Financial Stability Board

DeFi & Web3

FSB: Decentralisation Could Benefit Financial Stability

By Manesh Samtani | 08/06/2019

While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.

Trading & Investment

FSB Publishes User Guide to Overnight Risk Free Rates

By Editors | 07/06/2019

The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.

Reporting & Disclosures

FSB TCFD: Not Enough Companies Disclosing Climate Risk Information

By Editors | 07/06/2019

The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.

Structural Regulation

FSB, IOSCO Issue Complementary Reports on Market Fragmentation

By Manesh Samtani | 06/06/2019

The FSB and IOSCO have separately published reports on market fragmentation as they seek to minimise its adverse effects on financial stability and market efficiency.

Resolution & Recovery

FSB Consults on Measures to Improve G-SIB Resolvability

By Editors | 05/06/2019

Two discussion paper have been issued, one on public disclosures of information on resolution planning and resolvability, the other on winding down large derivatives portfolios.

Cryptocurrency

FSB Issues Report to G20 on Crypto-Asset Regulation

By Manesh Samtani | 04/06/2019

Forward-looking risk assessments are needed in crypto-asset markets to identify trends that may give rise to financial stability and other risks and assess their potential significance early on.

KYC & CDD

FSB Details Progress to Address Decline in Correspondent Banking

By Editors | 03/06/2019

The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.

Structural Regulation

Asia Pacific Firms Lagging in LEI Adoption – FSB

By Manesh Samtani | 30/05/2019

Although widespread coverage has been achieved in OTC derivatives and securities markets, LEI adoption remains uneven across jurisdictions, with Asia Pacific lagging.

Cybersecurity

FSB Works to Develop Cyber Incident Best Practice Toolkit for FIs

By Manesh Samtani | 29/05/2019

In a progress update to the G20, the FSB said it is working to identify and develop effective practices for financial institutions to respond to and recover from cyber incidents.