FINANCIAL STABILITY BOARD

ESG / Sustainability

Inconsistent Data Hindering Quantification of Climate Risks: FSB

By Manesh Samtani | 22/07/2020

Multiple layers of uncertainty on the course of climate change give rise to a lack of consistent data and methodologies for translating potential outcomes into financial exposure estimates.

Market Infrastructure

G20 Officials Pledge Further Support to Global Economy

By Editors | 19/07/2020

The G20 officials have pledged to continue using all available policy tools to help support the global economy and enhance the resilience of the financial system.

Big Picture

Financial System Still Vulnerable in Recovery: FSB Chair

By Manesh Samtani | 15/07/2020

Funding markets remain at risk of liquidity stress, volatility in markets may return, and assets are at risk of a “sudden and sharp” repricing.

Big Picture

CPMI Publishes Stage 2 Report on Enhancing Cross-Border Payments

By Editors | 14/07/2020

The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.

Market Infrastructure

FSB, BCBS Suggest Supervisory Action for Slow LIBOR Work

By Manesh Samtani | 09/07/2020

The available supervisory tools to accelerate transition at banks could include ad-hoc regulatory capital add-ons, administrative sanctions or other legal actions.

Market Infrastructure

FSB Issues Statement on Global Benchmark Transition

By Editors | 01/07/2020

The FSB maintains its view that financial and non-financial sector firms across all jurisdictions should continue efforts to remove remaining LIBOR dependencies by end-2021.

Big Picture

FSB Evaluates Efficacy of Too-big-to-fail Reforms

By Editors | 29/06/2020

The evaluation found that the TBTF reforms have made indeed banks more resilient and resolvable, but barriers to bank resolvability still need to be addressed.

Fintech / Regtech

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

By Editors | 25/06/2020

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

ESG / Sustainability

MAS Consults on Environmental Risk Management Guidelines for FIs

By Manesh Samtani | 25/06/2020

The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.