High-Level Conference on Financial Crisis and Information Gaps
Conference co-hosted by the International Monetary Fund and the Financial Stability Board
Basel, Switzerland, April 8-9, 2010
The International Monetary Fund (IMF) Statistics Department (STA) and the Financial Stability Board (FSB) Secretariat jointly organized a conference on April 8 and 9, 2010, on the Financial Crisis and Information Gaps. Senior officials from G-20 economies, other FSB members, and representatives from international institutions took part. The conference was hosted by the Bank for International Settlements (BIS) in Basel, Switzerland.
The conference was organized as part of the consultation process to develop a concrete plan of action to implement the 20 recommendations in the report "The Financial Crisis and Information Gaps", that were endorsed at the meeting of the G-20 Finance Ministers and Central Bank Governors in St. Andrews, Scotland on November 7, 2009. The main purpose of the conference was to obtain participants' views on the modalities of implementing actions to address the gaps identified in the G-20 recommendations, and the required timeline. The conclusions reached will inform the preparation of the follow up report requested by the G-20 finance ministers and central bank governors for their upcoming meeting in June 2010. Participants discussed the pertinent issues in developing the plans, and through break-out groups discussed challenges and constraints in implementation. Alfredo Leone (Deputy Director, IMF/STA) and Nigel Jenkinson (Adviser, FSB Secretariat) co-chaired the conference. The summary proceedings and related material are as follows:
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