Financial Stability Board

Capital / Liquidity

BCBS Task Force Outlines Progress on Climate Risk Initiatives

By Shruti Khairnar | 20/10/2020

Kevin Stiroh, Co-chair of the Task Force on Climate-related Financial Risks, highlighted the importance of globally concerted efforts and information sharing.

Market Infrastructure

FSB Publishes Cyber Resilience Toolkit for Financial Sector

By Editors | 19/10/2020

The financial system is only as strong as its weakest link, the FSB says, encouraging the use of the final toolkit to enhance cyber incident response and recovery activities.

Market Infrastructure

FSB Sets Out Global Transition Roadmap for LIBOR Phaseout

By Editors | 18/10/2020

By end-2020, firms should be in a position to offer non-LIBOR loans to customers. By 25 January, firms should adhere to the ISDA fallbacks protocol.

AML / KYC

MAS’ Use of Tech to Enhance Regulatory, Supervisory Functions

By Manesh Samtani | 17/10/2020

A recent FSB report offered case studies of how regtech and suptech are being deployed by regulators, including several examples from MAS.

Market Infrastructure

Australian Regulators Urge Adherence to ISDA IBOR Fallbacks

By Editors | 14/10/2020

The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.

AML / KYC

G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts

By Manesh Samtani | 14/10/2020

The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.

Capital / Liquidity

FSB Issues Update on Work to Address Market Fragmentation

By Editors | 14/10/2020

The rapid and coordinated policy response to Covid-19 has underlined policymakers’ awareness of harmful effects of market fragmentation, the FSB says.

ESG / Sustainability

FSB Publishes Letter to G20 Ahead of Virtual Meeting

By Manesh Samtani | 14/10/2020

The letter describes the FSB’s work to address issues of financial innovation and technology, promote a resilient and integrated global financial system, and address market fragmentation.

AML / KYC

FSB Issues Final Recommendations on Regulating Global Stablecoins

By Editors | 13/10/2020

Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.