Financial Stability Board

Capital / Liquidity

HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

By Editors | 03/01/2021

Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.

ESG / Sustainability

FSB Urges Standard Setters to Use TCFD Recommendations

By Editors | 22/12/2020

Using the TCFD recommendations as the basis for developing requirements or guidance for climate-related disclosures will help avoid the risk of market fragmentation, the FSB says.

Securities / Derivatives

Fast Growing NBFI Sector Presents Financial Stability Risk: FSB

By Editors | 17/12/2020

NBFI that poses financial stability risk grew by 11.1% in 2019, at a faster pace than the average 7.1% annual growth rate from 2013-18.

AML / KYC

ANNA Announces Expansion of ISIN-to-LEI Mapping Initiative

By Editors | 16/12/2020

The linking of ISINs and LEIs effectively links issuers to the issuance of securities, thereby improving transparency and aiding risk and exposure management.

Market Infrastructure

DSB Set to Consult on Fee Structure for UPI in January

By Manesh Samtani | 07/12/2020

The UPI will ensure products are reported to trade repositories consistently across FSB jurisdictions. The first consultation will begin on 11 January 2021.

AML / KYC

FATF Consults on AML/CTF Frictions in Cross-border Payments

By Editors | 01/12/2020

The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.

Market Infrastructure

DSB Calls for Asian Members to Join Product Committee

By Editors | 29/11/2020

The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.

Market Infrastructure

CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

By Editors | 29/11/2020

The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.

ESG / Sustainability

FSB Warns of Sharp Falls in Asset Prices from Climate Risk

By ESG Investor | 23/11/2020

Physical and transition risks could combine to increase destabilisation, the FSB says in a new report, citing “numerous sources of uncertainty”.