19 September 2014

Stuart Clark

Stuart Clark - Impendium Systems

272 | posts 352,830 | views 0 | comments

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

FSB to publish report on sharing derivative data

08 May 2014  |  1335 views  |  0

The Chairman of the Financial Stability Board (FSB), Dr Mark Carney, has written to the G20 Finance Ministers and Central Bank Governors  providing an update on financial reforms. The letter summarises the progress so far in completing the programme of reform for the G20 Brisbane summit (which will take place in November), looks ahead to plans for implementation beyond Brisbane and summarises the initial findings of an FSB review of the representation of jurisdictions on the FSB.

The priorities for completing reforms by the Brisbane summit are:

  • ending too big to fail: including gone-concern loss-absorbing capacity, cross-border resolution actions and other measures;
  • transforming shadow banking; and
  • making derivatives markets safer.

In respect of making derivatives markets safer he indicated that the following would be published ahead of the Brisbane Summit:

  • In May – a report on approaches to aggregating and sharing derivatives data amongst authorities.  It is crucial that the data becomes available under the new trade repository rules to regulators to monitor financial stability;
  • In September – a report on established processes in each jurisdiction to enable deferral to the OTC derivative rules of others where these achieve similar outcomes; and
  • In September and November - further reports from the OTC Derivatives Regulators Group on identified cross-border implementation issues.

Related link:
http://www.financialstabilityboard.org/publications/r_140411.pdf

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Stuart

FSB to publish report on sharing derivative data

08 May 2014  |  1335 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

BCBS publishes capital standard for bank exposures to CCPs

07 May 2014  |  2750 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

EIOPA chair calls for extended powers of inquiry

06 May 2014  |  697 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

EC consults on the definition of FX financial instruments

02 May 2014  |  1226 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

ESAs issue RTS for non-centrally cleared OTC derivatives

01 May 2014  |  998 views  |  0  |  Recommends 0 GroupFinancial Services Regulation
name

Stuart Clark

job title

Product Development Director

company name

Impendium Systems

member since

2012

location

London

Summary profile See full profile »
Co-founded Impendium in 2006. Previously head of Client Services for Deutsche Banks top 100 cust...

Stuart's expertise

What Stuart reads
Stuart writes about

Who is commenting on Stuart's posts

Horst Simon