The FSB published in August 2013 its report entitled Policy Framework for Addressing Shadow Banking Risks in Securities Lending and Repos, that included consultative proposals on minimum standards for methodologies to calculate haircuts on non-centrally cleared securities financing transactions and a framework of numerical haircut floors (in Annex 2 of the report).

The FSB indicated that it would welcome comments on the consultative proposals by 28 November 2013. These comments are available below.

The FSB wishes to thank those who have taken the time and effort to express their views, which will serve as an input to its work to finalise policy recommendations in the second quarter of 2014.