FSB and IMF publish progress report on second phase of G20 Data Gaps Initiative. The Financial Stability Board announced that it and the International Monetary Fund published the Second Phase of the G20 Data Gaps Initiative (DGI-2): First Progress Report, which provides an update on work by participating countries and international organizations to address post-crisis data gaps and presents the action plans for each of the recommendations agreed for further work. (9/2/2016)
FSB publishes second progress report on measures to reduce misconduct risk. The FSB announced publication of its second report on progress in its workplan of Measures to reduce misconduct risk. The workplan covers examining whether reforms to incentives are having sufficient effect on reducing misconduct; improving global standards of conduct in the fixed income, commodities and currency markets; and reforming major benchmarks. (9/1/2016)
ISDA announces launch of ISDA SIMM. The International Swaps and Derivatives Association announced the live launch of the ISDA Standard Initial Margin Model, a methodology which assists market participants in calculating initial margin for non-cleared derivatives trades. (9/1/2016) ISDA press release.
OTC Derivatives Compliance Calendar. ISDA published an updated version of itsOTC Derivatives Compliance Calendar. (9/1/2016)
FSB reports to G20 Leaders on financial regulatory reforms. The FSB announced publication of a letter from Chair Mark Carney to G20 Leaders and the second annual report on the Implementation and Effects of the G20 Financial Regulatory Reforms. (8/31/2016)
Elements of Effective Macroprudential Policies published. The IMF, FSB and Bank for International Settlements announced the release of a new publication on Elements of Effective Macroprudential Policies. The document, which responds to a G20 request, takes stock of the international experience since the financial crisis in developing and implementing macroprudential policies and was presented to the G20 Leaders’ Summit in Hangzhou. (8/31/2016)
Basel Committee updates G20 Leaders on Basel III implementation. The Basel Committee on Banking Supervision published its report for the G20 Leaders on the implementation of Basel III regulatory reforms. The report summarizes the progress of member jurisdictions in adopting Basel III standards, the consistency of implementation in jurisdictions since the Committee’s last progress report, the progress of banks in bolstering their capital and liquidity positions, and the Committee’s implementation work plan. (8/29/2016) BIS press release.
Progress reports published on implementation of reforms to OTC derivatives market, removal of barriers to trade reporting. The FSB announced publication of two reports on the implementation of key aspects of reforms to the OTC derivatives market. The OTC Derivatives Market Reforms: Eleventh Progress Report on Implementation sets out progress on implementation of the reforms to the OTC derivatives market agreed by the G20, while the Report on FSB Members’ Plans to Address Legal Barriers to Reporting and Accessing OTC Derivatives Transaction Data provides a summary of FSB member jurisdictions’ planned actions to remove legal barriers to reporting complete transaction information to trade repositories and to authorities’ access to data held in trade repositories. (8/26/2016)
Progress report published to G20 on action plan to assess and address decline in correspondent banking. The FSB announced publication of its Progress report to the G20 on the FSB action plan to assess and address the decline in corresponding banking, which was submitted to the G20 Leaders’ Summit in Hangzhou on 4-5 September 2016, as requested by G20 Finance Ministers and Central Bank Governors in their communique following their July 2016 meeting in Chengdu. (8/25/2016)
IOSCO publishes final report on Good Practice for CIS Fees and Expenses to enhance market efficiency. The Board of the International Organization of Securities Commission announced publication of the final report on Good Practice for Fees and Expenses of Collective Investment Schemes in an effort to identify common international examples of good practice that can be applied to CIS fees and expenses. (8/25/2016)