Community
The Financial Stability Board (FSB) met on 24 June to discuss “vulnerabilities affecting the global financial system and progress in authorities’ work to strengthen global financial regulation.” The progress in the implementation of reforms to OTC derivatives markets was also discussed. It was agreed that global aggregation of trade repository data is essential to enable comprehensive monitoring of risks to financial stability. A feasibility study has been launched into the options for aggregating information from trade repositories to share this amongst authorities. The results will be published in the first half of 2014.
The FSB also welcomed progress on the development of international standards for margining requirements for non-centrally cleared derivatives trades and capital requirements related to exposures to central counterparties by BCBS and IOSCO.
Related Link:
http://www.financialstabilityboard.org/press/pr_130625.pdf
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Galong Yao CGO at Bamboodt
08 July
Alex Kreger Founder and CEO at UXDA Financial UX Design
07 July
Anjna McGettrick Global Head of Strategy Implementations at Onnec
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.