Financial Stability Board

Emerging Prudential Risks

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

By Manesh Samtani | 17/11/2020

In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.

Resolution & Recovery

FSB Finalises Guidance on Assessing CCP Financial Resources

By Editors | 16/11/2020

The guidance will support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for CCP resolution.

Capital Adequacy

Pandemic Was ‘First Major Global Test’ of Post-Crisis Reforms: FSB

By Editors | 15/11/2020

The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.

Capital Adequacy

FSB Publishes 2020 List of Global Systemically Important Banks

By Editors | 11/11/2020

JP Morgan and China Construction Bank were raised to a higher bucket; Goldman Sachs and Wells Fargo were moved to a lower bucket.

Operational Risk

FSB Advances Dialogue on Outsourcing, Third Party Relationships

By Manesh Samtani | 09/11/2020

An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.

Climate Risk

Korea Exchange Joins and Declares Support for TCFD

By Sanday Chongo Kabange | 03/11/2020

KRX joins the Ministry of Environment, Shinhan Financial Group, KG Financial Group, Posco and SK Innovation in declaring its support for the TCFD.

Market Data & Technology

Global UPI Adoption a Key Focus for DSB in Year Ahead

By Editors | 28/10/2020

The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.

Structural Regulation

Singapore Publishes Timelines, Guidance to Support Transition to SORA

By Manesh Samtani | 27/10/2020

Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.

Climate Risk

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.