Financial Stability Board

Market Infrastructure

FSB Proposes Common Format for Reporting Operational Incidents

By Editors | 18/10/2024

The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

Market Infrastructure

NY Fed Launches New Panel to Bolster Resiliency of Benchmarks

By Editors | 30/09/2024

The so-called “Reference Rate Use Committee” will work to foster industry engagement on issues related to the use of interest rate benchmarks in the post-LIBOR world.

Capital / Liquidity

BCBS Advances Follow-up Response to 2023 Banking Turmoil

By Editors | 25/09/2024

The BCBS has finalised a new report on the lessons learned from the 2023 banking turmoil, focusing on liquidity risk. The report will be published next month.

AML / KYC

Japan Backs FSB Plan to Streamline Cross-border Payments

By Thisanka Siripala | 12/09/2024

However, the Japanese Bankers Association is calling for incentives to help boost the adoption of LEIs, which are currently costly and complex to implement.

Fintech / Regtech

CBA, BNY Enable Real-Time Cross-Border Payments

By Sanday Chongo Kabange | 27/08/2024

The new arrangement enables the AUD leg of inbound cross-border payments to be processed in under a minute.

Crypto / Digital Assets

India Has “No Proposal” to Regulate Crypto Beyond Tax, AML

By Ajoy K Das | 09/08/2024

MOF official told Parliament the government will coordinate with global standard-setting bodies before considering any measures domestically.

Crypto / Digital Assets

India to Issue Policy Paper on Crypto ‘Before September’

By Ajoy K Das | 30/07/2024

The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.

Crypto / Digital Assets

Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

By Editors | 24/07/2024

New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

Crypto / Digital Assets

NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB

By Manesh Samtani | 22/07/2024

The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.