Financial Stability Board

Emerging Prudential Risks

Financial Stability Risks from BigTech May Be Increasing: FSB

By Editors | 21/03/2022

The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.

Resolution & Recovery

Standard-setters Assess Adequacy of CCP Resolution Tools

By Editors | 10/03/2022

New report analyses default and non-default loss scenarios potentially extreme enough to require the use of CCP recovery and resolution tools.

Climate Risk

IMF to Launch New Data Gaps Initiative Later This Year

By Mark Johnston | 01/03/2022

A draft work plan for the new Data Gaps Initiative, which seeks to improve the availability of data for policymaking, focuses on four topics including climate change.

Credit Risk

FSB Seeks Market Views on Resolving Debt Overhang Issues

By Editors | 23/02/2022

Debt overhang of corporates could create a drag on economic recovery of jurisdictions and pose risks to financial stability, the FSB says.

Cryptocurrency

FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets

By Manesh Samtani | 17/02/2022

The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.

Cryptocurrency

Crypto-related Financial Stability Risks are Increasing: FSB

By Manesh Samtani | 16/02/2022

Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

Cryptocurrency

FSB Working on Global Regulatory Framework for Crypto

By Manesh Samtani | 11/02/2022

The FSB is reportedly “going full steam” on the issue of developing global regulatory standards for the crypto asset market.

Resolution & Recovery

HKMA Issues Draft Guidance on Liquidity and Funding in Resolution

By Manesh Samtani | 16/01/2022

The HKMA expects banks to be able to model liquidity and funding needs in a resolution scenario over various time horizons.

Stablecoins

HKMA to Introduce Regulatory Framework for Stablecoins

By Mark Johnston | 13/01/2022

Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.