More Work Is Needed To Make Big Banks Resolvable – Analysis eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
<p><span>The Financial Stability Board (FSB), the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements and the International Organization of Securities Commissions (IOSCO) have today published a </span><a href="https://www.iosco.org/library/pubdocs/pdf/IOSCOPD697.pdf" target="_blank">report</a><span> analysing existing financial resources and tools for central counterparty (CCP) recovery and resolution, which confirmed the need for further work on CCP financial resources.</span></p>
<p><span>The Financial Stability Board (FSB) has appointed Martin J. Gruenberg, Acting Chairman of the US Federal Deposit Insurance Corporation (FDIC), as Chair of the FSB’s Resolution Steering Group (ReSG), effective 15 February 2022.</span></p>
<p><span>The Financial Stability Board (FSB) today published a </span><a href="https://www.fsb.org/2021/12/bail-in-execution-practices-paper/">Practices Paper on the Execution of Bail-in</a><span>.</span></p>
RIYADH: The G20's Financial Supervisory Board (FSB) has appointed the Saudi Central Bank Governor Fahd Al-Mubarak as chair of the Standing Committee on Standards Implementation (SCSI), SPA reported. This came during the FSB's general session virtual meeting on Monday. The SCSI conducts peer reviews for members of the FSB, encourages global adherence to international financial
<p><span>The Financial Stability Board, at its Plenary virtual meeting on 18 October, appointed the chairs of two of its Standing Committees and the Resolution Steering Group, following the completion of the previous chairs’ terms:</span></p>
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Recent UK and EU regulatory developments of interest to financial institutions and markets. Also check our Financial institutions general regulatory news of broader application in the Related Materials links.
Contents
IBA publishes GBP SONIA Spread-Adjusted ICE Swap Rate beta settings
Global perspective on derivatives regulation: IOSCO speech
EU SSR: ESMA proposes permanently lowering reporting threshold of net short positions
The European Securities and Markets Authority (ESMA) has published an opinion in which it recommends that the European Commission permanently lowers the threshold to notify net short positions on shares to national competent authorities (NCAs), under Article 5(2) the Short Selling Regulation, from 0.2% to 0.1%.
MIL-OSI USA: Quarles, The FSB in 2021: Addressing Financial Stability Challenges in an Age of Interconnectedness, Innovation, and Change foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Brexit
Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January.
Capital Markets
Please see the Markets and Markets Infrastructure section for a speech by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union on future regulatory developments.
Consumer / Retail
Please see the Markets and Markets Infrastructure section for a statement by Steven Maijoor, ESMA Chair, to the EP’s Economic and Monetary Affairs Committee relating to GameStop share trading and related phenomena.
FCA finalised guidance for firms on the fair treatment of vulnerable customers