“At the November 2010 Summit in Seoul, the G20 Leaders asked the FSB, IMF and the World Bank to deliver a report on financial stability issues that are of particular interest to emerging market and developing economies (EMDEs). This request reflected a recognition that the post-crisis financial regulatory reform debate had focused mainly on addressing the problems that had arisen in the financial systems of advanced economies (AEs). It also reflected the importance of preserving financial stability in EMDEs, which are increasingly becoming an engine of growth for the global economy and helped contribute to global financial stability during the recent crisis. The focus of the paper is on five key financial stability issues in EMDEs, which have been selected on the basis of their degree of materiality for a reasonably broad range of EMDEs; their implications for regulatory, supervisory or other financial sector policies; and the extent to which these issues are not already being addressed by other international workstreams.”
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