The Global Foreign Exchange Committee (GFXC) has issued a press release following its virtual meeting on 5–6 December 2024.
Among other things the press release notes that:
On 11 December 2024, the Basel Committee on Banking Supervision (Basel Committee) published final guidelines for counterparty credit risk (CCR) management. The guidelines will replace the Basel Committee’s ‘Sound practices for banks’ interactions with highly leveraged institutions’ published in January 1999.
CCR
CCR is the risk that the counterparty to a
On 10 December 2024, the Financial Stability Board (FSB) issued policy recommendations to enhance the liquidity preparedness of non-bank market participants for margin and collateral calls in centrally and non-centrally cleared derivatives and securities markets (including securities financing such as repo).
The policy recommendations are part of the FSB’s work programme on enhancing
On 5 December 2024, the Financial Stability Board (FSB) published its 2024 Resolution Report.
The Resolution Report takes stock of the FSB resolution-related work of the past year as well as of the progress made by FSB members in implementing resolution reforms and enhancing resolvability across the banking, financial market infrastructure, and
On 4 December 2024, the Financial Stability Board (FSB) issued a press release following its plenary in Hong Kong on 3 and 4 December.
Key points from the press release include that the FSB:
On 29 November 2024, the International Organization of Securities Commissions (IOSCO) issued a final report on the evolution in the operation, governance and business models of exchanges. The final report focuses on equity exchanges but may be of relevance to other types of trading venues and trading in other classes of financial instruments.
On 28 November 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report which describes the range of practices in implementing a positive neutral countercyclical capital buffer (CCyB).
In 2010, the Basel Committee published guidance that detailed the key requirements for operating the CCyB, and in 2017 it published
On 27 November 2024, the Basel Committee on Banking Supervision (Basel Committee) published various finalised technical amendments to the Basel Framework.
The amendments, which relate to (i) the standardised approach to credit risk and (ii) cryptoasset exposures, were published for consultation in July 2024 and have been finalised as originally proposed.
The Basel Committee plans
On 26 November 2024, the Financial Stability Board (FSB) published the 2024 list of global systemically important banks (G-SIBs) and the Basel Committee on Banking Supervision (Basel Committee) published additional information relating to the 2024 G-SIB assessment.
The FSB confirmed that no banks have been removed or added to
On 25 November 2024, the International Organization of Securities Commissions (IOSCO) published a report on its targeted implementation review of five of its “Principles for the Regulation and Supervision of Commodity Derivatives Markets”.
The five principles selected for review (Principles 9, 12, 14, 15, and 16) aim to address excessive commodity market volatility