Financial Stability Board

    Clearing & Post-Trade

    Some Aspects of Post-Crisis Reform Disincentivise Central Clearing

    By Manesh Samtani | 20/11/2018

    A joint report from the FSB, BCBS, CPMI and IOSCO confirms earlier findings that some aspects of post-GFC reform may not incentivise central clearing of OTC derivatives.

    Resolution & Recovery

    FSB Urges More Progress on CCP Resolution Regimes

    By Garima Chitkara | 20/11/2018

    Progress to enhance the resolvability of SIFIs is advanced in the banking sector, but most jurisdictions do not yet have a comprehensive resolution regime for CCPs in place.

    Emerging Prudential Risks

    Royal Bank of Scotland Removed From G-SIB List

    By Garima Chitkara | 19/11/2018

    The Financial Stability Board has added France’s Groupe BPCE to its 2018 list of global-systemically important banks and removed RBS and Nordea.

    Trading & Investment

    FSB Issues Progress Report on Interest Rate Benchmark Reform

    By Manesh Samtani | 15/11/2018

    The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

    Resolution & Recovery

    PBOC Seeks Acceleration of TLAC Implementation at China’s G-SIBs

    By Editors | 08/11/2018

    The central bank said China might implement the TLAC framework earlier than 2025 because the country’s ratio of credit bonds to GDP may exceed the 55% trigger set by the FSB.

    Conduct, Culture & Accountability

    AIMA Publishes FMCC Implementation Guide

    By Editors | 01/11/2018

    AIMA, Clifford Chance and Herbert Smith Freehills designed the guide to help Hong Kong asset managers better understand the expectations placed upon them and their constituents.

    Resolution & Recovery

    Hong Kong TLAC Rules Set to Take Effect in December

    By Garima Chitkara | 23/10/2018

    FSB-aligned total loss-absorbing capacity rules will be presented to the LegCo on 24 October and will go into effect on 14 December.

    Capital Adequacy

    G-SIBs Meeting Minimum Capital Levels Under Basel III

    By Garima Chitkara | 05/10/2018

    Basel Committee semi-annual bank monitoring report found that most banks, including all the large G-SIBs were meeting their capital requirements.

    Clearing & Post-Trade

    ISDA Chief Urges Early Preparation for ‘Enormous Challenges’ of 2020

    By Manesh Samtani | 27/09/2018

    The industry will need to start preparing quickly to meet the challenges facing the derivatives market, which will reach a critical point in 2020, says ISDA CEO Scott O’Malia.

    Capital Adequacy

    Capital Regime a Key Impediment to Accessing Central Clearing

    By Manesh Samtani | 13/09/2018

    FIA, IFF and GFMA said in a consultative response that the current capital regime overstates the risks of client clearing and raises the costs of providing client clearing services.

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