FINANCIAL STABILITY BOARD

Fintech / Regtech

BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

By Manesh Samtani | 14/03/2018

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

AML / KYC

New Initiative to Help Boost Correspondent Banking Relationships

By Editors | 08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

Market Infrastructure

FSB Report Reveals Scale of Shadow Banking Risks

By Manesh Samtani | 08/03/2018

Global shadow banking activities rose 7.6 percent to $45.2tn in 2016, representing 13 percent of total financial system assets; China contributed $7tn to the measure.

Capital / Liquidity

FSB Publishes Hong Kong Peer Review

By Manesh Samtani | 03/03/2018

Completion of reform implementation and greater transparency needed for OTC derivatives market; resolution framework can be improved.

Capital / Liquidity

FSB Issues Singapore Peer Review

By Samuel Riding | 27/02/2018

Board suggests MAS need to state who is responsible for macro-prudential oversight; wants resolution regime extended to market infrastructure.

Capital / Liquidity

Pre-crisis Bank Resolution Model Makes an Unwelcome Return

By Peter Guy | 26/02/2018

The Trump administration’s Chapter 14 – a misguided attempt to end “too big to fail” by sending bank resolutions to court – will only heighten systemic risk.

China ‘Super Regulator’ Needs New Structure to Boost Effectiveness: PBoC Researcher

By Editors | 16/02/2018

FSDC should focus on horizontal coordination and supervision of regulatory agencies instead of the current vertical coordination; PBoC should have a greater supervisory role.

Capital / Liquidity

Hong Kong Amends Banking Rules on Recovery Planning, Large Exposure Limits

By Garima Chitkara | 06/02/2018

New rules will bring Hong Kong bank regulatory regime in line with international standards.

Securities / Derivatives

IOSCO Issues Final Fund Liquidity Risk Management Principles

By Samuel Riding | 05/02/2018

Group of regulators says document represents ‘last step’ in its move to address systemic risk from open-ended funds.