Topic: Financial Stability Board

Fed’s Quarles resigning

Federal Reserve governor Randal Quarles is set to step down from the regulator’s board at year end, as US president Joe Biden continues to mull the reappointment of the central bank’s chair Jerome Powell.

10 November 2021

FSB official casts doubt on functionality of G20 reforms during pandemic

The Financial Stability Board’s secretary general Dietrich Domanski has said the pandemic has shown that certain elements of the post-financial crisis reforms may not be working as intended and “warrant further examination”.

22 July 2021

Investors should pay for MMF redemptions, say FSB proposals

The Financial Stability Board has proposed an overhaul of regulators’ approach to money market funds, calling for investors to pay to redeem funds, after a report into large panicked redemptions at the outset of the covid-19 crisis.

05 July 2021

FCA pushes to net zero in climate disclosure plans

Issuers of listed securities and asset managers will need to make climate disclosures under new FCA proposals, seeking to bring financial regulation in line with the UK’s 2050 net-zero goal.

24 June 2021

Stablecoins must be regulated like banks, Bank of England says

Stablecoins must be heavily regulated – including potentially authorised as banks – the Bank of England has recommended, as it continues to explore potential for central bank digital currencies.

09 June 2021

A “culture of fear” over risk-taking: FSB calls for UK regulators to align on remuneration

UK regulators should better align their compensation frameworks to avoid creating a “a culture of fear” around proactive risk taking at banks, according to a new report from the Financial Stability Board.

15 April 2021

FSB warns of rising over-reliance on outsourcing

The Financial Stability Board has warned that over-reliance by banks on third party service providers poses a threat to financial stability, as one firm predicts a “major compliance exercise” to come.

19 November 2020

FSB finalises “more proportionate” cyber response toolkit

The Financial Stability Board has published a finalised cyber response toolkit, after critics said its earlier draft guide could prove to be a financial burden for smaller banks.

26 October 2020

G7 and FSB resist stablecoin pleas

The G7 economies have said that no global stablecoin should begin operations “until it is properly regulated”, after several financial technology companies and think-tanks urged the Financial Stability Board to alter its view of their risks.

14 October 2020

Hire suptech talent, FSB urges regulators

Regulators should focus on attracting talent that can develop tailored suptech tools, according to a new report from the Financial Stability Board.

12 October 2020

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