The Financial Stability Board has suggested tough new regulations for the repo, or repurchase, market, which lets financial institutions borrow cash by putting up securities as collateral.
The Financial Stability Board has warned that countries must step up pace to meet the Group of Twenty deadline for implementing laws to regulate the $600 trillion over-the-counter derivatives market.
Europe’s largest ETF manager iShares has cautioned that the providers of some ETFs are not taking appropriate measures to prove their products are safe.
Mario Draghi, governor of the Banca D’Italia and chairman of the Financial Stability Board, has criticized European and U.S. banks for trying to weaken new rules adopted by the Basel Committee on Banking Supervision, reports GFS News.
The Basel Committee on Banking Supervision proposal to force systemically important firms to meet’ higher capital requirements could affect between 15 and 26 institutions globally, reports Bloomberg.
The Financial Stability Board plans to question banks and regulators on implementation of compensation guidelines adopted by the European Union, reports Bloomberg.
