Financial Stability Board

    Market Infrastructure

    FSB Report Highlights Risks of Continued LIBOR Reliance

    By Editors | 18/12/2019

    In its latest progress report on benchmark reform implementation, the FSB calls for “significant and sustained efforts” to transition away from LIBOR by end-2021.

    Securities / Derivatives

    IOSCO Unveils Framework for Monitoring Leverage-related Risks in Funds

    By Editors | 16/12/2019

    IOSCO has developed a framework for monitoring leverage across all types of investment funds globally, to help regulators assess leverage-related risks that can undermine financial stability.

    Big Picture

    No Immediate Financial Stability Risks from Cloud Services: FSB

    By Manesh Samtani | 10/12/2019

    While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.

    Big Picture

    BigTechs Could Raise Issues for Policymakers: FSB

    By Manesh Samtani | 10/12/2019

    BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.

    Market Infrastructure

    ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

    By Manesh Samtani | 09/12/2019

    ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.

    Market Infrastructure

    FSB Releases Final Feedback on SME Financing Study

    By Garima Chitkara | 02/12/2019

    The FSB undertook a study to understand the impact of Basel III on bank financing of SMEs and found no material impact on their access to capital and credit.

    Capital / Liquidity

    FSB Adds Toronto Dominion to G-SIBs List

    By Editors | 23/11/2019

    The addition of Toronto Dominion to the list brings the overall number of G-SIBs from 29 to 30. Deutsche Bank was moved to a lower bucket within the list.

    Market Infrastructure

    FSB Urges ISDA to Embed LIBOR Pre-Cessation Trigger in Definitions

    By Garima Chitkara | 21/11/2019

    The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.

    Capital / Liquidity

    FSB Prioritises CCP Resilience, Resolvability in Policy Work

    By Editors | 15/11/2019

    The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.

    Market Infrastructure

    New Supervisory Framework for Internationally Active Insurers

    By Editors | 15/11/2019

    The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.

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