A/RES/74/202 International financial system and development monetary and financial systems and strengthened and enhanced global economic governance, and that processes to develop and facilitate the availability of app ropriate knowledge and technologies globally, as well as capacity-building, are also critical, and commits to pursuing policy coherence and an enabling environment for sustainable development at all levels and by all actors, and to reinvigorating the Global Partnership for Sustainable Development; 25. Recommits itself to a redoubling of its efforts to substantially reduce illicit financial flows by 2030, with a view to eventually eliminating them, including by combating tax evasion and corruption through strengthened national regulation and increased international cooperation; 26. Recognizes the role of special drawing rights as an international reserve asset, acknowledges that special drawing rights allocations helped to supplement international reserves in response to the world financial and economic crisis, thus contributing to the stability of the international financial system and global economic resilience, and supports the continued examination of the broader use of special drawing rights as a way to enhance the resilience of the international monetary system, including with reference to their potential role in the international reserve system; 27. Notes the rapid development of cryptoassets and the potential systemic implications of these private assets on the functioning of the international monetary system, the ability of regulators to protect consumers and promote financial stability and the ability of central banks to effectively use monetary policy to pursue domestic economic objectives, encourages promoters of such assets to work with regulators on financial regulations in markets where their assets are used, and urges regulators to carefully consider the potential implications for the international and domestic financial system when formulating the appropriate regulatory treatment for cryptoassets in their jurisdictions; 28. Looks forward to the results of the ongoing work by the Financial Stability Board and the Financial Action Task Force on global stablecoins, underlining the need to appropriately address the risks associated with them and other similar arrangements with potential systemic footprints before these projects can commence operation; 29. Notes the work by the Financial Stability Board on financial market reform, commits itself to sustaining or strengthening frameworks for macroprudential regulation and countercyclical buffers, reaffirms the commitment to hastening the completion of the reform agenda on financial market regulation, including assessing and if necessary reducing the systemic risks associated with non-bank financial intermediation, markets for derivatives, securities lending and repurchase agreements, and also reaffirms the commitment to addressing the risk created by “too-big-to-fail” financial institutions and to addressing cross-border elements in the effective resolution of troubled, systemically important financial institutions; 30. Also notes that there are growing risks outside the regulatory framework, including through non-bank financial institutions and financial technology, and calls upon financial regulators to increasingly shift towards examining the underlying risks associated with financial activity rather than the type of financial institution; 31. Calls upon financial regulators to encourage financial institutions to explore new opportunities to improve their ability to better manage risks, including through anti-money-laundering and countering the financing of terrorism measures, as well as through the greater use of technology to help to address the costs and risks of operating correspondent banking relationships; 8/10 19-22415