IOSCO consults again on assessment methodologies: IOSCO, jointly with FSB, has published Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions (NBNI G-SIFIs), for second public consultation. The proposed methodologies for identifying NBNI G-SIFIs complement the methodologies for identifying G-SIFIs that currently cover banks and insurers, and take into account responses received on the first consultative document issued on 8 January 2014. The revisions:

  • intend to capture different types of systemic impact posed by a wide range of business models and risk profiles, while being consistent with the existing assessment methodologies for Global Systemically Important Banks (G-SIBs) and Insurers (G-SIIs); and
  • overcome limitations in data availability and the wide variety of business models in the NBNI space, by allowing a greater role for supervisory judgement in the assessment compared to the G-SIB and G-SII methodologies by making use of detailed analysis conducted primarily by national authorities, supplemented by supervisory information-sharing and international coordination.

Consultation closes on 29 May. (Source: Proposed Assessment Methodologies for Identifying NBNI G-SIFIs)