In addition to identifying emerging risks, the FSB will focus on finalising, operationalising and monitoring the implementation of post-crisis reforms.
The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.
The current system of national implementation does not favour full implementation of post-crisis regulatory reform, says German central banker Joachim Wuermeling.
'ISDA Create – IM' is expected to significantly reduce the time and resources it takes to negotiate margin documentation for participants in non-cleared OTC derivatives markets.
Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.
The analysis supports the view that the G-SIB framework is incentivising G-SIBs to become less systemically important. Non-GIBs are showing an increase in relative importance.
Leveraged finance markets have exceeded pre-crisis highs, attracting attention from regulators, with non-banks increasingly providing a large share of the financing.
The FSB in November consulted on the financial resources CCPs should have for resolution planning and how CCP capital should be treated in the event of resolution.
The GFIN's 29 members include the HKMA, SFC, MAS and ASIC. Applications are now open for firms looking to test innovative cross border financial services.
The proof-of-concept will enable gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation for on trade platforms.