Press

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FSB Plenary meets in Cairns, Australia

At its meeting in Cairns, the FSB discussed vulnerabilities affecting the global financial system and reviewed work plans for completing core financial reforms.

Testimony on Dodd-Frank Act before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

Statement by Daniel K. Tarullo, Member Board of Governors of the Federal Reserve System before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.

FSB RCG Asia meets in Kyoto, Japan

The Financial Services Agency, Japan hosted the seventh meeting of the FSB Regional Consultative Group for Asia in Kyoto, Japan.

FSB publishes Reforming Major Interest Rate Benchmarks

The FSB publishes proposals, plans and timelines for the reform and strengthening of existing major interest rate benchmarks (such as LIBOR, EURIBOR and TIBOR) and for additional work on the development and introduction of alternative benchmarks.

FSB consults on Foreign Exchange Benchmarks

FSB’s Foreign Exchange Benchmarks Group is seeking comments on its newly released consultative document: Foreign Exchange Benchmarks.

Establishment of the Global LEI Foundation

Establishment of the Global LEI Foundation

The FSB Plenary has approved the creation of the Global Legal Entity Identifier Foundation (GLEIF) and is filing papers to establish the GLEIF as a Swiss not for profit Foundation.

Advisory notice to financial institutions concerning Venezuela

Advisory notice to financial institutions concerning Venezuela

The FSB advises financial institutions to be aware that Venezuela has been determined by the FSB to be a non-cooperative jurisdiction with respect to regulatory and supervisory standards on international cooperation and information exchange.

Taking Shadow Banking Out of the Shadows to Create Sustainable Market-Based Finance

Article by Mark Carney, Governor of the Bank of England and Chairperson of the Financial Stability Board, published in the Financial Times.