The principles provide a framework for jurisdictions to set minimum acceptable underwriting standards so as to limit the risks that mortgage markets pose to financial stability and to better safeguard borrowers and investors. The report also sets out an implementation framework through which jurisdictions can apply minimum lending standards, and describes tools that could be used to monitor and supervise these standards.
FSB
In March 2011 the Financial Stability Board (FSB) published a thematic review of residential mortgage underwriting and origination practices. Based on the findings of the review, six recommendations were set out, one of which asked the FSB to develop an international principles-based framework for sound underwriting practices. After providing sufficient time for implementation, the FSB […]
15 March 2012
8 February 2012
The review takes stock of FSB member jurisdictions’ deposit insurance systems as well as describes the range of practices and the rationale underpinning different arrangements.
7 February 2012
The report finds that deposit insurance systems are broadly consistent with the Core Principles, particularly in areas such as mandates, membership arrangements and adequacy of coverage, but inconsistencies need to be addressed.
3 February 2012
The South African Reserve Bank hosted the inaugural meeting of the FSB Regional Consultative Group (RCG) for Sub-Saharan Africa in Pretoria.