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
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
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
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
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
Financial institutions and industry groups have told the Financial Stability Board they need more detailed guidance on resolution for central counterparties (CCPs), warning that a lack of specific guidance could lead to “significant differences in CCP resolution regimes across jurisdictions”.
24 August 2020
The Financial Stability Board has told clearing houses they should prepare for a range of new loss scenarios, after an alliance of banks called for regulatory action to improve their safety.
05 May 2020
The Financial Stability Board (FSB) has called on regulators to treat global stablecoins under a “same business, same risks, same rules” approach.
15 April 2020
Regulators around the world are delaying long-planned reforms, cancelling stress tests and reducing or eliminating capital buffer requirements as financial institutions grapple with the economic impact of the Covid-19 outbreak.
20 March 2020
South Africa’s reforms of bank resolution and deposit insurance show the country is making headway, but it must add further details to ensure successful implementation, the Financial Stability Board has said.
20 March 2020
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