Financial Stability Board

    Cryptocurrency

    FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets

    By Manesh Samtani | 17/02/2022

    The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.

    Cryptocurrency

    Crypto-related Financial Stability Risks are Increasing: FSB

    By Manesh Samtani | 16/02/2022

    Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

    Cryptocurrency

    FSB Working on Global Regulatory Framework for Crypto

    By Manesh Samtani | 11/02/2022

    The FSB is reportedly “going full steam” on the issue of developing global regulatory standards for the crypto asset market.

    Resolution & Recovery

    HKMA Issues Draft Guidance on Liquidity and Funding in Resolution

    By Manesh Samtani | 16/01/2022

    The HKMA expects banks to be able to model liquidity and funding needs in a resolution scenario over various time horizons.

    Stablecoins

    HKMA to Introduce Regulatory Framework for Stablecoins

    By Mark Johnston | 13/01/2022

    Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.

    Resolution & Recovery

    FSB Publishes Papers on Insurer Resolution Planning

    By Sanday Chongo Kabange | 12/01/2022

    The FSB requests feedback on two papers that seek to address issues for insurers related to resolution planning and interconnectedness.

    DeFi & Web3

    Global Regulatory Framework for Crypto Likely Next Year

    By Editors | 21/12/2021

    Benoît Cœuré said the “wake-up call” for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.

    Emerging Prudential Risks

    FSB Calls For Papers on NBFI Risks and Policy Remedies

    By Editors | 20/12/2021

    The papers will be used to advance the FSB’s understanding of systemic risks in NBFI and specific policy approaches that may be used to address them.

    Emerging Prudential Risks

    NBFI Vulnerabilities “Broadly Stable” Year-to-year: FSB

    By Editors | 17/12/2021

    Largely unchanged measures of credit intermediation, maturity and liquidity transformation, and leverage highlight the rapid response and impact of official sector intervention.

    Anti-Money Laundering

    IMF, WB Propose Framework for Assessing Remittance Corridor Risk

    By Sanday Chongo Kabange | 14/12/2021

    Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.

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