FINANCIAL STABILITY BOARD

    Market Infrastructure

    FSB Proposes to Standardise Global Cyber Incident Reporting

    By Editors | 18/10/2022

    The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.

    Crypto / Digital Assets

    Tether Eliminates Commercial Paper from Stablecoin Reserves

    By Manesh Samtani | 15/10/2022

    “Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.

    ESG / Sustainability

    FSB Finalises Guidance on Climate-related Financial Risks

    By Editors | 13/10/2022

    The guidance covers the collection of data from FIs, supervisory tools such as scenario analysis, and the development of macroprudential tools.

    ESG / Sustainability

    Firms Falling Short of Full Climate Disclosure

    By ESG Investor | 13/10/2022

    TCFD marks five years of progress, but warns too few are delivering decision-useful climate-related financial information.

    Market Infrastructure

    FSB Updates G20 on Work to Strengthen Financial System Resilience

    By Editors | 12/10/2022

    FSB chair Klaas Knot says the outlook for global financial stability remains challenging, citing tighter financial conditions and higher inflation.

    Market Infrastructure

    EMIR Refit Technical Standards Published in Official Journal

    By Editors | 12/10/2022

    Under the standards, reporting of the CDE, LEIs, ISINs, UTIs and UPIs to trade repositories are mandated, in XML format using ISO 20022.

    Market Infrastructure

    FSB Unveils Proposed Global Regulatory Framework for Crypto

    By Editors | 12/10/2022

    The framework covers all crypto-asset activity, as well as associated issuers and service providers, that have the potential to pose financial stability risks.

    Market Infrastructure

    FSB Unveils Plans for Next Phase of Cross-Border Payments Work

    By Editors | 11/10/2022

    The prioritisation plan emphasises a need to strengthen external engagement and partnerships to take forward the roadmap for enhancing cross-border payments.

    Capital / Liquidity

    BCBS Calls for Greater Use of CCyB by National Authorities

    By Editors | 06/10/2022

    Authorities should adopt a positive CCyB rate in normal times. A report evaluating the impact and effectiveness of implemented Basel reforms has also been released.

    Crypto / Digital Assets

    IMF Calls for Global Coordination on Stablecoin Regulation

    By Sanday Chongo Kabange | 01/10/2022

    In markets where risks are growing quickly, authorities should take immediate action, including by introducing targeted measures to “slow down stablecoin adoption”.

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