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Here’s Larry Elliott on today’s FSB report:

Related: We have fixed issues that caused financial crisis, says Mark Carney

The organisation responsible for monitoring the health of global financial system is urging regulators not to cave in to ‘reform fatigue’.

Mark Carney, head of the Financial Stability Board, has put down his spade and hockey stick and turned his attention to the upcoming meeting of G20 leaders later this week.

In particular, giving into reform fatigue could erode the willingness of G20 members to rely on each other’s systems and institutions and, in the process, fragment pools of funding and liquidity.

Carney, head of the Financial Stability Board, reeled off regulators’ accomplishments, including better-capitalized banks, reduced risk of big public bailouts, a thorough reform of the derivatives markets and a decline in the most dangerous activities of so-called shadow banking.

One of the biggest threat to all these achievements, he said on Monday, is “reform fatigue.”

Carney says financial-crisis victory in sight if G-20 stays firm via @borisg_work

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