Financial Stability Board

Cryptocurrency

FSB Issues Report to G20 on Crypto-Asset Regulation

By Manesh Samtani | 04/06/2019

Forward-looking risk assessments are needed in crypto-asset markets to identify trends that may give rise to financial stability and other risks and assess their potential significance early on.

KYC & CDD

FSB Details Progress to Address Decline in Correspondent Banking

By Editors | 03/06/2019

The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.

Structural Regulation

Asia Pacific Firms Lagging in LEI Adoption – FSB

By Manesh Samtani | 30/05/2019

Although widespread coverage has been achieved in OTC derivatives and securities markets, LEI adoption remains uneven across jurisdictions, with Asia Pacific lagging.

Cybersecurity

FSB Works to Develop Cyber Incident Best Practice Toolkit for FIs

By Manesh Samtani | 29/05/2019

In a progress update to the G20, the FSB said it is working to identify and develop effective practices for financial institutions to respond to and recover from cyber incidents.

Payments & Settlements

Decline in Correspondent Banking is Universal – CPMI

By Editors | 28/05/2019

Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.

Resolution & Recovery

FSB Seeks Feedback on Effects of Too-Big-To-Fail Reforms

By Editors | 27/05/2019

The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.

Conduct, Culture & Accountability

MAS, ABS Form Culture and Conduct Steering Group

By Garima Chitkara | 23/05/2019

The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.

Reporting & Disclosures

Japan TCFD Consortium Set for 27 May Inauguration

By Editors | 22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

Trading & Investment

ISDA Launches Two More Consultations on Benchmark Reform

By Garima Chitkara | 21/05/2019

ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.