Friday, November 20, 2015

FSB Finalizes Standards and Processes for Global Securities Financing Data Collection and Aggregation

Author: Member Admin

On November 18, 2015, the Financial Stability Board (FSB) published its final Standards and Processes for Global Securities Financing Data Collection and Aggregation. The final standards are based on the FSB’s previous November 2014 consultation paper and define the data elements for securities lending, repo, and margin lending that national and regional authorities will be asked to report in aggregate to the FSB.

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Categories: All, Disclosure Regimes, Procedural Changes, ROSE

Tags: FSB, securities lending, Shadow Banking

Thursday, February 12, 2015

CSMFE Submits Comments on FSB Data Collection Proposals

Aircraft pilots cannot monitor risks based solely on altitude; neither can market supervisors.

Author: David Schwartz J.D. CPA

CSFME has submitted a comment letter identifying additional metrics the Center feels are necessary to properly assess the risk of collateral fire sales associated with securities lending transactions. In particular, CSFME asserts that the FSB and sovereign regulators must expand the data initiative beyond position aggregates, to include risk mitigation resources as well as termination activity.

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Categories: All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies, ROSE

Tags: Repo, FSB, securities lending, risk, Regulatory reform

Wednesday, January 21, 2015

SEC Adopts New Rules Governing Security-Based Swaps Transactions

Author: David Schwartz J.D. CPA

The SEC has issued final rules governing security-based swap data repositories (SDRs) prescribing reporting to regulators and setting public disclosure requirements for security-based swap transaction data. These new rules implement mandates under Title VII of the Dodd-Frank Act requiring the SEC and CFTC to regulate swaps markets. The final rules approved by the Commission on January 14, 2015 "provide a powerful framework for trade reporting and the public...

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Categories: All, Disclosure Regimes, Formal Regulatory Remedies

Tags: Swaps, Regulatory reform, dodd-frank, SEC

Wednesday, November 12, 2014

Benchmarking data called into question

FX fines undermine validity of bank-provided financial rates

Author: Ed Blount

Convenience and low cost have always been the prime motives for customers to use bank-provided benchmarks in their portfolio analytics. That user model, shaken by the Libor scandal, now seems upside down after US, UK and Swiss regulators fined 5 major banks more than US$3 billion for rigging FX rates in London. Going forward, bottom-up benchmarks based on customer reported activity may displace the banks' own rate reporting.

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Categories: All, Disclosure Regimes

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Friday, September 13, 2013

FSB Issues its Final Policy Framework on Sec Lending and Repo

Author: David Schwartz J.D. CPA

On August 29, 2013, the Financial Stability Board (FSB) issued its finalized policy framework for its securities lending and repo workstream. As part of a larger examination of shadow banking, the FSB focused on five specific areas in which policies are needed to mitigate the potential systemic risks associated with shadow banking, with one of these five areas being securities lending and repo. Following up on their November 2012 consultation paper, the FSB has issued its final Policy...

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Number of views (15957)

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Categories: All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies, Procedural Changes

Tags: Repo, FSB, securities lending, Shadow Banking

Commentary

FSB Finalizes Standards and Processes for Global Securities Financing Data Collection and Aggregation

CSMFE Submits Comments on FSB Data Collection Proposals

Aircraft pilots cannot monitor risks based solely on altitude; neither can market supervisors.

SEC Adopts New Rules Governing Security-Based Swaps Transactions

Benchmarking data called into question

FX fines undermine validity of bank-provided financial rates

FSB Issues its Final Policy Framework on Sec Lending and Repo

Journal Commentaries

Keep Regulation Functional (October 2008)

The Bear Market Posse, or Counterparty Risk Management during the Recent Turmoil (Sept. 2008)

Searching for New Paradigms at BIS (July 2008)

Will Basel II Affect The Competitive Landscape? (September 2003)