1. In 2006 the IASB and the FASB (the boards) agreed on a Memorandum of Understanding (MoU) that identified the short-term and longer-term convergence projects that would bring the most significant improvements to IFRSs and US GAAP. The MoU was updated in 2008. 2. The boards are close to completing the MoU programme: Most of […]
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 […]
19 March 2012 Public responses to October 2011 consultative document Common Template for Global Systemically Important Banks28 responses to the Consultation paper were received - 11 from national and international industry associations, 14 from individual financial institutions, and 3 from other firms and private individuals. Only the comments from national and international industry associations are published here.
8 February 2012 Thematic Review on Deposit Insurance SystemsThe review takes stock of FSB member jurisdictions’ deposit insurance systems as well as describes the range of practices and the rationale underpinning different arrangements.
1 February 2012 Handbook for FSB Peer Reviews (previous version)This handbook was originally published in February 2012 and was replaced with a revised version in January 2014.
30 January 2012 Peer Review of CanadaThis report assesses Canada's progress in addressing FSAP findings in banking supervision, the functioning of ABCP and structured finance markets, securities regulation, and securities settlement systems.
25 January 2012 Peer Review of SwitzerlandThis report assesses Switzerland’s progress in addressing FSAP findings related to capital and liquidity requirements; independence, funding, and staff supervisory resources; and other areas.
The Key Attributes are a new internationally-agreed standard that sets out the responsibilities, instruments and powers that national resolution regimes should have to resolve a SIFI as well as requirements for resolvability assessments and recovery and resolution planning for G-SIFIs.