FINANCIAL STABILITY BOARD

Market Infrastructure

FSB Issues Draft Guidance on Assessing CCP Financial Resources

By Editors | 04/05/2020

Five steps are proposed for public authorities to assess the adequacy of a CCP’s financial resources to support its orderly resolution and minimise financial stability risks.

AML / KYC

G20 TechSprint Invites Firms to Develop Regtech, Suptech Solutions

By Editors | 29/04/2020

Private firms are invited to develop solutions to improve regulatory reporting, crypto asset AML monitoring, and supervisory information sharing.

Market Infrastructure

FSB Consults on Cyber Incident Response and Recovery Toolkit

By Editors | 20/04/2020

The toolkit lists 46 effective practices, structured across seven components: governance, preparation, analysis, mitigation, restoration, improvement, and coordination and communication.

Market Infrastructure

FSB Reports to G20 on Covid-19 Financial Stability Implications

By Editors | 17/04/2020

The FSB says internationally coordinated action to support a well-functioning, resilient financial system and open markets remain a priority.

Market Infrastructure

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

By Editors | 16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.

G20 Agrees to Suspend Debt Payments for Low Income Nations

By Editors | 15/04/2020

The G20 is also calling on private creditors, working through the Institute of International Finance, to participate in the initiative “on comparable terms”.

Market Infrastructure

FSB Updates G20 on Coordinated Response to Covid-19

By Editors | 14/04/2020

Since mid-March, FSB members have reported about 850 discrete actions to address the financial and economic fallout related to Covid-19.

Big Picture

FSB Offers Recommendations on Regulating Global Stablecoins

By Editors | 14/04/2020

The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

AML / KYC

FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

By Editors | 09/04/2020

New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.