Following the Credit-Suisse-UBS merger, these measures include strengthening the G-SIB recovery and resolution framework and reinforcing the supervisory framework, invention powers and resources accorded to FINMA
Source: assetservicingtimes.com
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MAS chief Ravi Menon retires
The Monetary Authority of Singapore (MAS) announced today that the President of the Republic of Singapore has appointed Mr Chia Der Jiun as Managing Director (Designate), MAS from 1 November 2023 to 31 December 2023, and as Managing Director, MAS from 1 January 2024 to 31 May 2026.
Source: finextra.com
Nellie Liang becomes the new chair of the FSB Standing Committee on Assessment of Vulnerabilities, with Ryozo Himino heading the Standing Committee on Standards Implementation
Source: assetservicingtimes.com
The international architecture for financial regulation
International co-operation is a key factor for economic development. Hence, compliance with international and regional standards is key to the sustainable growt
Source: timesofmalta.com
FSB Publishes Peer Review On Out-Of-Court Corporate Debt Workouts
<p><span>The Financial Stability Board (FSB) published today a </span><a href="https://www.fsb.org/2022/05/thematic-review-on-out-of-court-corporate-debt-workouts/">Thematic Review on Out-of-Court Corporate Debt Workouts</a><span>. The objective of the peer review is to support COVID-19 response and recovery efforts by examining FSB member jurisdictions’ practices, experiences and lessons from out-of-court workouts as a less costly and more flexible alternative to full, formal insolvency proceedings.</span></p>
Source: mondovisione.com