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Resolution & Recovery
FSB Offers Guidance on Enhancing G-SIB Crisis Preparedness
By Editors | 01/12/2021
The FSB identifies good practices to help authorities enhance their preparedness for the management and resolution of a crisis affecting a G-SIB.
Capital Adequacy
FSB Publishes 2021 List of Global Systemically Important Banks
By Editors | 23/11/2021
JP Morgan, BNP and Goldman have moved to higher buckets, meaning they will have to hold larger capital buffers from 1 January 2023.
Structural Regulation
FSB Calls for Urgent Action Complete LIBOR Transition Steps
By Manesh Samtani | 23/11/2021
The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.
Emerging Prudential Risks
FSB Plenary Agrees Work Programme for 2022
By Manesh Samtani | 18/11/2021
The programme includes work around the response to Covid-19, NBFI resilience, crypto/stablecoin/DeFi risks, climate risk, and the post-2008 crisis reforms.
Resolution & Recovery
HKMA Finalises Guidance on Implementing OCIR Arrangements
By Sanday Chongo Kabange | 08/11/2021
In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.
Conduct, Culture & Accountability
Bank Compensation Practices More Advanced Than Other FIs: FSB
By Editors | 05/11/2021
The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.
Structural Regulation
DSB Seeks Feedback on Legal Framework for UPI Service
By Editors | 04/11/2021
The Derivatives Service Bureau proposes to use a single overarching legal agreement for users subscribing to OTC ISIN and UPI Services.
Resolution & Recovery
PBOC, CBIRC Establish Final TLAC Rules for Chinese G-SIBs
By Editors | 02/11/2021
China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.
Emerging Prudential Risks
FSB Reports Progress to G20 on Financial System Resilience
By Editors | 02/11/2021
The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.
Emerging Prudential Risks
FSB Annual Report Warns of Continued Financial Stability Risk
By Manesh Samtani | 28/10/2021
Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.
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