Sun, Jan 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

FSB issues policy recommendations to strengthen rules on shadow banking

Wednesday, September 04, 2013

Komfie Manalo, Opalesque Asia:

After nearly three years since its creation, Financial Stability Board has issued policy recommendations to strengthen the oversight and regulation of the shadow banking system, international law firm Clifford Chance said in a client briefing.

The recommendations came following the completion of the new capital standards for banks (Basel III) and reflected the G20 Leaders concern of the potential risk that regulatory gaps may emerge between the banking and shadow banking sectors. The policy recommendations will be considered by the G20 leaders at their meeting in St. Petersburg on September 5 and 6.

Clifford Chance said in the briefing, "The FSB has focused on five specific areas – or workstreams – each chaired by an international standard setting body. The reports that have now been issued relate to the workstreams chaired by the FSB and are stated to take into account the responses received on the consultative documents issued in November 2012."

The International Organization of Securities Commissions (IOSCO) has already set out final policy recommendations on money market funds (MMFs) and Securitization in its reports Policy Recommendations for Money Market Funds and Global Developments in Securitization Markets. The Basel Committee on Banking Supervision (BCBS) is scheduled to comp......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r