Global Regulators

FSB report on governance frameworks and misconduct risks. The FSB issued a report that contains the findings of its review of efforts underway by international bodies, national authorities, industry associations and firms on the use of governance frameworks to address misconduct risk. The report also sets out the FSB’s next steps in this area, including additional study of responsibility mapping, culture, and effective employee screening and due diligence. (5/23/2017) FSB press release. 

FSB report finds opportunities and risks in FinTech credit. The FSB and the Committee on the Global Financial System published a report that examines the nature of FinTech credit as well as associated risks and opportunities. The report found that FinTech credit markets are growing at a fast pace and business models and investor profiles vary widely across countries. (5/22/2017) FSB press release. 

IOSCO emphasizes building securities market resilience at annual conference. The International Organization of Securities Commissions held its annual public conference on May 17, 2017. The conference discussions focused on the challenges of strengthening market resilience, addressing financial misconduct and financing the real economy through capital markets. (5/17/2017) IOSCO press release. 

FSB Regional Consultative Group for the MENA meeting. The FSB summarized the discussions of its Regional Consultative Group for the Middle East and North Africa at its meeting on May 15, 2017. The areas of focus for the group included regional macroeconomic, financial market, and financial stability developments; banking supervision issues; and correspondent banking and its impact on financial inclusion. (5/15/2017) FSB press release. 

FSB reports on shadow banking trends and risks. The FSB released the Global Shadow Banking Monitoring Report 2016, which contains the results of its sixth annual monitoring exercise to assess global trends and risks in the shadow banking system.  (5/10/2017) FSB press release.