Financial Stability Board (FSB)
Commodity traders not too big to fail, suggests FSB report
Trafigura, Vitol and other trading houses unlikely to be captured by proposed criteria for global systemically important financial institutions
FSB: work needed on consistent data standards
Public- and private-sector experts have worked hard over the past three years to develop the framework for a global legal entity identifier system, but more effort is needed to create consistent data standards for financial instruments and transactions,…
Leveraged ETFs under the spotlight
Imperfect storm
Fears over FSB 'influence' on global insurance capital standard
Financial Stability Board did not ‘want to waste a good crisis’, claims Geneva Association chief
National authorities have ‘moral obligation’ to introduce systemic risk measures - IAIS secretary general
G-20 pressure and FSB peer review will guarantee compliance of nation states
Shadow banking crackdown raises transparency concerns for insurers
National regulators to bring existing rules in line with prescriptive FSB policy recommendations on securities lending
Systemic risk definition for insurers flawed, says former IAIS counsellor
International policy-makers should offer clarity on risks posed by different activities, hears Insurance Risk Europe
Insurer global capital standard must be 'simple and pragmatic' says Ace risk chief
ComFrame must not be prescriptive if it is to enhance supervision of international groups
Commodity trading houses face questions over systemic risk
The rapid growth of commodity trading houses has led critics to question whether these firms have become a source of systemic risk. But trading houses strongly reject such arguments, and suggest they are little more than paper tigers. Alexander Osipovich…
Insurers braced for far-reaching recovery and resolution requirements
For the past couple of years, insurers have watched at a safe distance banks struggling to learn their way around living wills. Only last month did they realise the extent to which they will be put through similar hardships. The Financial Stability Board…
Global capital standard raises calibration and consistency questions
International efforts to develop a global capital standard are gathering pace, but the plans are controversial, raising fears that the competitiveness of international insurance groups could be damaged. There are also questions over how any global…
Multiple trade repositories cause reporting headache in Asia
A fragmented view
The IAIS’s systemic risk proposals are contentious, but a global capital standard will be even more so
The IAIS’s systemic risk proposals are contentious, but a global capital standard will be even more so
Global insurer systemic risk proposals stoke controversy
Saving the system
NAIC calls for coordination of US and international systemic risk regimes
Financial Stability Board's G-Sii regime should be consistent with US Sifi rules, says NAIC chief
CPSS, Iosco and FSB publish reports on FMIs
CPSS and Iosco says member states are making ‘substantial progress’ towards establishing their principles for financial market infrastructures
Supervisors to assess whether new powers needed to impose capital charge on G-Siis
US state regulators warn of ‘two-tier’ system developing
G-Sii proposals signal acceleration of plans for global capital standard
But concerns about disjointed global accounting standards
'Opaque and arbitrary' systemic risk methodology frustrates insurers
Designated insurers could come off G-Sii list when revised in 2014
Insurer recovery plans will be key issue in systemic risk debate
Insurance Risk launches updated, interactive iPad app
Insurers must prepare for far-reaching 'living wills' requirements
Systemically important international insurers will be required to design their own recovery and resolution plans in case of severe financial distress, as part of new requirements by regulators to protect the wider financial system. But there are fears…
Prudential Financial Sifi appeal ‘futile’
US insurers face re-designation if initial determination overturned
Reinsurers question separation of systemic risk designations
Regulators will publish separate lists for systemically important insurers and reinsurers a year apart
Fears of disjointed regulation of systemically risky insurers grow
Harmonisation of US and global systemic risk frameworks needed as US proposes first Sifis, warns industry think tank