FSB announces review on policy framework for shadow banking: FSB has published a summary of the terms of reference for a review of its high-level policy framework for non-bank financial entities other than money market funds. It developed the framework in 2013 and now plans to review how its member jurisdictions have implemented the overarching policy. It will do this by means of a questionnaire and then asking for industry and public feedback. It will be considering whether all relevant activities would currently be captured by the framework, what information allows regulators to assess the risks and how to enhance public disclosure of risks and mitigate financial stability risks that result from the activities. FSB aims to report in early 2016. (Source: FSB Announces Shadow Banking Framework Review)