1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) International -
FSB: Plenary December 2024 -
Status: Final -
The FSB has set out the outcomes of its Plenary that met on 3 and 4 December. Points of interest include: (i) climate-related financial risks – the Plenary discussed progress in the four areas of the roadmap for addressing climate-related financial risks as well as EMDE-specific climate vulnerabilities and ways to help address those vulnerabilities. The FSB will issue its next report on progress with the roadmap in mid-2025; (ii) non-bank financial intermediation (NBFI) – the FSB will shortly publish its final policy recommendations on measures to enhance liquidity preparedness of non-bank market participants for margin and collateral calls and will be launching a consultation on proposed policy recommendations to monitor and address financial stability risks from NBFI leverage. The Plenary agreed to steps for how to overcome data issues that are hampering efforts to further improve the ability of authorities to effectively assess vulnerabilities stemming from the non-bank sector and to calibrate appropriate policies; (iii) 2025 work programme – the FSB agreed the work programme and confirmed the extension of Klaas Knot’s term as FSB Chair until 1 July 2025. The finalised work programme will be published in early 2025.
Please see full publication below for more information.
