Eight major jurisdictions are yet to adopt resolution planning. Further work is needed on resolution planning for D-SIBs and other banks, as well as on cross-border cooperation on bank resolutions.
Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.
The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences.
The Central Banks and Supervisors 'Network for Greening the Financial System' has published a report providing recommendations to mitigate climate-related financial risks.
Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.
Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.
The new open-ended mandate recognises FATF's leadership role and strengthens its capacity to respond to threats facing the financial system.
The purpose of the project is to help the IMF and World Bank staff become more familiar with the principles behind DLT, as well as its challenges and real world applications.
There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.
SWIFT, Ripple, Accenture, Barclays, BBVA, Deutsche Börse and R3 are among the 105 founding members of the International Association of Trusted Blockchain Applications.