30 July 2016

44975

Retired Member

1,901Posts 6,088,738Views 2,105Comments
Finextra community

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  |  1904 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)

Latest posts from Retired

Content Marketing to promote your App

16 May 2016  |  6107 views  |  0 comments | recomends Recommends 1 TagsMobile & online

Crypto-Finance will transform financial services!

11 May 2016  |  2481 views  |  0 comments | recomends Recommends 4 TagsBlockchainPayments

Marketing your App using Social Media

21 April 2016  |  3256 views  |  0 comments | recomends Recommends 0 TagsMobile & online

2 easy ways to use Google AdWords in your app marketing strategy

15 April 2016  |  3755 views  |  2 comments | recomends Recommends 0 TagsMobile & online

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

What Retired reads
Retired writes about

Who's commenting on Retired's posts

Graham Seel
Ketharaman Swaminathan
Gerard Hergenroeder
Konstantin Rabin
Matt Schofield
Anna Robert
Steve Patel
Aparty Behera
Karim Maalouf
Brendan Burge
Stephen Hart
Paul Zaman