Financial Stability Board

Emerging Prudential Risks

FSB Reports Progress on NBFI Risks, Cross-border Payments

By Editors | 12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

Emerging Prudential Risks

FSB Offers Policy Toolkit to Address MMF Vulnerabilities

By Manesh Samtani | 12/10/2021

Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.

Stablecoins

FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

By Mark Johnston | 08/10/2021

The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

Emerging Prudential Risks

Data Gaps Initiative to Extend Past 2021: FSB, IMF

By Editors | 08/10/2021

A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.

Stablecoins

PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

By Editors | 07/10/2021

The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

Emerging Prudential Risks

FSB Launches New Financial Stability Surveillance Framework

By Editors | 30/09/2021

The new framework will further enhance the FSB’s ability to identify and address financial system vulnerabilities in a proactive manner.

Cryptocurrency

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

Payments & Settlements

CLS, Global Banks Collaboration on PvP Settlement in FX Market

By Editors | 14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

Market Data & Technology

DSB Signs MoU on UPI Governance Arrangements

By Editors | 12/08/2021

The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.