Speech given by Mark Carney, Governor of the Bank of England and Chair of the Financial Stability Board, at Lloyds of London on climate change and financial stability.
FSB plenary meets to discuss policy measures to end too-big-to-fail, concerns on market liquidity, shadow banking, derivatives, misconduct risks, audit and climate change.
FSB sends three reports to G20 Finance Ministers and Central Bank Governors on: corporate funding structures; addressing data gaps; and foreign currency exposure data.
The FSB announced next steps on the assessment methodologies for non-bank non-insurer global systemically important financial institutions (NBNI G-SIFIs).
The FSB publishes an interim report on progress in reforming existing major interest rate benchmarks (such as LIBOR, EURIBOR and TIBOR) and in developing alternative risk-free rate benchmarks.
The FSB invites feedback on areas covered in the review, including amongst others, assessment of financial stability risks posed by shadow bank entities and policy tools to mitigate these risks.