Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.
January 19, 2023At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.
January 17, 2023Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.
December 16, 2022Russia’s invasion of Ukraine has significantly added to pre-existing challenges associated with exiting from Covid-19 policy support measures.
November 16, 2022Accompanying the letter to the G20 is a report on exit strategies to address COVID-19 scarring in the financial sector, and a statement on crypto-asset regulation.
July 14, 2022This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints, Lael Brainard said.
July 12, 2022The CMIM is being enhanced to allow ASEAN+3 members to use their own and each other's local currencies for CMIM liquidity support.
May 20, 2022The programme includes work around the response to Covid-19, NBFI resilience, crypto/stablecoin/DeFi risks, climate risk, and the post-2008 crisis reforms.
November 19, 2021A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
October 8, 2021