Financial Stability Board

    Capital / Liquidity

    PBOC, CBIRC Establish Final TLAC Rules for Chinese G-SIBs

    By Editors | 02/11/2021

    China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.

    Big Picture

    FSB Reports Progress to G20 on Financial System Resilience

    By Editors | 02/11/2021

    The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.

    Big Picture

    FSB Annual Report Warns of Continued Financial Stability Risk

    By Manesh Samtani | 28/10/2021

    Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

    Capital / Liquidity

    International Standard Setters Launch Review into Margin Practices

    By Editors | 26/10/2021

    While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

    Capital / Liquidity

    Too Soon to Base Capital Requirements on Climate Scenarios

    By ESG Investor | 21/10/2021

    NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.

    Enforcement

    CFTC Fines Tether as US Regulators Scrutinise Crypto Markets

    By Mark Johnston | 21/10/2021

    The CFTC has fined Tether $41mn and Bitfinex’s parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.

    Market Infrastructure

    FSB Seek Global Harmonisation in Cyber Incident Reporting

    By Editors | 20/10/2021

    The FSB will promote convergence in cyber incident reporting by developing best practices, defining information to be shared, and creating common terminologies.

    ESG / Sustainability

    TCFD Updates Guidance, Outlines Path for Future Reporting

    By ESG Investor | 14/10/2021

    Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.

    Market Infrastructure

    Cross-border Payments Roadmap Remains Firmly on Track: FSB

    By Editors | 14/10/2021

    The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.

    Market Infrastructure

    FSB Reports Progress on NBFI Risks, Cross-border Payments

    By Editors | 12/10/2021

    A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

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