The Financial Stability Board (FSB) has announced the launch of a thematic peer review on supervisory frameworks and approaches to systemically important financial institutions (SIFIs), focusing in particular on global systemically important banks (G-SIBs).
The review is being conducted in close collaboration with the Basel Committee on Banking Supervision (BCBS). It will utilise the responses to two questionnaires:
- one for national supervisors to enable the FSB to take stock of how supervisors have changed, or plan to change, their prudential supervisory framework and approach for G-SIBs and, as appropriate, other domestically significant banks. The FSB will also use this questionnaire to take stock of the changes considered most significant for enhancing supervisory effectiveness; and
- one for a representative sample of G-SIBs to identify the key changes in supervisory strategy, approach, methods and tools that G-SIBs consider have been the most and least effective in influencing risk behaviour, enhancing risk governance and management, and supporting the enhanced resilience of G-SIBs to stresses.
G-SIBs are asked to send completed questionnaires to their national supervisors by 15 August 2014. National supervisors will then send the completed questionnaires to the FSB peer review team. National supervisors have not been asked to evaluate the responses from G-SIBs, and are not expected to either. As part of the review, the FSB invites feedback from financial institutions, industry associations and other stakeholders on the topics covered in the questionnaires. The deadline for providing feedback to the FSB is 12 September 2014.
View Financial Stability Board, 4 July 2014
View Thematic peer review on supervisory frameworks and approaches to SIFIs, 4 July 2014
View FSB peer review on supervisory frameworks and approaches to SIFIs, 4 July 2014