FSB has reported on its plenary meeting held in Tokyo on 30 and 31 March. The issues discussed include:
- asset management and market liquidity risks: FSB hopes to launch a consultation in mid-2016 on policy recommendations to address structural vulnerabilities from asset management activities and then finalise the recommendations by the end of the year;
- transforming shadow banking into resilient market-based finance: FSB hopes to publish a progress report on implementation of its policy framework for the oversight and regulation of shadow banking entities in May; and
- strengthening the robustness of financial infrastructure: the plenary discussed the good progress being made on enhancing the resilience, recovery and resolution of central counterparties (CCPs). By the end of 2016, FSB intends to publish a consultation on standards or guidance on resolution issues relating to CCPs.
(Source: FSB updates on plenary discussions)