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Market Infrastructure
FSB Reports Further Progress on OTC Derivatives Reforms
By Editors | 05/12/2021
15 out of 24 FSB member jurisdictions have implemented higher capital requirements for non-centrally cleared derivatives, compared to just 8 in 2020.
Capital / Liquidity
FSB Offers Guidance on Enhancing G-SIB Crisis Preparedness
By Editors | 01/12/2021
The FSB identifies good practices to help authorities enhance their preparedness for the management and resolution of a crisis affecting a G-SIB.
Capital / Liquidity
FSB Publishes 2021 List of Global Systemically Important Banks
By Editors | 23/11/2021
JP Morgan, BNP and Goldman have moved to higher buckets, meaning they will have to hold larger capital buffers from 1 January 2023.
Market Infrastructure
FSB Calls for Urgent Action Complete LIBOR Transition Steps
By Manesh Samtani | 23/11/2021
The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.
Crypto / Digital Assets
FSB Plenary Agrees Work Programme for 2022
By Manesh Samtani | 18/11/2021
The programme includes work around the response to Covid-19, NBFI resilience, crypto/stablecoin/DeFi risks, climate risk, and the post-2008 crisis reforms.
Capital / Liquidity
HKMA Finalises Guidance on Implementing OCIR Arrangements
By Sanday Chongo Kabange | 08/11/2021
In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.
ESG / Sustainability
Bank Compensation Practices More Advanced Than Other FIs: FSB
By Editors | 05/11/2021
The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.
Market Infrastructure
DSB Seeks Feedback on Legal Framework for UPI Service
By Editors | 04/11/2021
The Derivatives Service Bureau proposes to use a single overarching legal agreement for users subscribing to OTC ISIN and UPI Services.
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.
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