FINANCIAL STABILITY BOARD

Market Infrastructure

Hong Kong Introduces Legislation to Enhance Regulatory Framework for Insurers

By Editors | 23/03/2020

The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.

Capital / Liquidity

BCBS, FSB Support Use of Capital, Liquidity Buffers to Maintain Stability

By Editors | 22/03/2020

Using capital resources to support the real economy and absorb losses should take priority over discretionary distributions. HQLA stocks should be used to meet liquidity demands.

Market Infrastructure

BOJ Begins Publishing Securities Financing Transaction Data

By Editors | 02/03/2020

The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.

Market Infrastructure

ISDA Launches New Consultation on Pre-cessation Fallbacks

By Editors | 25/02/2020

ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.

ESG / Sustainability

APRA to Develop Climate Risk Guidance, Assess ADI Vulnerability

By Editors | 25/02/2020

APRA will develop guidance on climate change financial risk, conduct a vulnerability assessment of ADIs, and include ESG in superannuation investment governance guidance.

Market Infrastructure

FSB Chair Sets Out Focus for Saudi G20 Presidency

By Editors | 21/02/2020

The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.

Market Infrastructure

ISDA Welcomes Libor Pre-cessation Clarity from FCA, IBA

By Editors | 29/01/2020

The FCA has clarified that any period of non-representative LIBOR based on reduced panel bank submissions could last for only a period of months, not years.

Market Infrastructure

HKMA Consults on Contractual Stay Provisions in Financial Contracts

By Editors | 23/01/2020

FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

Fintech / Regtech

BIS, Six Central Banks to Jointly Explore CBDC Use Cases

By Editors | 22/01/2020

The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and share knowledge on emerging technologies.