Financial Stability Board

    Clearing & Post-Trade

    FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

    By Editors | 02/03/2021

    Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.

    Resolution & Recovery

    CBIRC Issues Draft Rules on Recovery and Resolution Plans

    By Editors | 02/03/2021

    Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.

    Emerging Prudential Risks

    FSB Work Plan to Focus on Addressing Covid Vulnerabilities

    By Editors | 26/02/2021

    The FSB says it will produce an assessment of initial lessons learned from the pandemic and a report on the factors needed for an orderly unwinding of support measures.

    Resolution & Recovery

    FSC Korea to Enhance Recovery and Resolution Regimes of SIFIs

    By Editors | 20/02/2021

    SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.

    Resolution & Recovery

    HKMA Drafts Guidance on Operational Continuity in Resolution

    By Editors | 01/02/2021

    Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.

    Payments & Settlements

    CPMI Calls for Global Input on Cross-border Payments Agenda

    By Editors | 25/01/2021

    Authors should submit research papers by 27 January 2021. Industry expert responses to questions should be submitted by 8 February 2021.

    KYC & CDD

    Financial Crime 2021: Digital ID, Due Diligence, Sanctions

    By Editors | 21/01/2021

    Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

    Emerging Prudential Risks

    FSB Publishes Work Programme for Year Ahead

    By Editors | 20/01/2021

    The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.

    Market Data & Technology

    DSB Launches Consultation on Fee Structure for UPI

    By Editors | 12/01/2021

    Market participants are invited to provide feedback on the assumptions and proposals that will underpin the fee model for the UPI.

    Resolution & Recovery

    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.

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