FINANCIAL STABILITY BOARD

    AML / KYC

    FATF Consults on AML/CTF Frictions in Cross-border Payments

    By Editors | 01/12/2020

    The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.

    Market Infrastructure

    DSB Calls for Asian Members to Join Product Committee

    By Editors | 29/11/2020

    The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.

    Market Infrastructure

    CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

    By Editors | 29/11/2020

    The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.

    ESG / Sustainability

    FSB Warns of Sharp Falls in Asset Prices from Climate Risk

    By ESG Investor | 23/11/2020

    Physical and transition risks could combine to increase destabilisation, the FSB says in a new report, citing “numerous sources of uncertainty”.

    Market Infrastructure

    March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO 

    By Manesh Samtani | 22/11/2020

    In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.

    Market Infrastructure

    LIBOR Transition Work Needs to Accelerate in Early 2021: FSB

    By Manesh Samtani | 21/11/2020

    In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.

    Capital / Liquidity

    Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

    By Editors | 19/11/2020

    Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

    ESG / Sustainability

    FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

    By Manesh Samtani | 17/11/2020

    In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.

    Capital / Liquidity

    FSB Finalises Guidance on Assessing CCP Financial Resources

    By Editors | 16/11/2020

    The guidance will support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for CCP resolution.

    Capital / Liquidity

    Pandemic Was ‘First Major Global Test’ of Post-Crisis Reforms: FSB

    By Editors | 15/11/2020

    The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.

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