FSB
20 April 2012
FSB Chair provided an update to the G20 on progress towards (i) building resilient financial institutions; (ii) ending "too big to fail"; (iii) strengthening the oversight and regulation of shadow banking activities; (iv) completing OTC derivatives and other reforms to create continuous core markets; and (v) implementing agreed G20 reforms in a timely and consistent manner.
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.
In March 2011 the Financial Stability Board (FSB) published a thematic review of residential mortgage underwriting and origination practices. Based on the findings of the review, six recommendations were set out, one of which asked the FSB to develop an international principles-based framework for sound underwriting practices. After providing sufficient time for implementation, the FSB […]
15 March 2012
8 February 2012
The review takes stock of FSB member jurisdictions’ deposit insurance systems as well as describes the range of practices and the rationale underpinning different arrangements.
7 February 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.