Financial Stability Board
What is China's planned financial stability law and how will it work?
The fund would cover systemically important financial firms that are "too big to fail", such as major banks and insurers
 "What is China's planned financial stability law and how will it work?")
Growing fast, fintech needs a way to keep watch on itself
Global banking generated $6.5 trn as revenue in 2022: Fintech had 5% of the same. But by 2028, fintech revenues are expected to grow three times faster
 "Growing fast, fintech needs a way to keep watch on itself")
Progressive and proactive: Crypto players all praise for IMF-FSB plan
Investments in resources, technology, and personnel would be necessary to ensure compliance
 "Progressive and proactive: Crypto players all praise for IMF-FSB plan")
G20 finance ministers and central bank governors adopt crypto road map
Briefing reporters in Marrakesh, Finance Minister Nirmala Sitharaman said the roadmap on crypto assets is the big step forward that came from the FMCBG discussion
Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper
Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper
 "Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper")
IMF, FSB to lay down crypto regulation framework for G20 discussion
On international taxation, the sources state that India under the G20 Presidency has recommended a pillar taxation system on international taxation
 "IMF, FSB to lay down crypto regulation framework for G20 discussion")
Financial Stability Board seeks measures to regulate cryptoassets
Authorities should, to the extent necessary, achieve regulatory outcomes comparable to those in traditional finance, the FSB said
 "Financial Stability Board seeks measures to regulate cryptoassets")
G20 FSB releases global guidelines for crypto firms to safeguard investors
"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said
 "G20 FSB releases global guidelines for crypto firms to safeguard investors")
Japan pushes global counterparts to regulate cryptocurrencies like banks
The country has been making its voice heard through the Financial Stability Board
 "Japan pushes global counterparts to regulate cryptocurrencies like banks")
G20 mulls converting its global infra hub into a multilateral body
Currently, the GIH's work is limited to acting as a knowledge sharing hub, to produce data and insights that inform policy and infrastructure delivery
 "G20 mulls converting its global infra hub into a multilateral body")
Work from home fuelling cyber attacks, says global financial watchdog
Financial firms may need to bolster their defences in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board said on Tuesday
 "Work from home fuelling cyber attacks, says global financial watchdog")
FSDC sub-committee meets virtually to take stock of Covid-19 situation
Discussed scenario emerging from second wave and various inter-regulatory issues; reviewed activities of various technical groups under its purview
 "FSDC sub-committee meets virtually to take stock of Covid-19 situation")
Financial Stability Board to assess riskiness of insurers across G20
Companies singled out for scrutiny are required to hold extra capital to cover potential losses. The shift in the FSB's approach is from the US treasury department
 "Financial Stability Board to assess riskiness of insurers across G20")
India needs to ensure fin stability, inclusion balance: FSB
Says steps have been taken in recent years to develop the country's macroprudential policy framework
 "India needs to ensure fin stability, inclusion balance: FSB")
