Compendium

The internal audit function in banks

This revised supervisory guidance for assessing the effectiveness of the internal audit function in banks forms part of the Committee's ongoing efforts to address bank supervisory issues and enhance supervision through guidance that encourages sound practices within banks. It takes into account developments in supervisory practices and in banking organisations and incorporates lessons drawn from the recent financial crisis.

Regulation of Institutional Investors in Emerging Markets

This report makes recommendations to help emerging market regulators and policy makers develop and regulate institutional investors.

International Standards for Derivatives Market Intermediary Regulation

This report focuses on the regulation of Derivatives Market Intermediaries (DMIs). The recommendations in the report are intended to address: DMI obligations that should help mitigate systemic risks; requirements intended to manage counterparty risk; and protecting participants in the OTC derivatives markets from unfair, improper or fraudulent practices.

IOSCO Multilateral Memorandum of Understanding

This document is the basis for cooperation and exchange of information among IOSCO members and sets an international benchmark for cross-border cooperation.

Principles for Financial Market Infrastructures

This document contains 24 principles to be observed by financial market infrastructures (systemically important payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories) and five responsibilities of relevant authorities in regulating, supervising and overseeing these infrastructures.

FSB Principles for Sound Residential Mortgage Underwriting Practices

The principles provide a framework for jurisdictions to set minimum acceptable underwriting standards so as to limit the risks that mortgage markets pose to financial stability and to better safeguard borrowers and investors. The report also sets out an implementation framework through which jurisdictions can apply minimum lending standards, and describes tools that could be used to monitor and supervise these standards.

Requirements for Mandatory Clearing

This report outlines recommendations that authorities should follow in establishing a mandatory clearing regime within their jurisdiction.

FATF Recommendations on Combating Money Laundering and the Financing of Terrorism & Proliferation

A complete set of counter-measures against Money Laundering and the Financing of Terrorism and Proliferation, covering the required legal, regulatory, and operational measures.

Suspension of Redemptions in Collective Investment Schemes

Principles against which both the industry and regulators can assess the quality of regulation and industry practices concerning suspensions of redemptions.

Report on OTC Derivatives Data Reporting and Aggregation Requirements

Obligation of OTC derivatives contracts to be reported to trade repositories (TRs) in order to improve transparency, mitigate systemic risk and protect against market abuse in the OTC derivatives markets.

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