Financial Stability Board

Resolution & Recovery

FSB Prioritises CCP Resilience, Resolvability in Policy Work

By Editors | 15/11/2019

The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.

Emerging Prudential Risks

New Supervisory Framework for Internationally Active Insurers

By Editors | 15/11/2019

The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.

Conduct, Culture & Accountability

RBI Issues Stricter Rules on Bank Executive Compensation

By Editors | 06/11/2019

Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.

KYC & CDD

LEI Use in Onboarding Could Save Banks Up to $4bn Annually

By Editors | 30/10/2019

In addition to cost savings, LEI use in client onboarding would speed up time to revenue, improve compliance and credit risk mitigation, and enable better tracking of suspicious entities.

Structural Regulation

A Liquid Global Swaps Market Relies on Deference: CFTC’s Quintenz

By Manesh Samtani | 29/10/2019

Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.

Stablecoins

G20 Finance Leaders Agree to Regulate Stablecoins

By Editors | 21/10/2019

Amid warnings from the FSB and FATF, the G20 finance leaders have agreed that no stablecoin project should commence operation until their risks are evaluated and appropriately addressed.

Capital Adequacy

Post Crisis Reform Implementation Has Progressed in 2019: FSB

By Editors | 18/10/2019

Regulators should lead by example to promote the timely, full and consistent implementation of remaining reforms to support a level playing field and avoid regulatory arbitrage, the FSB says.

Clearing & Post-Trade

FSB Reports on OTC Derivatives Reform Progress

By Editors | 16/10/2019

Comprehensive trade reporting requirements are in force in 23 of 24 FSB member jurisdictions, and authorities are increasingly making use of trade repository data.

Emerging Prudential Risks

FSB Highlights Market Fragmentation Issues in Letter to G20

By Manesh Samtani | 15/10/2019

In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.