In response to the FInancial Stability Board's mandate to address systemic and moral hazard risks associated with systemically important financial institutions, an initial group of 29 globally systemically important banks have now been identified.

The Financial Stability Board, in collaboration with the Organisation for Economic Co-operation and Development, has published a report on consumer finance protection in relation to mortgages, credit cards and secured and unsecured loans.

The Financial Stability Board has published a progress report to the G-20 concerning macroprudential policy tools and frameworks.

The Financial Stability Board has published a report setting out the FSB’s recommendations on a number of issues concerning shadow banking that were requested by the G-20 leaders at the November 2010 Seoul Summit.

The Financial Stability Board published a report which provides an overview of work underway to implement the G-20 recommendations for strengthening financial stability.

The Financial Stability Board has issued a press release following its recent meeting in Basel at which it discussed vulnerabilities currently affecting the global financial system and its work plan for 2012 to strengthen global financial regulation

In September 2009, G-20 leaders agreed in Pittsburgh that all standardised over-the-counter derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end 2012 at the latest.

The Financial Stability Board has released a background note which details its current thinking on the oversight and regulation of the shadow banking system.

The Financial Services Board has published a note which highlights that while exchange traded funds bring a number of benefits to investors and market participants, including easier access to specific asset classes or risk exposures, they may also generate new types of risk, linked to the complexity

The Financial Stability Board has published a Peer Review Report on deposit insurance schemes which points to the trade-off between financial stability and market discipline, and warns about the dangers of moral hazard.