FSI Publishes Executive Summaries on Latest Regulatory Standards
The Financial Stability Institute (FSI) of BIS launched a publication series called Executive Summaries for the general public. These are concise and accessible notes covering the main financial regulatory and supervisory standards for banks and insurers. The seven Executive Summaries that have been published offer an overview of Basel III and related post-crisis reforms, IRRBB's Pillar 2 standardized framework, revised market risk framework, total loss-absorbing capacity, assessment methodology for global systemically important insurers (G-SIIs), capital adequacy for G-SIIs, and systemic risk from insurance product features.
These Executive Summaries can be used as a quick reference to understand the relevant standards and frameworks in key areas. FSI Chair Fernando Restoy indicated that these documents "can foster the general public's knowledge of the main features of the financial regulatory and supervisory standards." In this regard, BIS General Manager Jaime Caruana added, "The FSI Executive Summaries will contribute to a better understanding of the substantive reforms that have taken place following the global financial crisis." New Executive Summaries will be posted on this page in line with the global financial regulatory bodies' work program. The FSI was jointly created by the BIS and the BCBS to assist supervisors around the world in improving and strengthening their financial systems.
Related Link: FSI Executive Summaries
Keywords: International, FSI, Regulatory Standards, Executive Summaries, Banking, Insurance, BCBS
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