Financial Stability Board

    Capital / Liquidity

    Korean Cabinet Approves Rules on SIFI Resolution Plans

    By Editors | 23/06/2021

    SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.

    Market Infrastructure

    CFTC Subcommittee Proposes Switch to SOFR for Interdealer Swaps

    By Manesh Samtani | 09/06/2021

    The ARRC said the change, proposed for 26 July, will allow it to formally recommend forward-looking SOFR term rates published by CME Group.

    Crypto / Digital Assets

    G7 Leaders Pledge to Develop Common Principles for CBDCs

    By Sanday Chongo Kabange | 07/06/2021

    CBDCs should operate within appropriate privacy frameworks and minimise spillovers, the G7 Finance Ministers said in a communique.

    Market Infrastructure

    Standard-Setters Launch Plan to Improve Global Audit Quality

    By Editors | 07/06/2021

    Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.

    Market Infrastructure

    FSB, IOSCO Issue Statements in Support of Smooth LIBOR Transition

    By Editors | 02/06/2021

    The FSB warns against waiting for the development of forward-looking term RFRs. IOSCO urges market participants to stop issuing new LIBOR products.

    Market Infrastructure

    FSB Proposes Global Targets for Enhancing Cross-border Payments

    By Editors | 01/06/2021

    The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

    Big Picture

    NGFS Publishes Preliminary Findings on Climate-related Data Gaps

    By Editors | 26/05/2021

    The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

    Capital / Liquidity

    Resolution Authorities Should Have Operational Independence: BIS

    By Ranamita Chakraborty | 12/05/2021

    The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.

    Capital / Liquidity

    Standard-setters Examine Margin Practices of Market Participants

    By Editors | 08/05/2021

    Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.

    Securities / Derivatives

    FSB Issues Guidance on Implementing SFT Data Standards

    By Editors | 13/04/2021

    The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

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