FINANCIAL STABILITY BOARD

    Capital / Liquidity

    China Issues G-SIB TLAC Rules for Consultation

    By Editors | 30/09/2020

    Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.

    Market Infrastructure

    FSB Confirms Governance Body for OTC Derivatives Identifiers

    By Editors | 27/09/2020

    The Regulatory Oversight Committee of the Global LEI System will be the International Governance Body for the UTI, UPI and CDE as of 1 October.

    Capital / Liquidity

    Too Big to Fail: Markets Abhor a Vacuum

    By Jamie Lloyd Evans | 24/09/2020

    Some characteristics of the TBTF challenge are specific to Asia, but these may be intractable from ‘winner-takes-all’ capitalism and national interests, writes industry veteran Jamie Lloyd Evans.

    Capital / Liquidity

    FSB Defers Haircut Standards for Securities Financing Transactions

    By Editors | 08/09/2020

    The extensions will help to ease operational burdens on banks, broker-dealers and regulators, allowing them to focus on Covid-19 related priorities.

    Capital / Liquidity

    FSB Publishes ‘Key Attributes’ Assessment Methodology for Insurance

    By Editors | 25/08/2020

    The methodology will guide the assessment of how well a jurisdiction’s insurance resolution framework aligns with the FSB’s Key Attributes for effective resolution regimes.

    Securities / Derivatives

    ISDA Calls for Global Alignment in UPI, UTI Implementation

    By Manesh Samtani | 25/08/2020

    ISDA is urging the FSB to “intensify monitoring and coordination of jurisdictional alignment” to the global UTI, UPI and CDE recommendations.

    AML / KYC

    ISO Sets Standard for Embedding LEIs in Digital Certificates

    By Editors | 22/08/2020

    Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.

    Market Infrastructure

    FSB Publishes Information Gathering Template on FMI Access

    By Editors | 16/08/2020

    The template will streamline the process of gathering information about access to clearing, payment, settlement, custody and other FMI services in cases where firms need to be resolved.

    Securities / Derivatives

    Trade Bodies Jointly Commit to Tackling Market Inefficiencies

    By Manesh Samtani | 30/07/2020

    The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.

    ESG / Sustainability

    CDSB Issues New Guidance to Mainstream Climate Reporting

    By Manesh Samtani | 28/07/2020

    The new Climate Guidance will help enhance reporting quality by addressing the lack of decision-useful material climate information for investors.

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