FSB has met to discuss progress in its ongoing workplan. Its key priorities include:

  • market liquidity and asset management: encouraging the appropriate stress testing by funds to assess their ability to meet redemptions under difficult market liquidity conditions, and reviewing the findings of the International Organisation of Securities Commissions (IOSCO) analysis on asset management structural vulnerabilities;
  • ending too-big-to-fail: analysing the impact assessments for total loss-absorbing capacity standard, endorsing the higher loss absorbency requirement for global systemically important insurers, and approving phase three of its initiative to collect data on global systemically important banks exposures and funding through a common data template;
  • shadow banking: agreeing the approach for applying the FSB framework of numerical haircut floors to non-bank-to-non-bank securities financing transactions for implementation in 2018, and reviewing the fifth annual global shadow banking monitoring exercise for publication by November;
  • derivatives: progress in implementing over-the-counter (OTC) derivative market reforms, stressing the importance of cross-border co-operation, and discussing a thematic peer review of OTC derivatives trade reporting;
  • implementation monitoring: reviewing the draft of its first annual report on implementation and effects of reforms to be presented to the Antalya G20 Summit;
  • progress on misconduct workplan: examining the role of incentives, corporate governance frameworks and regulatory enforcement, in reducing misconduct and reviewing other bodies’ reports and workplans; and
  • climate change and the financial sector: discussing possible financial stability risks and mitigants such as encouraging disclosure and exploring stress testing.