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Big Picture
Premature Withdrawal of Support May Threaten Financial Stability: FSB
By Manesh Samtani | 07/04/2021
As public support is phased out, the ability of banks and non-bank financial institutions to bear risks and provide financing will be critical, the FSB says.
Capital / Liquidity
No Material Negative Side Effects to TBTF Reforms: FSB
By Editors | 03/04/2021
Indicators of systemic risk and moral hazard moved in the right direction, suggesting that market participants view these reforms as credible, the FSB says.
Big Picture
DTCC Proposes Plan to Harmonise Global Trade Reporting
By Manesh Samtani | 17/03/2021
DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.
Enforcement
US Fed Threatens Supervisory Action for Slow LIBOR Work
By Manesh Samtani | 11/03/2021
Guidance for examiners suggests supervisory actions for firms that are not ready to stop issuing LIBOR-based contracts by end-December.
Securities / Derivatives
IOSCO to Review Liquidity Risk Management at Investment Funds
By Sanday Chongo Kabange | 08/03/2021
IOSCO is asking asset managers to participate in a survey on their liquidity risk management practices and experiences during the March 2020 market turmoil.
BNM Revises Guidance on Operational Risk Reporting
By Editors | 03/03/2021
The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.
Capital / Liquidity
FSB Urges Indonesia to Further Advance OTC Derivatives Reforms
By Editors | 02/03/2021
Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.
Capital / Liquidity
CBIRC Issues Draft Rules on Recovery and Resolution Plans
By Editors | 02/03/2021
Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.
Capital / Liquidity
FSB Work Plan to Focus on Addressing Covid Vulnerabilities
By Editors | 26/02/2021
The FSB says it will produce an assessment of initial lessons learned from the pandemic and a report on the factors needed for an orderly unwinding of support measures.
Capital / Liquidity
FSC Korea to Enhance Recovery and Resolution Regimes of SIFIs
By Editors | 20/02/2021
SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.
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