The FSB discussed issues related to implementation, home–host, proportionality and sequencing raised by emerging market and developing economies (EMDEs) in a Forum held the previous day. These included issues related to Basel III, OTC derivative reforms, resolution, macroprudential policies in emerging markets, concerns about reduced availability of correspondent banking services, and the continued need to make local capital markets deeper and more resilient as well as sovereign debt restructuring processes. The FSB, the standard-setting bodies and international financial institutions will consider how they can best incorporate the issues raised into their work plans.[...]