Wednesday, November 19, 2014

FSB Moves for More Transparency in Repo and Securities Lending Markets

Proposals for Standards and Processes for Global Securities Financing Data Collection and Aggregation

Author: David Schwartz

On November 13, the Financial Stability Board published a consultation report that sets forth proposed standards and processes for global securities financing and data collection and aggregation. Previously, the FSB recommended that national/regional authorities collect appropriate data on securities financing markets to help the FSB better assess ongoing financial stability. These latest proposals are intended to provide guidance on what kinds of data on repo, securities lending, and margin lending should be collected, how they should be collected, and in what format. Mark Carney, Chairman of the FSB, characterized the proposed standards as "an important step to ensure that authorities fully understand trends and risks in one of the core funding markets for wide range of market participants. The global data collection and aggregation based on the FSB standards and processes will help transform securities financing markets into more transparent and resilient sources of financing that would better serve the needs of the economy."

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Thursday, October 9, 2014

List of Open Consultations and Rule Proposals

Author: David Schwartz

With the November 15 and 16 G20 Summit in Brisbane fast approaching, policy makers and regulators in the US and the UK have been hard at work.  Not to be outdone, IOSCO, ESMA, and BIS have also been busy.  Eager to demonstrate progress on financial re-regulation and reform, there has been a flurry of consultation papers and rule proposals at all levels over the past quarter.  The following is a list, current as of October 9, 2014, of some of the more noteworthy proposals and consultation papers whose comment periods are currently open.  It should be noted that a number of these consultations close imminently.

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Wednesday, May 7, 2014

Fordham Students Critique the FSB's G-SIFI Proposal

CSFME congratulates each of the teams on their excellent work.

Author: David Schwartz

As part of CSFME's Regulatory Outreach for Student Education (ROSE) program, four teams made up of Fordham University graduate and undergraduate students researched, drafted and submitted comment letters to the Financial Stability Board's January 2014 consultative document entitled Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions.  Each of the teams analyzed the consultative document and critiqued it from their own unique perspectives as graduate and undergraduate students in economics and business.  Though the exercise was carried out as part of their school curriculum, and with the support and encouragement of CSFME's Executive Director, Ed Blount, the comment letters are entirely the work of the student teams.  Given the extremely high quality of the work, Fordham agreed to have the students submit the letters on the university's letterhead.  

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Thursday, March 13, 2014

CSFME Encourages Fordham Students to Let Their Voices Be Heard

March 13 Web Meeting Invites Fordham Business Students to Submit Comments to the FSB

Author: David Schwartz

In a web based meeting today, CSFME's Executive Director Ed Blount and Senior Policy Analyst David Schwartz met with a group of Fordham University's graduate and undergraduate business students to invite them to participate in the real world of regulatory policy.  The focus of this meeting was the Financial Stability Board's recent proposal regarding the "Assessment Methodologies for Identifying Non-Bank Non-Insurer Global SIFIs."  After a brief discussion of some of the goals of the FSB's proposal and some the most provocative issues raised by the consultative document, Messrs. Blount and Schwartz challenged the students to research and formulate their own positions on the consultative document with an eye on submitting formal comment letters to the FSB.  

This web-based meeting was part of CSFME's Regulatory Outreach for Student Education (ROSE) program designed to give college students studying business and economics the opportunity to meet financial policy makers and regulators, and experience some practical application of what they are learning in their classes. 

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Categories: All, ROSE

Tags: fordham, ROSE