Macro-prudential Regulation

IBFed responds to the FSB on a common template for G-SIBs - 14/11/11

IBFed has responded to the FSB Consultation entitled "Understanding Financial Linkages: A Common Data Template for Global Systemically Important Banks." In the letter we express our support for efforts to gather data on financial linkages in a consistent manner but identify a number of areas where the FSB must provide greater clarity. We also drew the FSB's attention to our concerns regarding the cost of data collection, the need to protect confidential data and the importance of paying close regard to the implementation schedule.

The IBFed letter is available here.


IBFed responds to the FSB on shadow banking -11/07/11

IBFed has responded to a background note on shadow banking, which was published by the Financial Stability Board (FSB).
We noted that the form of the shadow banking system is closely linked to regulation, and measures which directly regulate the shadow banking system may have potential implications for the liquidity and proper functioning of the markets. We also recommended policy principles that should be recognised in pursuing the regulation of shadow banking. The principles address (1) Promotes proper functioning of markets, (2) Reduces likelihood of duplication, (3) Minimizes economic impacts, (4) Promotes a level playing field, (5) Enhances transparency, (6) Targets regulatory supervision, and (7) Supports financial stability.
The IBFed letter is available here.


IBFed writes to G20 in Toronto – 23/06/10

IBFed wrote to a number of senior figures ahead of the G20 summit in June, expressing support for the objectives of the G20 and the work of the international standard setters tasked with delivering an improved regulatory system.  In doing so, IBFed expressed its willingness to participate in the regulatory reform process aimed at increasing the resilience of financial institutions, enhancing the robustness of financial markets and reducing systemic risk.  IBFed also underlined the importance of open and transparent engagement with the industry as the reform process moves towards implementation.

Here is the IBFed letter and here is the contribution on Role of Markets and Regulation.   The paper on Preliminary Consideration for a Macro-Prudential supervisory Framework is available here.

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