Search Results for: Financial Stability Board
IFRS 9 Financial Instruments issued by IASB
July 24th, 2014
The International Accounting Standards Board (IASB) issued today IFRS 9 Financial Instruments to complete the final element of its comprehensive response to the financial crisis. The new model removes complexity associated with previous accounting requirements. Hans Hoogervorst, Chairman of ...
IMF throws Ukraine financial lifeline, Russian economy to slump
March 27th, 2014
Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor. The International Monetary Fund ...
Virtual currency may be next tax haven, European Parliament warns
September 11th, 2018
Virtual currencies could become a new “virtual tax haven,” posing a major risk for governments, according to a report released amid an EU finance ministers meeting on the topic. The European Parliament report warned virtual currency poses a “direct ...
Bitcoin rallies above $9,000 after positive G-20 cryptocurrency meeting
March 21st, 2018
Bitcoin prices recovered above $9,000 after regulators had “productive” discussions on cryptocurrency at a G-20 meeting of finance ministers and central bank governors in Buenos Aires, Argentina, on Tuesday. Bitcoin prices topped $9,000 after finance ministers took a more ...
Currency exchange value dynamics
March 2nd, 2018
In a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the ...
FSB-IOSCO Roundtable on Compensation Practices in the Securities Sector
April 7th, 2017
The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) jointly organized a Roundtable on Compensation Practices in the Securities Sector on 13 December 2016. Based on the findings of the FSB Compensation Monitoring Contact Group ...
IOSCO: Harmonisation of the Unique Transaction Identifier (UTI) to OTC derivatives transactions
February 28th, 2017
A new report provides technical guidance to authorities to enable them to set rules on assigning uniform global Unique Transaction Identifiers (UTIs) to over-the-counter (OTC) derivatives transactions. The report, entitled Harmonisation of the Unique Transaction Identifier, is a joint ...
SEC Chair Mary Jo White Announces Departure Plans
November 15th, 2016
SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the ...
ESMA reports on Shadow Banking, Leverage and Pro-Cyclicality
October 5th, 2016
The European Securities and Markets Authority (ESMA) has issued today a report on securities financing transactions (SFTs), leverage and pro-cyclicality in the EU’s financial markets. ESMA’s report assesses whether the use of SFTs leads to the build-up of leverage which is ...
Reports from CPMI-IOSCO advance regulatory agenda on central counterparties
August 16th, 2016
Reports published today by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are aimed at enhancing the resilience of central counterparties (CCPs), an important move towards completing the regulatory agenda for ...
