FSB – Finadium

CCPs, Financial Stability Board, FSB

Financial resources to support CCP resolution and the treatment of CCP equity in resolution Available as: PDF 15 November 2018 This discussion paper seeks comment on financial resources to support…

FSB publishes progress report on reforming major interest rate benchmarks

November 14, 2018

alternative reference rates, FSB, LIBOR

The Financial Stability Board (FSB) today published its latest progress report on implementation of its recommendations to reform major interest rate benchmarks. The report sets out the progress made on…

FSB publishes dictionary to standardize cyber terms

November 14, 2018

Cyber Lexicon, cybersecurity, FSB

The Financial Stability Board (FSB) published a Cyber Lexicon, following public consultation earlier this year. The lexicon comprises a set of approximately 50 core terms related to cybersecurity and cyber…

Financial authorities put fintech, regtech, suptech on global agenda ahead of G20

November 5, 2018

Bali Fintech Agenda, Bank for International Settlements, cybersecurity, FSB, FSI, G20

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Asia met in Sydney, Australia at a meeting hosted by the Reserve Bank of Australia to discuss cybersecurity and the…

FSB finds crypto assets not a material risk to global financial stability, for now

October 10, 2018

crypto assets, financial stability, FSB

The Financial Stability Board (FSB) published a report on crypto asset markets. It sets out the analysis behind the FSB’s proactive assessment of the potential implications of crypto-assets for financial…

FSB and IMF publish the 2018 progress report on G20 Data Gaps Initiative

September 26, 2018

Data Gaps Initiative, FSB, G20, IMF

The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published the third progress report on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2).…

FSB’s latest report card on G20 data gaps identifies IT challenges, big data progress

September 25, 2018

Big Data, Central Banks, Data Gaps Initiative, FSB, G20, IMF

In 2009, the G20 Finance Ministers and Central Bank Governors endorsed a set of recommendations to support enhanced policy analysis of emerging risks and close the data gaps identified following…

FSB publishes industry cyber lexicon consultation responses

September 5, 2018

cybersecurity, FSB

In July, the Financial Stability Board (FSB) published a draft Cyber Lexicon for public consultation. The draft lexicon comprised a set of 50 core terms related to cybersecurity and cyber…

CPMI: Call for comments on governance of OTC derivatives data

August 17, 2018

CPMI, FSB, OTC

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report on governance arrangements for over-the-counter…

FSB, CPMI, IOSCO and BCBS study highlights continued central clearing interdependencies

August 9, 2018

CPMI, FSB, workplan implementation

Study highlights continued central clearing interdependencies The Financial Stability Board (FSB), the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO) and the Basel Committee…

FSB and standard-setting bodies consult on effects of reforms on incentives to centrally clear over-the-counter derivatives

August 7, 2018

central clearing, FSB, OTC derivatives

7 August 2018 The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions…

FSB puts out call for budding UPI service providers

July 17, 2018

FSB, G20, OTC derivatives, UPI

The Financial Stability Board (FSB) has published a questionnaire for prospective UPI Service Providers and is seeking responses from entities that wish to be designated by the FSB as a…

FSB delivers plan to G20 for monitoring crypto asset markets

July 17, 2018

BCBS IOSCO, CPMI, crypto assets, FSB, G20

The Financial Stability Board (FSB) published a report delivered to the G20 Finance Ministers and Central Bank Governors on the work of the FSB and standard-setting bodies on crypto assets.…

ISDA Publishes Consultation on Technical Issues Related to Benchmark Fallbacks

July 12, 2018

Benchmarks, FSB, LIBOR

NEW YORK, July 12, 2018 – The International Swaps and Derivatives Association, Inc. (ISDA) has launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts…

FSB says that if IBORs don’t work, get ready to transition to new reference rates

July 12, 2018

FSB, LIBOR

The Financial Stability Board (FSB) has today published a statement on reforms to interbank offered rates (IBORs) and the development of overnight risk-free, or nearly risk-free, rates (RFRs) and term…

FSB consults on cyber lexicon ahead of G20

July 2, 2018

cybersecurity, FSB

The Financial Stability Board (FSB) published a draft Cyber Lexicon for public consultation. The draft lexicon comprises a set of 50 core terms related to cybersecurity and cyber resilience in the financial…

FSB digs into crypto-assets, cyber resilience and data ahead of G20 summit

June 26, 2018

Basel Committee on Banking Supervision, CPMI-IOSCO, crypto assets, cybersecurity, data collection, FSB

As part of its regular risk assessment, the Financial Stability Board (FSB) plenary discussed market developments and vulnerabilities in the global financial system, and progress against its 2018 workplan for…

FSB says “surprises” could spur tightening of financial conditions

June 26, 2018

FSB, G20, systemic risk

In an FSB plenary discussion on risks and vulnerabilities to the global financial system, a major concern identified a broad-based snap-back in long-term interest rates as a risk. After a…

FSB publishes bail-in and funding guidance for ending “too-big-to-fail”

June 21, 2018

FSB, GSIBs, resolution plan, TBTF

The Financial Stability Board (FSB) today published two guidance documents to assist authorities in implementing a resolution regime for global systemically important banks (G-SIBs) in support of policy frameworks to…

FSB consults on TLAC standard technicals

June 6, 2018

FSB, TLAC

The Financial Stability Board (FSB) published a call for public feedback on the technical implementation of the FSB’s Total Loss-Absorbing Capacity (TLAC) Standard. In November 2015 the FSB issued a new standard on…

FSB seeks peer review on TBTF resolution, focus on DSIBs and other banks

June 4, 2018

FSB, resolution plans, TBTF

The FSB is seeking feedback from stakeholders as part of its peer review on bank resolution planning, which forms a key component of the FSB’s policy framework to address the…

How many data fields are really needed by regulators to supervise Securities Financing Transactions?

March 8, 2018

Big Data, ESMA, Financial Stability Board, Repo, Securities Lending

Finadium, FSB, reporting, securities financing transactions, SFTR, topstory

It’s widely accepted that the 152 fields designated by the EU’s Securities Financing Transactions Regulation (SFTR) is overkill. In fact, many of these fields don’t currently exist in participant computer…

FSB releases SFT reporting guidelines

March 7, 2018

BIS, FSB, regulatory reporting, SFT

The FSB is providing detailed guidelines for authorities in reporting securities financing data according to the November 2015 Securities Financing Data Standards, including the main aspects of the FSB’s securities…

International authorities tackle decline in correspondent banks due to red tape

March 6, 2018

BCBS, correspondent banking, CPMI, FATF, FSB, KYC

The Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI), the Financial Action Task Force (FATF) and the Financial Stability Board (FSB) are calling for…

FSB finds global shadow banking up 8% to $45.2 trillion in 2017 report

March 5, 2018

The Financial Stability Board (FSB) published the Global Shadow Banking Monitoring Report 2017, which presents the results of the FSB’s seventh annual monitoring exercise to assess global trends and risks…

FSB provides details on unique transaction identifier governance

January 2, 2018

FSB, UTI

The Financial Stability Board (FSB) has published Governance arrangements for the unique transaction identifier (UTI): Conclusions and implementation plan. The UTI is a key global harmonized identifier for reporting over-the-counter (OTC) derivative…

Surveys launched on incentives to centrally clear OTC derivatives trades

December 15, 2017

BCBS, CCPs, CPMI, FSB, IOSCO

FSB consults on TBTF bail-in policies for G-SIBs

November 30, 2017

bail-in, FSB, G-SIBs, recovery and resolution

The Financial Stability Board (FSB) issued for consultation two proposals for guidance on the implementation of particular aspects of its Key Attributes of Effective Resolution Regimes for global systemically important banks (G-SIBs),…

FSB publishes 2017 G-SIB list

November 21, 2017

BCBS, FSB, G-SIBs

The Financial Stability Board (FSB) published the 2017 list of global systemically important banks (G-SIBs) using end-2016 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). The…

IOSCO finds hedge funds most advanced in G20/FSB securities market recommendations

November 8, 2017

FSB, G20, hedge funds, IOSCO, securities markets

The Board of the International Organization of Securities Commissions (IOSCO) today published a report on the implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets. It was prepared…

FSB considers financial stability implications of artificial intelligence

November 2, 2017

News and Notes, News and Notes – Fintech

artificial intelligence, FSB

The Financial Stability Board published a report that considers the financial stability implications of the growing use of artificial intelligence (AI) and machine learning in financial services. Financial institutions are…

European Commission updates the European Parliament on EU securities finance rules

October 22, 2017

European Commission, European Parliament, FSB, SFTR

Overall conclusions: To a large extent, the FSB recommendations on SFTs have been addressed in the EU through the adoption of SFTR and specific provisions in sectoral financial services legislation…

FSB provides an update on IBOR reforms

October 10, 2017

alternatives to LIBOR, FSB

The Financial Stability Board (FSB) published a progress report on implementation of the FSB’s 2014 recommendations to reform major interest rate benchmarks such as key interbank offered rates (IBORs). The…

FSB and IMF report on progress with G20 data gaps initiative

September 21, 2017

FSB, G20, IMF

The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published the second progress report on the implementation of phase two of the G20 Data Gaps Initiative (DGI-2). The report updates…

ISLA releases securities lending market report

August 30, 2017

Basel III, European Commission, FSB, ISLA, SFTR

In this latest report, ISLA builds upon previously observed themes, particularly around the role of government bond lending and how collateral is flowing around the system. From the report: Through the closer monitoring of…

International committees push CCPs on resilience, recovery, and resolvability

July 5, 2017

News and Notes, Uncategorized

BCBS IOSCO, CCP, CPMI, FSB

The Financial Stability Board (FSB), the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissioners (IOSCO) and the Basel Committee on Banking Supervision (BCBS) today published…

FSB warns G20 on risks to financial system integrity

July 5, 2017

News and Notes, Uncategorized

correspondent banking, FSB

The Financial Stability Board (FSB) today published a report to G20 Leaders on progress under its action plan to assess and address the decline in correspondent banking. In addition, the FSB released…

FSB reports on G20 financial regulatory reforms

July 4, 2017

FSB, G20, global regulation

The third annual report for G20 Leaders provides a comprehensive assessment on the implementation and effects of the agreed financial regulatory reforms. The report concludes that implementation progress continues but…

FSB to G20: progress made but vigilance required

July 4, 2017

FSB, G20, global regulation

The Financial Stability Board (FSB) published today, ahead of the G20 Summit in Hamburg on 7-8 July, a letter from its Chair Mark Carney to G20 Leaders. The FSB is also publishing…

FSB report highlights ops, cyber and macrofinancial risks of FinTech

June 27, 2017

Financial Stability Board, fintech, FSB

Financial Stability Board Financial Stability Implications from FinTech The FSB has been analysing the potential financial stability implications from FinTech with a view to identifying supervisory and regulatory issues that…

FSB releases consultation on the use of compensation tools to address misconduct

June 21, 2017

Conduct, Financial Stability Board, FSB, misconduct

The Financial Stability Board (FSB) today published for public consultation draft Supplementary Guidance to the FSB Principles and Standards on Sound Compensation Practices regarding the use of compensation tools to address misconduct.…

Thursday Roundup – comedy and good news edition (Premium)

May 25, 2017

Financial Stability Board, Fintech, Market infrastructure, Repo, Securities Lending, Technology, US

DTCC, FICC, fintech, FSB, Pirum, Repo, topstory

From regulatory overreach to forward industry momentum, we found some quality news to dissect in the last week. Here’s our take on the latest from the Financial Stability Board, Reuters,…

FSB report: Rapid growth in FinTech credit carries opportunities and risks

May 23, 2017

credit, Financial Stability Board, fintech, FSB

FinTech platforms account for an increasing share of credit provision and policymakers have to consider the opportunities and risks such activity brings, a new report by the Committee on the…

FSB says Shadow Banking was a $34 trillion industry in 2015

May 10, 2017

Financial Stability Board, FSB, Shadow Banking

The Financial Stability Board (FSB) today published the Global Shadow Banking Monitoring Report 2016. The report presents the results of the FSB’s sixth annual monitoring exercise to assess global trends and…

Has the Financial Stability Board lost its bite in derivatives and securities finance? (Premium)

March 2, 2017

Basel III, Derivatives, Financial Stability Board, Repo, Securities Lending

derivatives, Financial Stability Board, FSB, securities finance, topstory

With the latest Financial Stability Board (FSB) announcement, we are left wondering if the recommendations from this once influential institution will be a lot less impactful than they used to…

FSB consults on guidance for CCP resolution and resolution planning

February 2, 2017

CCPs, FSB

The Financial Stability Board (FSB) today published for consultation draft Guidance on Central Counterparty Resolution and Resolution Planning. With central counterparties (CCPs) an increasingly important part of the financial system, particularly…

FSB publishes reports on the re-hypothecation of client assets and collateral re-use

January 25, 2017

FSB, non-cash, Rehypothecation

25 January 2017 The Financial Stability Board (FSB) today published two reports: Re-hypothecation and Collateral Re-use: Potential Financial Stability Issues, Market Evolution and Regulatory Approaches – This report describes potential financial…

Australian regulators propose new securities lending, repo and margin data collection

January 19, 2017

Australia, data collection, FSB, Margin, Repo, Securities Lending

Economic and financial statistics, January 2017 Discussion Paper Proposed changes Repurchase agreements and securities lending Consistent with feedback received in informal consultation, the agencies are proposing two alternative versions of…

Monday Regulatory Roundup: asset managers and indemnification; limiting regulatory rule making; level playing fields in Europe (Premium)

January 16, 2017

Basel III, Dodd-Frank, Europe, SEC, US

CFTC, ESMA, FSB, sec, topstory, UCITS