At the St Petersburg G20 Summit, and subsequent meetings, the G20 has called on national authorities to accelerate progress in reducing mechanistic reliance on credit rating agency (CRA) ratings in accordance with the FSB roadmap agreed in October 2012. As set out in the roadmap, FSB member jurisdictions are to identify and prioritise areas for changes and publicly disclose their action plans.
* The European Commission and European Central Bank submitted action plans for the Eurosystem; national authorities within the Eurosystem complemented these submissions with planned actions to be taken at the national level.