Following the publication of their April 2011 report on shadow banking, the Financial Stability Board has mapped out five additional workstreams:
The five areas are:
(i) the regulation of banks’ interactions with shadow banking entities (indirect regulation), in particular, examining: consolidation rules for prudential purposes; limits on the size and nature of a bank’s exposures to shadow banking entities; risk-based capital requirements for banks’ exposures to shadow banking entities; and treatment of implicit support;
(ii) the regulatory reform of money market funds (MMFs);
(iii) the regulation of other shadow banking entities;
(iv) the regulation of securitisation, in particular with regard to retention requirements and transparency; and
(v) the regulation of activities related to securities lending/repos, including possible measures on margins and haircuts.
More at http://www.financialstabilityboard.org/press/pr_110901.pdf.