Evaluating the impact of international financial reforms

Under the German presidency of the G20, the Financial Stability Board (FSB) developed a framework for post implementation evaluation of the effects of the international financial regulations to take stock of the intensive cycle of reforms adopted after the 2007 global financial crisis. This methodology, which combines objectives, tools, and processes for evaluating reforms, was endorsed at the Hamburg G20 summit in July 2017. The topics chosen for the first wave of evaluations were selected according to the materiality of the reforms and of the topics concerned on the one hand, and the feasibility of the evaluations on the other. The Plenary meeting of the FSB in October 2017 thus decided to launch a first evaluation by end-2017, the conclusions of which will be delivered in two stages: at the Argentinian summit of 2018, then at the Japanese summit at end-2019. This evaluation will focus on SMEs’ access to financing and financial intermediation around the world, and in particular the financing of infrastructures by end-2018 (this is one of the priorities of the Argentinian presidency of the G20).