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18 Jun 2019, 7:53 am by Simon Lovegrove (UK)
The progress report notes that all FSB jurisdictions have implemented the P&S for all significant banks. [read post]
29 May 2019, 4:42 am by Jochen Vester (UK)
Almost all FSB jurisdictions have regulations referring to the LEI, although the number of rules varies widely; very few jurisdictions (typically those with large financial markets) have implemented the LEI beyond over-the-counter derivatives and securities transactions; all but three FSB jurisdictions’ central banks have an LEI, and all jurisdictions reported having at least one other public sector body with an LEI; benefits derived from LEI implementation include… [read post]
5 Apr 2019, 6:17 am by John Jascob
The agency is an active contributor to the International Organization of Securities Commissions (IOSCO), Financial Stability Board (FSB), and IOSCO’s joint work with the Committee on Payments and Market Infrastructures and Basel Committee on Banking Supervision. [read post]
11 Mar 2019, 4:52 am by Simon Lovegrove (UK)
On 8 March 2019 the Financial Stability Board (FSB) published a document containing the key takeaways of its London workshop on supervisory practices that implement the FSB’s Principles for Sound Compensation Practices and their Implementation Standards. [read post]
17 Jan 2019, 7:58 pm by MOTP
UPDATE: Texas Supreme Court denied review 5/24/2019 CLAIM-FRACTURING CUM APPELLATE GALORE Natgasoline LLC v. [read post]
12 Dec 2018, 10:47 am by Barbara S. Mishkin
At the end of last week, the CFPB announced that it had entered into a consent order with State Farm Bank, FSB to settle allegations that the Bank violated the Fair Credit Reporting Act, Regulation V, and the Consumer Financial Protection Act in connection with furnishing information to consumer reporting agencies (CRAs ) and obtaining and using consumer reports. [read post]
29 Nov 2018, 7:52 am by John Jascob
In addition, over-the-counter (OTC) derivatives markets are simpler and more transparent, the use of central clearing has increased, and collateralization is more widespread, the FSB said. [read post]
27 Nov 2018, 2:28 am by Simon Lovegrove (UK)
On 26 November 2018, the Financial Stability Board (FSB) appointed Randal K Quarles (Governor and Vice Chairman for Supervision at the US Federal Reserve) as its new Chair and Klaas Knot (President of De Nederlandsche Bank) as Vice Chair, for a three year term starting on 2 December 2018. [read post]
19 Nov 2018, 7:44 am by Simon Lovegrove (UK)
The Report details actions taken by the FSB since its March 2018 progress report, notably: data collection and analysis: the FSB published on 16 November 2018 an update of its correspondent banking data report. [read post]
The report provides the FSB’s view on the potential financial stability implications of crypto-assets, both at present and if they were to become more widely used in the future. [read post]
9 Aug 2018, 4:57 am by Hannah Meakin and Catherine Blake
On 7 August 2018, a group of international standard setting bodies (the Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures, the Financial Stability Board (FSB) and the International Organization of Securities Commissions) published a consultative document on incentives to centrally clear over-the-counter (OTC) derivatives. [read post]
17 Jul 2018, 6:11 am by Simon Lovegrove and Albert Weatherill
The report follows a letter that FSB Chair Mark Carney sent to G20 Finance Ministers and Central Bank Governors in March noting that crypto-assets raise a host of issues around consumer and investor protection, as well as their use to shield illicit activity and for money laundering and terrorist financing. [read post]
16 Jul 2018, 2:24 pm by Howard S. Altarescu
“The FSB continues to encourage the development and adoption of these overnight RFRs where appropriate, for example in business where term properties are not needed, or where exposure to bank credit risk is not necessary or desirable. [read post]
16 Jul 2018, 2:24 pm by Shaun Malone
The FSB therefore encourages the development and adoption of overnight RFRs where appropriate, for example in businesses where term properties are not needed, or where exposure to bank credit risk is not necessary or desirable. [read post]
9 May 2018, 4:20 am by Albert Weatherill and Simon Lovegrove
On 7 May 2018, the Financial Stability Board (FSB) issued a public consultation on Recommendations for consistent national reporting of data on the use of compensation tools to address misconduct risk. [read post]