Events listed in World Wide
Capital Markets
consultation
IOSCO establishes global approach to address risks in Decentralised Finance
ID 24865
IOSCO, the global standard setter for securities markets, has recently issued a Consultation Report consisting of nine policy recommendations. These recommendations are aimed at addressing market integrity and investor protection concerns arising from the growing field of DeFi. DeFi encompasses various financial products, services, and activities that utilize distributed ledger or blockchain technologies, including smart contracts. It seeks to **decentralize traditional finan ...
FSB and IMF outline comprehensive approach to identify and respond to macroeconomic ...
ID 24858
The IMF-FSB Synthesis Paper on Policies for Crypto-Assets outlines a comprehensive approach to identifying and responding to macroeconomic and financial stability risks associated with crypto-assets. The FSB, mandated by the G20, is responsible for coordinating the development of regulatory and supervisory policies to ensure robust oversight of crypto-asset activities while supporting responsible innovation. **The IMF and the FSB have put forth policy and regulatory ...
The Financial Stability Implications of Leverage in Non-Bank Financial ...
ID 24846
The present report titled „The Financial Stability Implications of Leverage in Non-Bank Financial Intermediation“ delves into the critical issues surrounding leverage within the NBFI sector and its potential implications for financial stability. Leverage, which is employed to increase exposure or returns, can pose systemic risks if not properly managed. It can propagate strains through the financial system, leading to disruptions and stress amplification. This ...
Enhancing the Resilience of Non-Bank Financial Intermediation: Progress report
ID 24843
The present „Enhancing the Resilience of Non-Bank Financial Intermediation (2023 Progress Report)“ outlines the efforts made by the FSB and other international organizations to improve the resilience of NBFI. NBFI has become increasingly vital, representing nearly half of global financial assets, necessitating a focus on its stability to support the real economy. **The FSB initiated a comprehensive NBFI work program following the lessons learned ...
Wolfsberg EBA CP202311 Consultation Response
ID 24768
EBA has released revised Guidelines on ML/TF risk factors (EBA/CP/2023/11). These guidelines extend to all credit and financial institutions, aiming to include CASPs within the scope of the Guidelines, and emphasizing the importance of addressing ML/TF risks uniformly across the industry. EBA is seeking to establish regulatory expectations for CASPs to effectively identify and mitigate ML/TF risks, considering the unique characteristics of crypto assets ...
FSB invites feedback on the effects of G20 financial regulatory reforms on ...
ID 24766
The FSB has called for feedback on the impact of G20 financial regulatory reforms on the securitisation market. These reforms were initiated in response to the 2008 global financial crisis and aimed to address issues related to information asymmetries and incentives in securitisation markets. The reforms encompassed several key aspects, including increased capital requirements for banks in relation to their securitisation-related exposures, **improvements in ...
Asset Management
report / study
CPMI and IOSCO report highlights the need for central counterparties to have ...
ID 24712
The Bank for International Settlements‘ CPMI and IOSCO have jointly released a report addressing central counterparty practices for handling NDLs. The report emphasizes the importance of CCPs having adequate resources and appropriate tools to manage NDLs. In August 2022, CPMI and IOSCO initiated a discussion paper on central counterparty practices for NDLs entitled „Discussion paper on central counterparty practices to address non-default losses. The ...
Wolfsberg Group Response to FATF Consultation relating to Non-Profit Organisations
ID 24680
The Wolfsberg Group, in response to the FATF’s public consultations, has expressed its feedback on the revisions to R.8/INR.8 and the BPP concerning NPOs and their vulnerability to terrorist financing abuse. The Group welcomes the revisions aimed at implementing a risk-based approach, recognizing the diversity in the risk profiles of NPOs. Concerning the placement of example measures in INR.8, they argue that their removal ...
Thematic Peer Review on Money Market Fund Reforms: Summary Terms of Reference and ...
ID 24642
The FSB is currently engaged in a thematic peer review focused on reforms related to MMFs. This review aims to assess the progress made by FSB member jurisdictions in addressing vulnerabilities within their domestic MMF markets. The initiative is a response to the 2021 FSB policy proposals and involves a comprehensive examination of the evidence-based explanations provided by member jurisdictions regarding MMF vulnerabilities and ...
Consolidated assessment ratings | Mutual Evaluations of Benin, Buthan, Burkina ...
ID 24577
The FATF has published its latest updates to its Consolidated assessment ratings together with the publications of Mutual Evaluation Reports of Benin, Buthan, Burkina Faso, Brunei, Côte d’Ivoire, Laos & Liberia on progress in strengthening measures to tackle money laundering and terrorist financing. The updated Consolidated assessment ratings provide an **up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with the ...