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Items tagged with "FSB"

Stability concerns to watch in Non-Bank Financial Intermediation

Could the next financial crisis come from the non-bank sector? The structure of finance is changing, and with vast and increasing amounts of financial intermediation being done by entities other than banks, often less tightly regulated, this is an important area for monitoring, and disclosure efforts as well as potential regulation. The Financial Stability Board […]

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FSB emphasise 2021 deadline for IBOR reform

The Financial Stability Board (FSB) has issued a statement emphasising the need to transition to LIBOR alternatives by the end of 2021, despite Covid-19 setbacks.

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FSB Assess Financial Threat of BigTech

This week also sees the Financial Stability Board (FSB) chiming in on the growing number of reports and speeches examining the financial stability implications of BigTech and the digitisation of finance with two reports. Firstly, the FSB looks at the range of issues raised by the entry of BigTech firms into finance in BigTech in finance: […]

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FSB Review of LEI Finds Substantial Benefits but Progress Needed

Since 2012 the Global Legal Entity Identifier (LEI) System has been used to uniquely identify over 1.4 million entities in more than 200 countries, standardising the identification of entities globally and bringing substantial regulatory benefits. However, take up beyond financial services is still slow, and further adoption is needed for the identifier to meet all of […]

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Co-ordination Essential for Cybersecurity

Interesting remarks on the role that standardisation, regulation, and information have to play in the global battle against cyber threats this week at the G7 2019 Conference, Cybersecurity: Coordinating efforts to protect the financial sector in the global economy. The need for cooperation and coordination to tackle this global threat was made clear: cybersecurity threats […]

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Charting a Course for the FSB

Earlier this week Randal K. Quarles made his inaugural speech as new chair of the Financial Stability Board (FSB), using the opportunity to share his view of the future. The FSB has spent the past seven years focused on creating a body of regulation to address the “fault lines exposed by the global financial crisis”, […]

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FSB Evaluate Reforms

 To coincide with the G20 meeting in Buenos Aires the Financial Stability Board (FSB) have published its fourth annual report in the implementation and effects of the G20 financial regulatory reforms. Ten years after the crisis, the report evaluates the progress made on the reform agenda, while highlighting the challenges the future is bringing: how to maintain […]

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FSB Explore Fintech Innovation for Security

The Financial Stability Board (FSB) has highlighted the importance of encouraging innovation for financial stability in a letter that draws attention to issues for G20 leaders to consider.

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Cyber Lexicon by FSB

Using defined terms helps with clarity – even more so when you are dealing with complex issues. The Financial Stability Board (FSB) has published a draft Cyber Lexicon for public consultation. The draft comprises a set of 50 core terms related to cybersecurity and cyber resilience in the financial sector. The Lexicon is intended to […]

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JP Morgan Chase: More Standardisation Please 

At XBRL International we believe that there is an extraordinary opportunity for collaboration both between regulators and amongst the regulated to improve clarity, improve outcomes and to bring about significant simplification. It’s also a chance to lower the costs associated with inconsistent regulations imposed on business. JP Morgan Chase seems to agree.

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