Financial Stability Board

Market Infrastructure

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

By Editors | 16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.

G20 Agrees to Suspend Debt Payments for Low Income Nations

By Editors | 15/04/2020

The G20 is also calling on private creditors, working through the Institute of International Finance, to participate in the initiative “on comparable terms”.

Market Infrastructure

FSB Updates G20 on Coordinated Response to Covid-19

By Editors | 14/04/2020

Since mid-March, FSB members have reported about 850 discrete actions to address the financial and economic fallout related to Covid-19.

Big Picture

FSB Offers Recommendations on Regulating Global Stablecoins

By Editors | 14/04/2020

The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

AML / KYC

FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

By Editors | 09/04/2020

New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.

Market Infrastructure

IOSCO Redirects Work Programme to Focus on Covid-19 Impacts

By Editors | 09/04/2020

IOSCO resources will be redeployed to focus on matters directly impacted by Covid-19, including to examine market-based finance, investment funds and central clearing.

Market Infrastructure

Hong Kong Introduces Legislation to Enhance Regulatory Framework for Insurers

By Editors | 23/03/2020

The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.

Capital / Liquidity

BCBS, FSB Support Use of Capital, Liquidity Buffers to Maintain Stability

By Editors | 22/03/2020

Using capital resources to support the real economy and absorb losses should take priority over discretionary distributions. HQLA stocks should be used to meet liquidity demands.

Market Infrastructure

BOJ Begins Publishing Securities Financing Transaction Data

By Editors | 02/03/2020

The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.