Financial Stability Board

Clearing & Post-Trade

CCP Margin Models Lack Transparency, Predictability – Report

By Manesh Samtani | 27/05/2023

New BCBS-CPMI-IOSCO report examines the impact of CCP margin models on market participants in the aftermath of Russia’s invasion of Ukraine last year.

DeFi & Web3

BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

By Manesh Samtani | 18/05/2023

The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.

Operational Risk

US Banks Rethink Social Media Strategy Following Recent Collapses

By Mark Johnston | 18/05/2023

US banks are working on updating their emergency response and risk capabilities, along with business continuity plans, to tackle the social media threat.

Stablecoins

Tether’s Excess Stablecoin Reserves Reach All-time High

By Editors | 15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

PEPs & Sanctions

G7 Leaders Pledge to Maintain Resilience of Global Financial System

By Editors | 15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Trading & Investment

IOSCO Issues Guidance on Good Practices For ETFs

By Editors | 14/05/2023

The good practices cover effective product structuring, disclosure, liquidity provision, and volatility control mechanisms.

Emerging Prudential Risks

FSB Assessing Role of Social Media in Bank Failures

By Sanday Chongo Kabange | 11/05/2023

Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

Trading & Investment

Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

By Editors | 28/04/2023

A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.

Capital Adequacy

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.