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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.
Big Picture
All Firms Are Taking Steps to Align Compensation With Risk: FSB
By Manesh Samtani | 12/05/2020
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
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FSB Issues Draft Guidance on Assessing CCP Financial Resources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.
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