Financial Stability Board

Data Privacy

Regulatory Coordination Needed to Mitigate BigTech Risks: BIS

By Editors | 25/06/2019

An element of risk is BigTechs’ access to data from existing social media, search engines and ecommerce platforms, which raises competition and data privacy issues.

Conduct, Culture & Accountability

Banks Making Progress on Compensation Practices: FSB

By Editors | 18/06/2019

Most banks now have compensation policies in place that reduce the potential for inappropriate risk-taking. The challenge now is to develop frameworks for assessing their effectiveness.

Structural Regulation

GLEIF Welcomes FSB Recommendations to Improve LEI Adoption

By Editors | 18/06/2019

The Global Legal Entity Identifier Foundation will assess how to best align itself to respond and support the FSB’s aim of broader LEI adoption globally.

Cybersecurity

Singapore, UK to Enhance Cooperation on Cyber Security

By Editors | 14/06/2019

Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

Capital Adequacy

FSB Examines Effects of Post-Crisis Reforms on SME Financing

By Editors | 11/06/2019

SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies.

DeFi & Web3

FSB: Decentralisation Could Benefit Financial Stability

By Manesh Samtani | 08/06/2019

While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.

Trading & Investment

FSB Publishes User Guide to Overnight Risk Free Rates

By Editors | 07/06/2019

The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.

Reporting & Disclosures

FSB TCFD: Not Enough Companies Disclosing Climate Risk Information

By Editors | 07/06/2019

The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.

Structural Regulation

FSB, IOSCO Issue Complementary Reports on Market Fragmentation

By Manesh Samtani | 06/06/2019

The FSB and IOSCO have separately published reports on market fragmentation as they seek to minimise its adverse effects on financial stability and market efficiency.