Featured Product

    FSB Issues Reporting Guidelines for Securities Financing Transactions

    March 05, 2018

    FSB issued detailed reporting guidelines for implementing the November 2015 FSB Global Securities Financing Data Standards. This document includes the main aspects of the FSB securities financing data collection (for example, scope, frequency, reporting deadlines), data template for national/regional authorities to report to the global aggregator, the codes for classification, and some Annexes aimed to help data reporting/processing and improve data quality. The reporting guidelines will be further updated as needed.

    The document starts with an overview of the reporting guidelines where measures (as main information being collected) and characteristics (used in classification of measures) are briefly defined. Temporal aspects of the data are also described here. The next section describes the reporting guidelines in details, including dimensions that characterize the measures. Each dimension is briefly described and linked to data elements defined in the November 2015 Global Securities Financing Data Standards. The Standards provide a table for each data element with a code-list that should be used in reporting and set out the rules that should be met for successful validation of the reported data. The last section defines the procedures that are used in validation of the reported data. Annex 1 defines the reporting template. Annex 2 shows which set of tables should be reported by each national/regional authority and will be finalized once it is clarified which national/regional authority provides the data for each jurisdiction. Annex 3 illustrates the coverage of securities financing transactions (SFTs) that should be included in SFT reporting. Annex 4 illustrates how example of transactions from the November 2015 Global Securities Financing Data Standards should be reported while following these guidelines.

    FSB, in November 2015, had published the Standards and Processes for Global Securities Financing Data Collection and Aggregation. The Standards and Processes build on policy recommendations to address financial stability risks in Securities Financing Transactions, which were published in August 2013. The November 2015 securities financing data standards would allow FSB to collect, from national/regional authorities, aggregated data on repos, securities lending, and margin lending, based on consistent definitions and minimal double-counting at the global level. To assess global trends and risks, FSB will further aggregate and analyze the total national/regional data submitted by the member jurisdictions. BIS will provide operational support for the collection and potential dissemination of aggregated securities financing data, serving as the global data aggregator.

     

    Related Links

    Keywords: International, Securities Financing Transactions, Data Standards, Reporting, FSB

    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 5992