Financial Stability Board

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    Crypto / Digital Assets

    FSB Assesses DeFi Vulnerabilities and How to Address Them

    By Manesh Samtani | 17/02/2023

    The FSB will consider changes to its proposed crypto regulatory framework to account for DeFi-specific risks, and policy responses to address TradFI-DeFi interactions.

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    Big Picture

    Tokenisation Can Threaten Financial System Stability: Denis Beau

    By Mark Johnston | 25/01/2023

    Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.

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    Capital / Liquidity

    Implementation of 2013 NBFI Reforms Are Incomplete: FSB

    By Editors | 19/01/2023

    Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.

    Market Infrastructure

    FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’

    By Manesh Samtani | 19/12/2022

    Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.

    Capital / Liquidity

    Basel Rules for Cryptoassets to Take Effect in Jan 2025

    By Manesh Samtani | 19/12/2022

    1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.

    Capital / Liquidity

    FSB to Revise Recommendations on Fund Liquidity Management

    By Editors | 15/12/2022

    Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

    Capital / Liquidity

    Global Banking System More Resilient After Basel Reforms: BCBS

    By Editors | 15/12/2022

    Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.

    Capital / Liquidity

    FSB Announces Decision to Discontinue Annual G-SII Identification

    By Editors | 12/12/2022

    The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.

    Capital / Liquidity

    More Work Needed on Resolution Plans for CCPs, Insurers: FSB

    By Editors | 09/12/2022

    The FSB said resolution planning for G-SIBs is maturing but more progress is needed on the development of resolution plans for CCPs and insurers.

    Capital / Liquidity

    PBOC Calls on Chinese D-SIBs to Improve TLAC

    By Editors | 30/11/2022

    The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.

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