Little action has been taken since previous review in 2016
The regulator says we're entering a "critical phase" in the transition to risk-free rates
The regulator is proposing new governance, capital and liquidity requirements
Covid-19 management joins LIBOR, shadow banking and climate change on the FSB's list for 2021
Allegations will now be published in advance of disciplinary hearings
OSC could see split roles for chair & CEO
Report finds "too big to fail" reforms made banks more resilient, easier to resolve
Regulators approved amendments designed to simplify requirements and ease some restrictions
International policy group developed measures to boost financial sector resilience
Both groups have published reports that seek to address the issue