Financial Stability Board

The International Swaps and Derivatives Association, Inc. (ISDA) has submitted its response to the Financial Stability Board’s (FSB) progress report on OTC derivatives market reforms, published on April 15, 2011. The work of the FSB is vital to ensuring that regulatory reform is consistent across different regions, and ISDA believes that the progress report offers a valuable insight into the extent of international convergence.

Representatives from central banks, ministries of finance, and supervisory agencies from 34 advanced and emerging market countries gathered in Washington today to discuss ways to reduce system-wide risks in the global financial system and how to improve the so-called macro-prudential policy framework.

The Financial Stability Board (FSB) published today the national responses from its members to an FSB survey designed to monitor the implementation of the G20’s recommendations for strengthening financial stability. The survey was conducted by the FSB Implementation Monitoring Network in September 2010 and the responses were summarised in the FSB progress report on implementation, that was submitted to the G20 Seoul Summit in November 2010.

The Financial Stability Board (FSB) and Basel Committee on Banking Supervision (BCBS) concluded their assessment of the macroeconomic impact of the transition to the new bank capital and liquidity standards.

The Chairman of the Financial Stability Board (FSB) reported to the G20 Leaders today at the Seoul Summit on progress and next steps in the implementation of the G20 recommendations for strengthening financial stability.

The Financial Stability Board (FSB) published today a report on Implementing OTC Derivatives Market Reforms. The report responds to calls by G20 Leaders at the Pittsburgh and Toronto Summits to improve the functioning, transparency and regulatory oversight of over-the-counter (OTC) derivatives markets.

The Financial Stability Board (FSB) Chairman reported to the G20 Leaders today on the progress and remaining challenges in the implementation of the G20 recommendations for strengthening financial stability, including the global effort to reduce the moral hazard posed by systemically important financial institutions.