Financial Stability Board

FSB Assessing Role of Social Media in Bank Failures

By Sanday Chongo Kabange | 11/05/2023

Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

Market Infrastructure

Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

By Editors | 28/04/2023

A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.

Capital / Liquidity

South Korea to Participate in Global Bank Stress Test

By Editors | 27/04/2023

South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

ESG / Sustainability

FSB Identifies Growing Use of Climate Metrics in Compensation

By Editors | 24/04/2023

The inclusion of climate-related metrics in compensation frameworks is at an “early, evolutionary stage” and is focused on executive and senior management.

Ravi Menon Reported to be Leaving MAS This Year

By Editors | 20/04/2023

Ravi Menon is MAS’ longest-serving managing director. Former deputy managing director Chia Der Jiun is tipped to be Menon’s successor.

Capital / Liquidity

BCBS, FSB Consider Changes to Global Banking Rules

By Editors | 19/04/2023

Fitch Ratings says global standard-setters may adjust the existing prudential and resolution frameworks, potentially making IRRBB a Pillar 1 requirement.

Market Infrastructure

DSB Launches UPI User Acceptance Test Environment

By Manesh Samtani | 17/04/2023

The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.

Market Infrastructure

FSB Proposes Standard Global Approach to Cyber Incident Reporting

By Manesh Samtani | 14/04/2023

The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.

Capital / Liquidity

Recent Banking Sector Turmoil to Inform FSB’s Policy Work

By Editors | 12/04/2023

FSB working with BCBS to analyse and learn from recent banking sector turmoil. Cyber incident reporting recommendations also finalised.