FINANCIAL STABILITY BOARD

Securities / Derivatives

SFTR to Require Five Times More Reports Than Trades – DTCC

By Manesh Samtani | 26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Market Infrastructure

Misguided Derivatives Regulation Distorts Markets

By Peter Guy | 23/07/2018

Basel’s new capital rules have impacted global derivatives markets by purging participants and liquidity. Whether or not this was the intended outcome, it will create onerous costs for entire markets and consumers.

Crypto / Digital Assets

Crypto Assets Come Under International Regulatory Scrutiny

By Garima Chitkara | 19/07/2018

The FSB submitted a report to the G20 detailing a framework to monitor potential contagion risks and wealth effects arising from crypto-assets.

Market Infrastructure

ISDA Consults on Fallback Benchmarks for Discontinued IBORs

By Garima Chitkara | 16/07/2018

ISDA proposes adjustment options that will be applicable to fallback rates in the event a derivative references an IBOR that has been permanently discontinued; FSB cautions on the use of overnight RFR to replace term IBORs.

Market Infrastructure

Hong Kong Updates Counterparty Credit Risk Management Framework

By Garima Chitkara | 05/07/2018

The HKMA has revised its counterparty credit risk management regulation to incorporate international regulations; expanding its supervisory coverage to include CVA and central clearing

Market Infrastructure

Hong Kong SFC Releases 2017-18 Annual Report

By Manesh Samtani | 02/07/2018

Highlights for the year include progress on MIC regime, guidance on online trading platforms, and regulatory collaboration with other agencies.

Capital / Liquidity

Push for Bank Capital Easing May Signal Top of Market Cycle

By Peter Guy | 14/06/2018

Financial regulation is beginning to mirror the boom and bust cycles of the market as participants lobby regulators to loosen capital requirements – this at what appears to be the peak of the post-crisis economic growth cycle.

Capital / Liquidity

FSB Seeks Feedback on TLAC Implementation, Adequacy

By JP Reimann | 07/06/2018

Review focused on regulatory adoption, cross-border aspects of implementation, overall progress towards meeting TLAC requirements, instruments issuance and distribution, among others.

Capital / Liquidity

FSB Consults on Third Peer Review on Bank Resolution

By JP Reimann | 06/06/2018

Focus on D-SIBs and other banks that could be systemic in failure and are included in resolution planning at a jurisdictional level; feedback sought by 4 July.