Financial Stability Board

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    Credit Risk

    FSB Calls for Research on Post-GFC Securitisation Reforms

    By Editors | 20/02/2023

    The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.

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    DeFi & Web3

    FSB Assesses DeFi Vulnerabilities and How to Address Them

    By Manesh Samtani | 17/02/2023

    The FSB will consider changes to its proposed crypto regulatory framework to account for DeFi-specific risks, and policy responses to address TradFI-DeFi interactions.

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    Tokenisation

    Tokenisation Can Threaten Financial System Stability: Denis Beau

    By Mark Johnston | 25/01/2023

    Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.

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    Emerging Prudential Risks

    Implementation of 2013 NBFI Reforms Are Incomplete: FSB

    By Editors | 19/01/2023

    Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.

    Trading & Investment

    FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’

    By Manesh Samtani | 19/12/2022

    Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.

    Capital Adequacy

    Basel Rules for Cryptoassets to Take Effect in Jan 2025

    By Manesh Samtani | 19/12/2022

    1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.

    Liquidity Risk

    FSB to Revise Recommendations on Fund Liquidity Management

    By Editors | 15/12/2022

    Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

    Capital Adequacy

    Global Banking System More Resilient After Basel Reforms: BCBS

    By Editors | 15/12/2022

    Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.

    Emerging Prudential Risks

    FSB Announces Decision to Discontinue Annual G-SII Identification

    By Editors | 12/12/2022

    The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.

    Resolution & Recovery

    More Work Needed on Resolution Plans for CCPs, Insurers: FSB

    By Editors | 09/12/2022

    The FSB said resolution planning for G-SIBs is maturing but more progress is needed on the development of resolution plans for CCPs and insurers.

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