Financial Stability Board

Feedback on the input provided by the European Parliament as part of its resolution on the ECB’s Annual Report 2022

Retrieved on: 
Giovedì, Aprile 18, 2024
Crypto, European banking union, Governance, Exercise, TARGET, Ciccarelli, Single, Climate, OJ, Ethics, Carbon, ECRB, Parliament, Council, European Systemic Risk Board, European Commission, Paris Agreement, Television, Annual, Letter, Speech, Employment, Social, ESRB, Euro, Prejudice, FSB, AML, ECB, Blog, Risk, ESCB, Committee, NGFS, Policy, Woman, Suggestion, Radio, GDP, Privacy, Weather, Person, Climate change, Communication, Digital, Intelligence, Economic and monetary union, SSM, Bias, Knowledge, Mentorship, EMU, Commission, Economy, Publication, Annual report, Financial Action Task Force, Orientation, Nickel, NPL, European Central Bank, Uncertainty, Financial Stability Board, Conference, NCBS, Treaty, Growth, Financial system, Central bank, European Parliament, Network, Natural Resources, COVID-19, Terrorism, Bank, Female, IMF, Multi-function printer, Recreation, Memorandum, Data, AMLA, Security printing

Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.

Key Points: 
  • Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.
  • Our work aims to enhance data transparency in climate change analysis, while informing monetary policy, financial stability and banking supervision.
  • The indicators we have developed focus on the euro area financial sector and are built from harmonised granular datasets.

Piero Cipollone: One step ahead: protecting the cyber resilience of financial infrastructures

Retrieved on: 
Venerdì, Gennaio 19, 2024
Social media, European Systemic Risk Board, Frankfurt, Reproduction, Awareness, Gaps, National Cyber Security Centre, Communication, Environment, Risk management, Disclosure, ECRB, Artificial intelligence, European Parliament, Crime, European, Financial Times, AI, Review, Commercial bank, Methodology, National, Research, Board of directors, Livne, Industrial, Financial Stability Board, Industry, Finance, OJ, Council, ICBC, Euro, Eurosystem, European Central Bank, NBER, Treasury, Intelligence, Ecosystem, Blog, Quantum, ICT, NCSC, Anomaly, News, ECB, Harvard Business Review, Arms industry

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

Policy options to address window dressing in the G-SIB framework

Retrieved on: 
Mercoledì, Gennaio 3, 2024
Financial Stability Board, Failure, Bank, Motivation, GFC, Risk, Federal Deposit Insurance Corporation, G-SIB, Section 2, Sale, Common equity, Board of directors, Literature, Comptroller, BIS, Bank statement, Efficiency, Insurance, Knowledge, BCBS, Jaʽfar, Press release, Bank for International Settlements, Board, Face, Time, Finance, Comment, Risk management, OTC, Journal, Canadian International Council, Currency, EBU, Exercise, ECB, Federal Reserve, Cryptocurrency

This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).

Key Points: 
  • This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).
  • Window dressing and seasonality of data distort the outcome of a point-in-time reporting framework, resulting in misleading bank disclosures, mismeasurement of bank risk, inappropriate capital requirements and misallocation of capital.

An opportunity to review and improve the EU’s bank crisis management framework

Retrieved on: 
Mercoledì, Gennaio 3, 2024
Lehman Brothers, Financial Stability Board, Learning, GFC, Risk, DGS, Union, Silicon Valley Bank, Risk management, Global, SRF, Single Resolution Board, Bankruptcy, EDIS, Banco Popular, FSB, See, Speech, UBS, Public sector, Safety, Finance, Commission, Opinion, Central bank, Fear, IMF, SRB, Civil service commission, CHF, Insurance, European Central Bank, International Monetary Fund, Silicon, Household, ECB, ESM, Credit Suisse, European Commission, Eligibility, Single Resolution Mechanism, Bank, Failure, Sale, Credit, Gaps, Compliance, Sis, Signature Bank, COVID-19, Investment, Review, Committee, National bank, Bank failure, Pressure, Buffer

This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.

Key Points: 


This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.

Keysight Releases the Company’s First Taskforce on Climate-related Financial Disclosures Report

Retrieved on: 
Venerdì, Novembre 17, 2023
Hardware, Environment, Climate Change, Technology, Software, Disclosure, FSB, NYSE, Climate change, Insurance, Finance, Risk management, TCFD, Financial Stability Board

Keysight Technologies, Inc. (NYSE: KEYS) released the company’s first standalone Taskforce on Climate-related Financial Disclosures (TCFD) Report.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS) released the company’s first standalone Taskforce on Climate-related Financial Disclosures (TCFD) Report.
  • Keysight’s 2023 TCFD Report follows the recommended TCFD framework, including governance, strategy, risk management, and metrics and targets.
  • In 2023, the company completed its first quantitative climate-scenario analysis, covering a range of warming trajectories from 1.5°C to 3.3°C.
  • We aligned with the TCFD recommendations and framework to transparently report on potential climate-related impacts and our risk management strategies.”

Empowering Financial Service Firms: RegGenome's Content Retrieval Service to Tackle Regulatory Challenges

Retrieved on: 
Giovedì, Novembre 9, 2023
Regulatory technology, Heart, Emergency Medical Retrieval Service, Risk management, European, Risk, Risk assessment, Financial Stability Board, European Banking Authority, Finance, FIS, Automation, Bank, Medical device

"The regulatory landscape is evolving rapidly and becoming more complex to manage. Organisations are responding by adopting machine-based processes to help manage risk, which is driving demand for machine-readable and consumable forms of regulatory information. At RegGenome, we are committed to leading the way in transforming how regulatory information is produced and consumed, working with both regulated firms and regulatory authorities to create composable regulatory information that can enable efficient compliance and risk management in the next generation of financial market infrastructure." -- Robert Wardrop, Chief Executive Officer

Key Points: 
  • Failing to meet regulatory obligations poses a host of challenges that can impact operational, financial, and reputational risks.
  • -- Robert Wardrop, Chief Executive Officer
    RegGenome's Content Retrieval Service is powered by machine readable Reg-Genome data, providing a single source of regulatory content.
  • This data enables regulatory research and supports change management, impact assessment, regulatory comparison, regulatory insights, and the automation of regulatory activities.
  • -- Mark Johnston, Chief Operating Officer
    For more information about RegGenome and its Content Retrieval Service, please visit www.reg-genome.com

Empowering Financial Service Firms: RegGenome's Content Retrieval Service to Tackle Regulatory Challenges

Retrieved on: 
Giovedì, Novembre 9, 2023
Regulatory technology, Heart, Emergency Medical Retrieval Service, Risk management, European, Risk, Risk assessment, Financial Stability Board, European Banking Authority, Finance, FIS, Automation, Bank, Medical device

"The regulatory landscape is evolving rapidly and becoming more complex to manage. Organisations are responding by adopting machine-based processes to help manage risk, which is driving demand for machine-readable and consumable forms of regulatory information. At RegGenome, we are committed to leading the way in transforming how regulatory information is produced and consumed, working with both regulated firms and regulatory authorities to create composable regulatory information that can enable efficient compliance and risk management in the next generation of financial market infrastructure." -- Robert Wardrop, Chief Executive Officer

Key Points: 
  • Failing to meet regulatory obligations poses a host of challenges that can impact operational, financial, and reputational risks.
  • -- Robert Wardrop, Chief Executive Officer
    RegGenome's Content Retrieval Service is powered by machine readable Reg-Genome data, providing a single source of regulatory content.
  • This data enables regulatory research and supports change management, impact assessment, regulatory comparison, regulatory insights, and the automation of regulatory activities.
  • -- Mark Johnston, Chief Operating Officer
    For more information about RegGenome and its Content Retrieval Service, please visit www.reg-genome.com

The EBA responds to the European Commission’s Call for Advice on significance criteria and supervisory fees under the Markets in Crypto-Assets Regulation

Retrieved on: 
Venerdì, Settembre 29, 2023
Crypto, Call, European Central Bank, European Banking Authority, Financial Services and Markets Authority (Belgium), The, European Parliament, Civil service commission, EIOPA, Classification, European, DORA, European Securities and Markets Authority, Article, ESRB, EBA, Central bank, Finance, Market, European Systemic Risk Board, FSB, ECB, Council, Emergency medical technician, Financial Stability Board, ESMA, EC, European Commission, Cryptocurrency, EU

The EBA proposes a set of core and ancillary indicators for each significance criterion within the scope of the Call for Advice: financial sector interconnectedness, and activities on an international scale.

Key Points: 
  • The EBA proposes a set of core and ancillary indicators for each significance criterion within the scope of the Call for Advice: financial sector interconnectedness, and activities on an international scale.
  • all types of transactions, or transactions where the token is used as means of exchange) and take account of data availabilities.
  • Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR) establishes a regime for the regulation and supervision of crypto-asset issuance and crypto-asset service provision in the European Union (EU).
  • Supervision tasks are conferred on the EBA for ARTs and EMTs that are determined by the EBA to be significant.

Andrew Bailey, Governor of the Bank of England, Joins the Group of Thirty

Retrieved on: 
Martedì, Settembre 26, 2023
Bank, Prudential regulation, Financial Conduct Authority, G30, Policy, Group of Thirty, Finance, Prudential Regulation Authority (United Kingdom), Bank of England, Prudential Regulation Authority, Financial Stability Board, PRA, Management, Trustee

WASHINGTON, Sept. 26, 2023 /PRNewswire/ -- The Group of Thirty (G30) announced today that Andrew Bailey has joined the Group's membership. He brings to the Group comprehensive experience gained through public service and a respected career at the Bank of England where he has served as Governor since March 2020. His additional senior roles have included Chief Executive Officer of the Financial Conduct Authority and Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority.

Key Points: 
  • WASHINGTON, Sept. 26, 2023 /PRNewswire/ -- The Group of Thirty (G30) announced today that Andrew Bailey has joined the Group's membership.
  • He brings to the Group comprehensive experience gained through public service and a respected career at the Bank of England where he has served as Governor since March 2020.
  • Tharman Shanmugaratnam, Chairman of the Board of Trustees, said: "We are pleased to welcome Andrew Bailey as a member of the Group of Thirty.
  • Andrew Bailey said: "I thank the Group of Thirty for this opportunity and am honored to join its distinguished membership.

Swift’s Cross-border Payments Processing Speed Surpasses G20 Target

Retrieved on: 
Martedì, Agosto 22, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Payment, Financial Stability Board, G20, API, Growth, Travel, Community business development corporation, Movement, Cryptocurrency, Mail, Online shopping, Swift

That’s already well ahead of speed targets set by the Financial Stability Board to achieve one-hour processing for 75% of international payments by 2027.

Key Points: 
  • That’s already well ahead of speed targets set by the Financial Stability Board to achieve one-hour processing for 75% of international payments by 2027.
  • It also challenges misperceptions that payments are often required to travel through chains of intermediary banks to their final destination.
  • Swift data shows that 84% of all payments on the network are conducted directly or with a single intermediary.
  • Swift already exceeds the G20 target on speed for processing on our own network, and we are well on track towards meeting the other targets.