GlobalRSS
Martin Boer

FSB cybersecurity guidance dashes hopes for single global approach

The FSB’s cybersecurity guidance leans considerably on the work of US regulators, meaning that it differs from the EU approach, which makes it harder for a genuine global standard to evolve.

BIS appoints Tara Rice to head CPMI secretariat

Tara Rice has been appointed as head of the secretariat for the Committee on Payments and Market Infrastructures (CPMI) by the Bank for International Settlements (BIS). 

Basel Committee members endorse temporary relaxation of capital buffers

Members of the Basel Committee on Banking Supervision have reaffirmed their commitment to implementing the Basel III standards while recognising that banks will need sufficient time to restore their capital buffers depending on the severity of the economic downturn. 

Gaps remain on resolution planning in too-big-to-fail reforms, FSB warns

Though global systemically important banks are now much more resilient than they were a decade ago, improvements are still needed for the winding down of failing institutions, warned the Financial Stability Board (FSB) in a report.

Basel Committee proposes change to capital rules for NPL securitisations

The treatment for securitisations of non-performing loans (NPLs) is to receive a technical amendment from the Basel Committee on Banking Supervision, which is the result of work carried out before the Covid-19 pandemic struck. 

CPMI-IOSCO publishes discussion paper on CCP default auction processes

There are a number of management auctions processes central counterparty clearing houses (CCPs) need to consider when their participants default, according to a paper drafted by two global standard setters. 

BIS innovation hub rolled out to new locations in Europe and North America

The innovation hub run by the Bank for International Settlements (BIS) is to be extended to four new locations over the next two years, the organisation has said in a statement. 

FSB notes some delays in switching away from Libor due to Covid-19

The transition by firms to alternative interest rate benchmarks from the London interbank offered rate (Libor) is likely to have been temporarily disrupted by the Covid-19 pandemic, the Financial Stability Board (FSB) said in a statement. 

IOSCO outlines good practices for deference among regulators

In a bid to curb regulatory fragmentation and to foster international regulatory cooperation, the International Organization of Securities Commissions (IOSCO) has published 11 practices to encourage cross-border deference among regulators.

Richard Crecel

Experiences of previous crises could give clues to the scale of bank losses

With the global economy in the throes of a new crisis and with bad bank loans expected to pile up,  previous crises could still serve as a good guide as to how bad the damage will be even though this crisis is somewhat unique.