The Financial Stability Board (FSB), a committee of financial supervisors, issued a report on ETFs.
He praised the Financial Stability Board (FSB) for its inclusive process.
Earlier this month the Financial Stability Board said that international regulators still lack the power to impose losses on creditors and resolve banks without taxpayer bailouts.
The G20 asked the Financial Stability Board to oversee the process, and with a push from the top, the industry responded with real cooperation, he added.
This is why enhanced supervision and regulation of shadow banking will be one of the top priorities for the Financial Stability Board in the coming months.
FORBES: Bank Of Canada's Carney Warns About Loss Of Global Liquidity
The Financial Stability Board (FSB) prepared the report based on evidence compiled by the International Monetary Fund, the World Bank and the International Organization of Security Commissions.
The Financial Stability Board, a global watchdog, wants the big regulators of cross-border banks to work together in the event that banks need resolving, and many banks hope for such agreements.
The other big institutional change is the ascension of the Financial Stability Board (FSB), a club of central bankers and financial regulators, which has also been broadened to include the big developing countries.
In addition to his role as Bank of Canada governor, Carney is also the incoming chairman of the Financial Stability Board, where he takes over from new European Central Bank President Mario Draghi.
FORBES: Bank Of Canada's Carney Warns About Loss Of Global Liquidity
The Financial Stability Board, which co-ordinates the G20's financial policies, has asked standard-setters and regulators to find ways of yanking ratings out of rules on bank capital, fund holdings, margin agreements and so on.
The American plan to develop a centralized Legal Entity Identifier and run it through the DTCC in New York ran into heated opposition at a meeting of the Financial Stability Board (FSB) in Basel in mid-October.
FORBES: America's Attempted Domination Of LEI Slams into FSB Wall
What's more, he brings with him the ability to seriously influence the future all-important global debate on making the banks safe, because he is the chair of the Financial Stability Board - the senior worldwide financial regulatory body.
The Financial Stability Board released its list of 29 global systemically important financial institutions (SIFI) on Friday, confirming which banks will be required to maintain capital buffers over and above those of smaller competitors under Basel III requirements.
FORBES: JPMorgan, BofA, Goldman Sachs Among Eight U.S. Banks On Global Too Big To Fail List
Under the auspices of the Financial Stability Board, more than 30 recommendations have been set out as part of a massive and far-reaching G-20 financial regulatory reform package to ostensibly minimize risk in the financial system and maximize consumer protection.
FORBES: Will Financial Regulation Trash Global Economic Security?
Mr Sants said it was "no secret" that the FSA and the Bank of England had been arguing on the international Basel Committee and the Financial Stability Board for a bigger increase in the capital held by G-SIFIs or the mega-banks than was desired by regulators from other countries, such as France and Germany.
The response of the Basel Committee, the Financial Stability Board, the European Commission and the G20 has been to devise ever more complicated and more detailed rules to limit the risks to banks and the wider economy of the byzantine complexity of the way banks manage themselves and the astonishing counter-intuitive complexity of products created by financial innovation.
The international Financial Stability Board found that the collateral pledged to one emerging-markets fund largely comprised Japanese shares and American bonds.
Carney, who will remain chair of the multinational Financial Stability Board, has called for tighter regulation of financial institutions in the past, arguing that better oversight will make the global system more resilient to extreme liquidity cycles like that seen in 2008.
FORBES: Bank Of England Looks Outside After Libor Scandal, Taps Canada's Carney
Global regulators like the Basel-based Financial Stability Board claim the repo market is opaque and a menace to financial stability.
As well as being the head of the Bank of Canada, he serves as chairman of the Basel-based Financial Stability Board (FSB) and as a member of the board of directors of the Bank for International Settlements (BIS).
While the government has managed to achieve relative financial stability through the introduction of the currency board and the economy itself grew at a robust 5.8 percent in 2000, daily life remains difficult for many average Bulgarians.
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