Featured Product

    FSB Publishes Responses to Consultation on Evaluation of TBTF Reforms

    June 27, 2019

    FSB published ten responses to the call for public feedback on the evaluation of too-big-to-fail, or TBTF, reforms for systemic banks. On May 23, 2019, FSB had published a call for feedback and a reference document, known as summary terms of reference, detailing the objectives, scope, and process of the evaluation of too-big-to-fail reforms. Feedback, including evidence in support of the responses, was to be submitted by June 21, 2019. FSB will consider the feedback it has received while preparing its draft report, which will be issued for public consultation in June 2020. The final report will be published by the end of 2020.

    The evaluation, which is being conducted by a working group chaired by Claudia Buch (Vice-President of Deutsche Bundesbank), will assess whether the implemented reforms are reducing the systemic and moral hazard risks associated with the systemically important banks. It will also examine the broader effects of the reforms to address too-big-to-fail (for systemically important banks) on the overall functioning of the financial system. FSB had invited feedback—from banks, other financial institutions, academics, think tanks, industry, and consumer associations—on the following issues:

    • To what extent are too-big-to-fail reforms achieving their objectives, as described in the terms of reference? Are they reducing the systemic and moral hazard risks associated with systemically important banks?
    • Which types of too-big-to-fail policies (for example: higher loss absorbency, total loss-absorbing capacity, more intensive supervision, resolution and resolvability) have had an impact on systemically important banks and how? 
    • Is there any evidence that the effects of these reforms differ by type of bank (for example: global vs. domestic systemically important banks)?
    • What have been the broader effects of these reforms on financial system resilience and structure, the functioning of financial markets, the global financial integration, or the cost and availability of financing?
    • Have there been any material unintended consequences from the implementation of these reforms to date?
    • Any other issues related to the effects of too-big-to-fail reforms that have not been covered in the questions above.

     

    Related Links

    Keywords: International, Banking, Too Big to Fail, Systemic Risk, TLAC, Resolution, Crisis Management, Responses to Consultation, FSB

    Featured Experts
    Related Articles
    News

    HM Treasury Publishes Policy Statement Amending Benchmarks Regulation

    HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.

    October 21, 2020 WebPage Regulatory News
    News

    PRA Consults on Implementation of Certain Provisions of CRD5 and CRR2

    PRA published the consultation paper CP17/20 to propose changes to certain rules, supervisory statements, and statements of policy to implement elements of the Capital Requirements Directive (CRD5).

    October 20, 2020 WebPage Regulatory News
    News

    US Agencies Finalize Rule to Reduce Impact of Large Bank Failures

    US Agencies adopted a final rule that applies to advanced approaches banking organizations and aims to reduce interconnectedness in the financial system as well as to reduce contagion risks associated with the failure of a global systemically important bank (G-SIB).

    October 20, 2020 WebPage Regulatory News
    News

    US Agencies Finalize Rule on Net Stable Funding Ratio Requirements

    US Agencies (FDIC, FED, and OCC) adopted a final rule that implements the net stable funding ratio (NSFR) for certain large banking organizations.

    October 20, 2020 WebPage Regulatory News
    News

    FSB Sets Out Effective Practices for Cyber Incident Recovery

    FSB finalized the toolkit of effective practices to assist financial institutions in their cyber incident response and recovery activities.

    October 19, 2020 WebPage Regulatory News
    News

    ECB Publishes Eleventh Issue of the Macroprudential Bulletin

    ECB published eleventh issue of the Macroprudential Bulletin, which provides insight into the ongoing work of ECB in the field of macro-prudential policy.

    October 19, 2020 WebPage Regulatory News
    News

    HM Treasury Seeks Views on Review of Solvency II Regime for Insurers

    HM Treasury issued a call for evidence seeking views to reform the prudential regulatory regime—also known as Solvency II—of the insurance sector in UK.

    October 19, 2020 WebPage Regulatory News
    News

    ESRB Responds to EC Consultation on Review of Solvency II

    ESRB responded to the EC consultation on review of Solvency II regime.

    October 19, 2020 WebPage Regulatory News
    News

    HM Treasury Consults on Phase II of Future Regulatory Framework Review

    HM Treasury launched a consultation on Phase II of the Future Regulatory Framework Review, with the comment period ending on January 19, 2021.

    October 19, 2020 WebPage Regulatory News
    News

    EC Publishes Work Program for 2021

    EC adopted the work program for 2021.

    October 19, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5991