Global FSB should substitute high-level principles for prescriptions, panel says
By Neil Roland ( October 14, 2026, 04:00 GMT | Insight) -- The Financial Stability Board should apply more high-level principles and fewer detailed prescriptions to avoid early policy recommendations that lag in implementation in some jurisdictions, an FSB panel headed by a Trump first-term official said. The Implementation Monitoring Review for the Basel-based regulatory coordinator for the Group of 20 economic powers also called for the FSB to be “more disciplined in prioritizing new policy work.” The FSB should be “concentrating its efforts on the vulnerabilities that are genuinely cross-sectoral, cross-border, and systemic,” said the panel headed by Randal Quarles.The Financial Stability Board should apply more high-level principles and fewer detailed prescriptions to avoid early policy recommendations that lag in implementation in some jurisdictions, an FSB panel headed by a Trump first-term official said....
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