FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back’, says John Schindler
The Financial Stability Board published eight “high-level principles” to guide the process of regulatory “modernisation” today (October 14), as it tries to ensure widespread regulatory reviews worldwide are coherent and do not undermine resilience.
Alongside the principles, the report includes the results of a stocktake of modernisation practices across 24 jurisdictions, which yielded 126 examples of how authorities have been reviewing and reforming their regulation and supervision.
In a separate
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
Stablecoins could let US firms prioritise some creditors – study
FDIC may be on hook if a bank issues coins before failing, Cleveland Fed researchers say
FSB calls for ‘urgent action’ on public liquidity backstops
Many jurisdictions at risk of having to ‘improvise under pressure’, report says
As NBFI sector grows, so do its risks and benefits – Knot
Former FSB chair discusses implications of sector’s increasing dominance
Kansas City Fed warns of long-term AI financing risks
Highly leveraged entities may cause financial stress to spill over to broader economy
IMF flags gaps in Somalia’s financial reform efforts
Fund notes progress, but says central bank should go further to safeguard stability
Divergence from global cycles gives Asia policy room – Amro
Change may allow Asean+3 central banks to focus on domestic rather than global conditions, report says
BIS’s Hernández de Cos on AI, non-bank risk and tokenisation
General manager talks about how the BIS is navigating a complex global environment