Reliance on external credit ratings to the exclusion of internal credit assessments can be a cause of herding behaviour and of abrupt sell-offs of securities when they are downgraded (“cliff effects”). These effects can amplify procyclicality and cause systemic disruption. Good progress has been made toward removing references to CRA ratings from laws and regulations, […]
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12 May 2014
12 May 2014
This report describes the second and final stage of thematic review focused on the action plans developed by national authorities to implement the FSB 2012 roadmap for reducing reliance on CRA ratings.
8 May 2014
Remarks by Daniel K. Tarullo, Member Board of Governors of the Federal Reserve System at the Federal Reserve Bank of Chicago.
7 May 2014
The Danmarks Nationalbank hosted the sixth meeting of the FSB Regional Consultative Group for Europe in Copenhagen, Denmark.
6 May 2014
6 May 2014
The Bank of Ghana hosted the fifth meeting of the FSB Regional Consultative Group for Sub-Saharan Africa in Accra, Ghana.
6 May 2014
The note includes a background reference on the FSB Data Gaps project, announces the launch of Phase 2 funding template for G-SIBs and the approval of a roadmap for Phase 3.
2 May 2014
2 May 2014
G20 Leaders’ Statement at the London Summit, 2 April 2009