FSB: Invites senior representatives from firms and industry associations
- FSB is an international body that monitors and makes recommendations about the global financial system
- Financial Stability Board invites firms that participate in the cross-border payments market and relevant industry associations
- The goal of the LRS task force will be to strengthen private-sector participation in taking forward the G20 Roadmap
- Private-sector nominees for the LRS task force should be senior managers with significant experience
- Nominees should be able to commit sufficient time and organize resources from within their organization to support the work
- The taskforce will meet virtually and at least on a quarterly basis
