This report sets out a number of recommendations for reform in the FX markets and in the benchmark rates that have been identified as pre-eminent by market participants.
The FSB welcomes the publication of the second progress report by the EDTF which assesses the implementation in major banks' 2013 annual reports of the EDTF principles and recommendations.
The FSB invites comments on this consultative document, including responses to the questions. Comments and responses should be sent to [email protected] by 1 December 2014.
The FSB publishes today a final version of its study of the feasibility of various options for a mechanism to produce and share global aggregated OTC Derivatives data.This press release describes the steps that the FSB has agreed should be taken to follow up on the recommendations of the feasibility study.
At its meeting in Cairns, the FSB discussed vulnerabilities affecting the global financial system and reviewed work plans for completing core financial reforms.
The FSB publishes proposals, plans and timelines for the reform and strengthening of existing major interest rate benchmarks (such as LIBOR, EURIBOR and TIBOR) and for additional work on the development and introduction of alternative benchmarks.
The FSB Plenary has approved the creation of the Global Legal Entity Identifier Foundation (GLEIF) and is filing papers to establish the GLEIF as a Swiss not for profit Foundation.
The FSB advises financial institutions to be aware that Venezuela has been determined by the FSB to be a non-cooperative jurisdiction with respect to regulatory and supervisory standards on international cooperation and information exchange.