FINANCIAL STABILITY BOARD

Fintech / Regtech

BigTechs, Outsourced Services Pose Financial System Risk – FSB

By Manesh Samtani | 14/02/2019

The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.

Market Infrastructure

FSB Details Work Programme for 2019

By Manesh Samtani | 13/02/2019

In addition to identifying emerging risks, the FSB will focus on finalising, operationalising and monitoring the implementation of post-crisis reforms.

Fintech / Regtech

FSB Chair Focused on Assessing Reform Effects, New Risks

By Garima Chitkara | 12/02/2019

The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.

Enforcement

APRA Issues Update on Implementation of Hayne Recommendations

By Editors | 11/02/2019

APRA details the work already underway to implement the Recommendations and confirms it is examining the 12 matters referred by the Royal Commission.

Capital / Liquidity

G-SIB Framework Meeting its Objectives – BCBS

By Editors | 06/02/2019

The analysis supports the view that the G-SIB framework is incentivising G-SIBs to become less systemically important. Non-GIBs are showing an increase in relative importance.

Big Picture

Non-bank Financial Intermediation Grows for Sixth Year – FSB 

By Editors | 06/02/2019

Leveraged finance markets have exceeded pre-crisis highs, attracting attention from regulators, with non-banks increasingly providing a large share of the financing.

Market Infrastructure

ISDA, FIA, IIF Respond to FSB Paper on CCP Resolution

By Garima Chitkara | 04/02/2019

The FSB in November consulted on the financial resources CCPs should have for resolution planning and how CCP capital should be treated in the event of resolution.

Market Infrastructure

Insurance a Critical Part of Cyber Risk Response – MAS

By Manesh Samtani | 01/02/2019

Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.

Capital / Liquidity

PBOC Perpetual Bond Support Seen as Banking System Bailout

By Manesh Samtani | 30/01/2019

China’s recent moves to help banks replenish capital through perpetual bond issuances are seen as a bailout of the banking system. But what happens in another crisis?