The report describes the segments, operations and practices of these securities financing markets, which may constitute an important element of the shadow banking system. The FSB is examining the regulation of securities financing markets from a financial stability perspective as part of its wider work on shadow banking, on which the FSB will issue recommendations by the end of 2012.
The report finds that deposit insurance systems are broadly consistent with the Core Principles, particularly in areas such as mandates, membership arrangements and adequacy of coverage, but inconsistencies need to be addressed.
The Ministry of Finance of the Russian Federation hosted the inaugural meeting of the FSB Regional Consultative Group for the Commonwealth of Independent States (RCG for CIS) in Moscow.