The Application Paper on Resolution Powers and Planning provides guidance for supervisors and resolution authorities in implementing a resolution framework, including setting up powers, as well as planning and issues around coordination and cooperation.
This Paper is part of a broader project to help insurance supervisors apply the new standards on recovery and resolution as agreed in the Common Framework for the supervision of Internationally Active Insurance Groups (ComFrame) and the Holistic Framework for the assessment and mitigation of systemic risk in the insurance sector. Recovery and resolution frameworks help reduce the likelihood of a disorderly failure of insurers, as well as the potential adverse impacts of such a failure on policyholders and/or financial stability. An earlier Paper on recovery planning was published in 2019.
23 June 2021
An overview of responses to the November 2020 consultation.
FSB holds virtual meeting of the Regional Consultative Group for Sub-Saharan Africa.
2 June 2021
Update to the Global Transition Roadmap in light of announcements made confirming LIBOR cessation dates and associated proposals by authorities and national working groups.
Report considers the use of forward-looking risk-free rate term rates as alternatives to overnight risk-free rates.
FSB statement on the use of the ISDA spread adjustments in cash products.
This statement encourages authorities to ensure that regulated entities align their use of new LIBOR contracts with the relevant timelines for the respective currency, regardless of where the trades are booked.
Statements and documents set out recommendations for stakeholders to consider when transitioning away from LIBOR.
31 May 2021
Public consultation on the FSB’s targets for addressing the four challenges of cross-border payments.
31 May 2021
The proposed targets set goals for addressing the challenges of cost, speed, transparency and access faced by cross-border payments.