Financial Stability Board

Data Privacy

FSB Explores Impact of Data Regulation on Cross-border Payments

By Editors | 14/12/2021

The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.

Cryptocurrency

IMF Calls on FSB to Create Global Regulatory Framework for Crypto

By Manesh Samtani | 10/12/2021

The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.

Resolution & Recovery

FSB Presents Stock-take of Progress on Resolution Regimes

By Editors | 07/12/2021

The FSB says work is under way to build up external TLAC for the four Chinese G-SIBs, but that all other G-SIBs report that they already meet or exceed the final TLAC requirement.

Capital Adequacy

FSB Reports Further Progress on OTC Derivatives Reforms

By Editors | 05/12/2021

15 out of 24 FSB member jurisdictions have implemented higher capital requirements for non-centrally cleared derivatives, compared to just 8 in 2020.

Resolution & Recovery

FSB Offers Guidance on Enhancing G-SIB Crisis Preparedness

By Editors | 01/12/2021

The FSB identifies good practices to help authorities enhance their preparedness for the management and resolution of a crisis affecting a G-SIB.

Capital Adequacy

FSB Publishes 2021 List of Global Systemically Important Banks

By Editors | 23/11/2021

JP Morgan, BNP and Goldman have moved to higher buckets, meaning they will have to hold larger capital buffers from 1 January 2023.

Structural Regulation

FSB Calls for Urgent Action Complete LIBOR Transition Steps

By Manesh Samtani | 23/11/2021

The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.

Emerging Prudential Risks

FSB Plenary Agrees Work Programme for 2022

By Manesh Samtani | 18/11/2021

The programme includes work around the response to Covid-19, NBFI resilience,  crypto/stablecoin/DeFi risks, climate risk, and the post-2008 crisis reforms.

Resolution & Recovery

HKMA Finalises Guidance on Implementing OCIR Arrangements

By Sanday Chongo Kabange | 08/11/2021

In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.