FSB and IOSCO consult on assessment methodologies for identifying non-bank non-insurer G-SIFIs.
The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) have jointly published a consultative document on assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions (NBNI G-SIFIs).
The proposed methodologies for NBNI G-SIFIs extends the systemically important financial institution framework that currently covers banks and insurers to all other financial institutions. Both the FSB and IOSCO recognise that the proposed assessment methodologies are challenging in the sense that they have to capture a wide range of business models and risk profiles, while maintaining broad consistency with the methodologies for banks and insurers. This is also hampered by the fact that unlike banks and insurers, NBNI financial entities generally face limitations with data availability.
The deadline for comments on the consultative document is 7 April 2014.
View Consultative Document: Assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions – proposed high-level framework and specific methodologies, 8 January 2014