FIN.

FSB updates on market issues

FSB, in its latest plenary meeting, discussed:

  • current vulnerabilities in the global financial system;
  • developing a surveillance network for potential vulnerabilities;
  • areas where supervisory policies and practices might give rise to market fragmentation;
  • how TLAC has been implemented;
  • a draft report on the effect of regulatory reforms on SME financing, and agreed that the too-big-to-fail reforms should be evaluated;
  • current initiatives to address the risks from crypto assets;
  • an draft progress report on a toolkit of responses to cyber incidents;
  • the UPI and LEI development and global use; and
  • the impact of the continuing decline in correspondent banking.

Reports on several of these initiatives should be published over the summer.

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Emma Radmore