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Conduct, Culture & Accountability
Bank Culture Regarded as Critical Governance Priority: Report
By Manesh Samtani | 16/05/2022
Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.
Cryptocurrency
ISDA AGM Highlights Global Scrutiny of Crypto Sector
By Manesh Samtani | 14/05/2022
Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.
Cryptocurrency
Countries Should Ensure Capital Controls Cover Crypto: IMF
By Editors | 12/05/2022
A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.
Stablecoins
TerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen
By Manesh Samtani | 12/05/2022
The world’s fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
Credit Risk
Out-of-Court SME Restructuring Protects Financial Stability: FSB
By Manesh Samtani | 10/05/2022
Jurisdictions should assess their out-of-court corporate debt workout frameworks and reduce barriers to access for SMEs experiencing corporate stress.
Climate Risk
FSB Issues Guidance for Regulators on Climate-related Risks
By Editors | 29/04/2022
The report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches across sectors and jurisdictions.
Emerging Prudential Risks
FSB Proposes Policy Measures to Address EM Vulnerabilities
By Editors | 26/04/2022
The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.
Emerging Prudential Risks
FSB Warns of Emerging Vulnerabilities, Financial Stability Risks
By Manesh Samtani | 21/04/2022
Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.
Trading & Investment
FSB Applauds ‘Smooth Transition’ Away from LIBOR
By Editors | 05/04/2022
The FSB highlights a need to continue building liquidity in RFR-based products, use SOFR across global markets, and plan for the remaining USD LIBOR settings to cease.
Emerging Prudential Risks
FSB Publishes Work Programme for 2022
By Editors | 31/03/2022
Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.
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