FINANCIAL STABILITY BOARD

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    Capital / Liquidity

    South Korea to Participate in Global Bank Stress Test

    By Editors | 27/04/2023

    South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

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    ESG / Sustainability

    FSB Identifies Growing Use of Climate Metrics in Compensation

    By Editors | 24/04/2023

    The inclusion of climate-related metrics in compensation frameworks is at an “early, evolutionary stage” and is focused on executive and senior management.

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    Ravi Menon Reported to be Leaving MAS This Year

    By Editors | 20/04/2023

    Ravi Menon is MAS’ longest-serving managing director. Former deputy managing director Chia Der Jiun is tipped to be Menon’s successor.

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    Capital / Liquidity

    BCBS, FSB Consider Changes to Global Banking Rules

    By Editors | 19/04/2023

    Fitch Ratings says global standard-setters may adjust the existing prudential and resolution frameworks, potentially making IRRBB a Pillar 1 requirement.

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    Market Infrastructure

    DSB Launches UPI User Acceptance Test Environment

    By Manesh Samtani | 17/04/2023

    The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.

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    Market Infrastructure

    FSB Proposes Standard Global Approach to Cyber Incident Reporting

    By Manesh Samtani | 14/04/2023

    The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.

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    Capital / Liquidity

    Recent Banking Sector Turmoil to Inform FSB’s Policy Work

    By Editors | 12/04/2023

    FSB working with BCBS to analyse and learn from recent banking sector turmoil. Cyber incident reporting recommendations also finalised.

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    Crypto / Digital Assets

    IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023

    By Manesh Samtani | 06/04/2023

    Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.

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    Capital / Liquidity

    FSB to Develop and Run Global Bank Stress Test

    By Manesh Samtani | 31/03/2023

    The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

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    Capital / Liquidity

    FSB Addresses Financial Stability Implications of Recent Bank Failures

    By Editors | 29/03/2023

    The FSB said its members have agreed to “review the lessons to be learned from the recent actions by authorities to resolve financial institutions”.

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