Financial Stability Board

ESG / Sustainability

HKMA Issues Draft Guideline for Banks on Climate Risk Management

By Manesh Samtani | 21/07/2021

The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.

Big Picture

FSB Takes Stock of Covid-19 Lessons on Financial Stability

By Manesh Samtani | 13/07/2021

Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.

ESG / Sustainability

G20 Endorses Use of Carbon Pricing Mechanisms, Incentives

By Manesh Samtani | 12/07/2021

The use of carbon pricing mechanisms and incentives was included in the G20 communique among the set of tools to facilitate the transition to a more sustainable economy.

ESG / Sustainability

FSB Urges Greater Coordination on Climate-related Risks

By Manesh Samtani | 07/07/2021

The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.

Market Infrastructure

FSB Calls on Supervisors to Align LIBOR Messaging

By Manesh Samtani | 07/07/2021

Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.

Big Picture

FSB Offers Policy Options to Enhance MMF Resilience

By Manesh Samtani | 01/07/2021

Requirements for MMFs could include capital buffers, higher liquidity requirements, or the removal of the stable NAV, among other options.

ESG / Sustainability

UK, Singapore Commit to Deepening Regulatory Cooperation

By Editors | 01/07/2021

Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.

Market Infrastructure

FSB Launches Review of Corporate Debt Workouts

By Editors | 29/06/2021

Feedback is invited from financial institutions, corporates, insolvency practitioners and other stakeholders in relation to out of court debt workouts.

Capital / Liquidity

Hong Kong: ‘Stay Rules’ to Come into Operation on 27 August

By Manesh Samtani | 27/06/2021

Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.