IOSCO Report on Implementing FSB Recommendations on Securities Markets
IOSCO published report on implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets. This implementation report was prepared by IOSCO’s Assessment Committee and is designed to provide further clarity on the recommendations and the role of securities market regulators in overseeing how these recommendations are implemented.
For this report, IOSCO has coordinated with FSB to analyze responses to securities-related recommendations in the five reform areas—that is, hedge funds; structured products and securitization; oversight of credit rating agencies (CRAs); measures to safeguard the integrity and efficiency of markets; and commodity derivative markets. IOSCO also coordinated with FSB to analyze responses to FSB’s 2017 Implementation Monitoring Network survey. The IOSCO Implementation Monitoring Report finds that most responding jurisdictions have taken steps to implement the G20/FSB recommendations and IOSCO guidance in each of the designated areas.
The report provides additional insights and analysis on the status of implementation of reforms in each of the five reform areas based on self-reporting by national authorities in FSB jurisdictions. Implementation is most advanced with respect to hedge funds, structured products and securitization, and the oversight of CRAs. In the area of safeguarding the integrity and efficiency of markets, where progress in implementation has lagged, jurisdictions reported that they have undertaken some work to harmonize and strengthen their rules. Given the focus of the post-crisis recommendations on strengthening financial stability, this exercise is consistent with IOSCO’s core objective of reducing systemic risk, in addition to the other two core objectives of protecting investors and ensuring fair, efficient, and transparent markets.
Related Link: Implementation Report (PDF)
Keywords: International, Securities, Hedge Funds, Structured Products, Securitization, CRA, Commodity Derivatives, Implementation Report, FSB, IOSCO
Previous Article
OCC Proposes Revisions to DFAST Regulatory Reporting RequirementsRelated Articles
|
News
EBA Report Assesses Regulatory Framework for Fintech ActivitiesEBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.
July 18, 2019
WebPage
Regulatory News
|
|
News
OSFI Revises Capital Requirements for Operational Risk for BanksOSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.
July 18, 2019
WebPage
Regulatory News
|
|
News
OSFI Consults on Revised Principles for Management of Liquidity RiskOSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.
July 18, 2019
WebPage
Regulatory News
|
|
News
ESMA Guidance on Disclosures for Credit Rating Sustainability IssuesESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.
July 18, 2019
WebPage
Regulatory News
|
|
News
FASB Issues Q&A on Estimation of Expected Credit Losses by FirmsFASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”
July 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Delay Enforcing Volcker Rule Restrictions on Foreign FundsUS Agencies (FDIC, FED, and OCC) announced that they will not take action related to restrictions under the Volcker Rule for certain foreign funds for an additional two years.
July 17, 2019
WebPage
Regulatory News
|
|
News
SRB Announces SRF Receives Cash Injection, Grows to EUR 33 billionSRB announced that the Single Resolution Fund (SRF or the Fund) received a cash injection of EUR 7.8 billion from 3,186 institutions in 2019, bringing the total amount in the Fund to about EUR 33 billion.
July 17, 2019
WebPage
Regulatory News
|
|
News
FASB to Propose to Delay CECL Compliance Deadline for Certain EntitiesFASB published a summary of the tentative decisions taken at its Board meeting in July 2019.
July 17, 2019
WebPage
Regulatory News
|
|
News
IMF Publishes Report on 2019 Article IV Consultation with VietnamIMF published its staff report in context of the 2019 Article IV consultation with Vietnam.
July 16, 2019
WebPage
Regulatory News
|
|
News
European Parliament Elects Next President of European CommissionEuropean Parliament elected Ursula von der Leyen from Germany as the first female President of the next European Commission for a five-year term from November 01, 2019.
July 16, 2019
WebPage
Regulatory News
|
