Financial Stability Board (FSB)

Our evaluation aims to assess the extent to which the securitisation reforms implemented following the 2008 global financial crisis have achieved their financial stability objectives and to examine their broader effects. Share your views with us by 2 September 2024. Find out more: https://lnkd.in/esiE8qAp #FinancialStability #NonBanks #NBFI #Securitisation #RMBS #CLO

Join our virtual workshop on Thursday 22 August 13:00-15:00 CEST to find out more about the preliminary findings of our evaluation of the effects of the G20 financial regulatory reforms on securitisation. The event is open to all. Registration details are available here: https://lnkd.in/e3-c7tue

We want to hear your views on our proposed recommendations to promote greater alignment and interoperability in the data frameworks that apply to cross-border payments. The recommendations aim to mitigate unintended frictions that can arise from authorities’ differing mandates and approaches without compromising the underlying objectives of data frameworks. These objectives include preserving the security of transactions, meeting AML/CFT and sanctions compliance objectives, and protecting the privacy of individuals. The consultation ends on 9 September. Find out more: https://lnkd.in/eYkfYieD #CrossBorderPayments #Regulation #DataProtection #DataPrivacy #AML #CFT

A growing number of financial authorities have been considering the potential implications of nature-related risk, including degradation of nature and biodiversity loss. We are delivering to the G20 meeting in Rio a stocktake of regulatory and supervisory initiatives associated with the identification and assessment of nature-related financial risks. Our report provides insights on authorities’ approaches, recognising the early stage of work on nature- related financial risks and the diversity of authorities’ mandates. 🌐 https://lnkd.in/eWj2R3X2 #NatureRelatedRisks #BiodiversityLoss #ClimateChange #FinancialStability

We have published proposals to promote greater alignment and interoperability in the data frameworks that apply to cross-border payments and to promote greater consistency in the supervision and regulation of bank and non-bank providers of cross-border payments. Together, these recommendations will aid our goal to create faster, cheaper, more transparent and inclusive cross-border payments. Share your views with us. The consultations end on 9 September 2024. Find out more: 🌐 Recommendations to Promote Alignment and Interoperability Across Data Frameworks Related to Cross-border Payments: Consultation report https://lnkd.in/eYkfYieD 🌐 Recommendations for Regulating and Supervising Bank and Non-bank Payment Service Providers Offering Cross-border Payment Services: Consultation Report https://lnkd.in/evzqPe5X #CrossBorderPayments #Regulation

🌐 The #IAIS welcomed over 1,000 participants during our virtual #IAISGlobalSeminar2024 this week. If you could not join us or wish to revisit the sessions, the video replays are now available on our website. 🎥 🔷 The event commenced with a pre-recorded keynote address by Her Majesty Queen Máxima of the Netherlands in her capacity as the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA). Queen Máxima emphasised the significant role of #Insurance in fostering financial health and supporting #SustainableDevelopment, encouraging the IAIS to further work on financial inclusion and to centre considerations on consumers. 🔷IAIS leadership shared updates on our ambitious work programme, including our strategic themes of #ClimateRisk, #ConductAndCulture, #Digital innovation, #DEI, #FinancialInclusion and #OperationalResilience. The committee chairs also gave a glimpse into the future, outlining what's on the IAIS agenda for the next six months, notably the much-anticipated adoption of the Insurance Capital Standard in December. 🔷 Distinguished speakers joined our panels, exploring topical themes currently shaping the #InsuranceSector. They examined insurers’ #AssetManagement in a shifting #InterestRate environment and discussed the implications of #AI, including how supervisory tools can be used to address emerging risks from its deployment in the insurance sector. 🎥 Watch the replays: https://lnkd.in/emM58viC #IAIS2024 #IAISEvents #InsuranceSector #InsuranceIndustry #InsuranceNews

Legal Entity Identifiers (LEIs) play an important role in strengthening data standardisation, assisting and supporting straight-through processing of payments. Victoria Cleland's speech at our Global Conference on the Legal Entity Identifier, below, discusses the benefits of LEIs, and the actions that we can take to further drive adoption and use of LEIs. Read more about the G20 Cross-border payments roadmap on the FSB website. #G20 #CrossBorderPayments #LEI

We remain committed to promoting the use the Legal Entity Identifier (LEI) globally. Underpinning broader adoption of the LEI, particularly outside the financial sector, is the need to increase awareness of the LEI’s benefits, including in areas complementary to cross-border payments. As part of our efforts to promote its adoption, today, we held the Global LEI Conference in London, together with the Global Legal Entity Identifier Foundation (GLEIF) and the Regulatory Oversight Committee. Attendees discussed the potential benefits of the LEI, various initiatives underway to broaden its adoption and its use cases in cross-border payments. Read the conference’s keynote speech of Victoria Cleland, Executive Director for Payments, Bank of England: https://lnkd.in/e4PPFzck Read more about the G20 roadmap to enhance cross-border payments and the role of the LEI within that: https://lnkd.in/eBim9hiN #FinancialStability #LEI #LEIROC #CrossBorderPayments #G20

We’re excited to share our ongoing collaboration with the Financial Stability Board (FSB). Last week, we hosted a joint workshop focused on stress-testing, featuring insightful presentations from member authorities on stress testing OEFs and exploring their interconnections with the broader financial system. By sharing experiences and knowledge, we enhance our ability to monitor vulnerabilities in OEFs. This collaboration supports the implementation of the Revised FSB Recommendations 6 and 9, which focus on stress testing at both the individual fund and system-wide levels. Additionally, it aligns with IOSCO Recommendation 14, which emphasizes the importance of ongoing liquidity assessments in various scenarios, including fund-level stress testing. Thank you to the FSB for partnering with us on this important initiative. #IOSCO #LiquidityManagement #StressTesting #OEFs #GlobalCollaboration #FinancialStability

The complex structuring and multi-step distribution chains involved in certain securitisation structures in the run-up to the 2008 global financial crisis generated misaligned incentives between securitisation originators and investors. This led to weakened lending standards, amplifying a rapid and largely undetected build-up of leverage and maturity mismatches. A number of regulatory reforms have since been introduced to improve transparency, address conflicts of interest, strengthen the regulatory capital treatment for banks’ securitisation exposures by improving risk sensitivity and reducing cliff effects, and align incentives associated with securitisation. Our evaluation assesses the impact of these reforms. We want to hear your views on our preliminary findings. The consultation ends on 2 September 2024. Find out more: https://lnkd.in/esiE8qAp #FinancialStability #NonBanks #NBFI #Securitisation #RMBS #CLO