FSB Publishes Responses to a Consultation Related to OTC Derivatives
FSB published responses to the consultation on evaluation of the effects of G20 financial regulatory reforms on the incentives to centrally clear over-the-counter (OTC) derivatives. FSB, BCBS, CPMI, and IOSCO had launched this consultation on August 07, 2018 and the consultation closed on September 07, 2018. FSB expects to publish the final evaluation report in November 2018, along with a summary on how FSB has responded to consultation responses.
This was the second evaluation under the FSB framework for the post-implementation evaluation of the effects of G20 financial regulatory reforms. The report identified reform areas that may merit consideration by the relevant standard-setting bodies. The findings from the report will inform relevant standard-setting bodies about any subsequent policy efforts and potential adjustments, keeping in mind the original objectives of the reforms. The final responsibility for deciding whether and how to amend a particular standard or policy remains with the body that is responsible for issuing that standard or policy. FSB expects to publish the final evaluation report in November 2018, along with a summary on how FSB has responded to consultation responses.
Keywords: International, Banking, Securities, OTC Derivatives, Central Clearing, Regulatory Reforms, Reponses to Consultation, FSB/BCBS/CPMI/IOSCO
Previous ArticlePRA Releases New and Updated Versions of PRA 110 LMM Tool
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.
MFSA Sets Out Supervisory Priorities, Issues Reporting Updates
The Malta Financial Services Authority (MFSA) outlined its supervisory priorities for 2023
German Regulators Issue Multiple Reporting Updates for Banks
Deutsche Bundesbank published the nationally deactivated validation rules for the German Commercial Code (HGB) users on the taxonomy 3.2, which became valid from December 31, 2022
BCBS Report Examines Impact of Basel III Framework for Banks
The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.
PRA Consults on Prudential Rules for "Simpler-Regime" Firms
Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.