it is to be an enduring pillar of the international financial architecture.