Tag Archives: FSB

FSB updates on compensation standards implementation

FSB has published a progress report on implementation of its compensation standards. The standards were published in 2009 in the immediate aftermath of the financial crisis. Now, almost all member jurisdictions have substantively implemented the principles and standards for banks. The key jurisdiction that has not fully implemented is South Africa. IOSCO has produced a […]

FSB updates on misconduct risk management

The Financial Stability Board has published a progress report for the G20 on its work plan to reduce misconduct in the financial sector. The plan includes: measures to strengthen governance frameworks – FSB is working on how compensation tools can be used to address misconduct actions to help authorities address misconduct risk – IOSCO published […]

FSB publishes report on action plan to address decline in correspondent banking

By way of update to the G20 leaders, the FSB published a report on its action plan to assess and address the decline in correspondent banking (CB). In November 2015, the FSB published a four point action plan to assess and address the decline in CB.  The four areas of focus were to: examine the dimensions and implication of […]

FSB issues a report on the financial stability implications from FinTech

The FSB has been analysing the potential financial stability implications from FinTech with a view to identifying supervisory and regulatory issues that merit authorities’ attention. In a Report released this week, the FSB identified ten areas, of which the following three are seen as priorities for international collaboration: the need to manage operational risk from […]

BoE looks at FinTech support

Mark Carney has spoken as the chair of the Financial Stability Board, looking at the potential FinTech has to make the financial system inclusive, effective, efficient and resilient.  He said that the true promise of FinTech comes from its potential to unbundle banking into its core functions – which are settling payments, performing maturity transformation, […]