Featured Product

    FSI Chair Outlines Future Strategy of the Institute

    March 27, 2019

    Fernando Restoy, Chairman of the Financial Stability Institute (FSI) of BIS, spoke at the 20th anniversary conference of FSI. He briefly reviewed key achievements in the FSI history and discussed the ongoing work and the priorities in the years to come. Fernando Restoy highlighted that FSI has been constantly adapting to the needs of the financial supervisory community, with the aim to contribute to the financial stability mission of BIS.

    Mr. Restoy mentioned that financial sector authorities must now pursue a wider range of policy goals. In addition to safeguarding financial stability and market integrity, supervisors are often expected to contribute to other objectives, such as competition, technological innovation, or financial inclusion. All of these add complexity to their role, thus increasing the demand from central banks and supervisory authorities for capacity-building. In this new world, it was felt that there's a need to adjust both the services and products offered by FSI and the way it interacts with its main stakeholders, basically the supervisory community.

    He added that FSI will be guided by the Innovation BIS 2025 Strategy, as approved by the Board of Directors of BIS last November. BIS 2025 provides that the core business of FSI will continue to be support for the implementation of global financial standards and for the adoption of sound policies in the new institutional, regulatory, and technological environment. The following main initiatives are part of the strategy:

    • Playing a more active role in addressing regulatory and supervisory developments related to technology and innovation. To this end, FSI will be creating a repository of technology-related regulatory developments and it will further develop a recently created informal network of experts on enhancing supervisory work through technology.
    • Providing support for financial crisis management through a library of previous crisis episodes and the coordination of exercises that test the performance of existing crisis management frameworks in a cross-border context.
    • Continuing to expand FSI Insights series with new comparative studies on regulatory and supervisory approaches and a special focus on technology and crisis management.
    • Expanding the offering of online training courses to cover more advanced topics and cross-sectoral themes such as fintech and cyber-security.

     

    Related Link: Speech

     

    Keywords: International, Banking, Fintech, Financial Stability, Regulation and Supervision, Crisis Management, FSI, BIS

    Related Articles
    News

    BCBS Amends Capital Treatment of Non-Performing Loan Securitizations

    BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.

    November 26, 2020 WebPage Regulatory News
    News

    BoE to Move Statistical Data Collection to BEEDs Portal

    BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.

    November 25, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Standards and Guidance for EFS Data Collection

    APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.

    November 24, 2020 WebPage Regulatory News
    News

    EC Consults on Criteria for Environmentally Sustainable Activities

    EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.

    November 20, 2020 WebPage Regulatory News
    News

    IFRS Examines Incorporation of Climate Risk Issues into IFRS Standards

    The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.

    November 20, 2020 WebPage Regulatory News
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6162