About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FSB to Focus on Implementation of Reforms in New Works Programme

Subscribe to our newsletter

The UK’s Financial Stability Board (FSB) on February 12, 2019 for the first time ever released its new works programme for the year, outlining a shift away from post-crisis policy design and towards a focus on the implementation and evaluation of the effects of reforms.

In particular, the regulator highlights plans for “vigilant monitoring to identify and address new and emerging risks to financial stability,” in a move suggesting that more robust regulatory enforcement could be on the cards for the financial markets going forward.

According to the new programme, addressing new and emerging vulnerabilities will be a key area of focus: and will include the continued monitoring of developments in the global financial system, the identification and assessment of emerging risks through regular discussions with members. The FSB will also continue its biannual Early Warning Exercise (conducted jointly with the International Monetary Fund).

Another key focus will be the review of the impact of technological innovation on global financial stability – including the resilience of financial markets in stress, the implications of the growth of non-bank financial intermediation and operational issues such as cybersecurity.

The implementation of reforms will also take priority, with the regulator noting that: “Implementation… is not complete and it remains uneven. It is critical to maintain momentum and avoid complacency, in order to achieve the goal of greater resilience.”

The FSB will also take forward its programme to evaluate the effects of post-crisis reform, with the objective of assessing whether the reforms are operating as intended in an efficient manner and delivering adjustments where appropriate.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: ESG: A Growth Opportunity and a Regulatory Challenge

ESG investing, regulation and compliance are central concerns for financial institutions, although not all jurisdictions are equal. In the US, ESG has become a partisan issue making SEC regulation uncertain; the EU is on good form and has already implemented multiple regulations; and Asia Pacific is advancing as regulators and exchanges deploy ESG rules. Greenwashing...

BLOG

Providers of SFDR Reporting Solutions

Europe’s ESG regulatory space is dominated by the Sustainable Finance Disclosure Regulation, which requires listed companies in the bloc to declare the sustainability credentials of the funds they manufacture and the assets in which invest. Its intention is to give investors and advisers a clearer understanding of how sustainable investments are. Compliance requires the reporting...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Alternative Trading Systems Directory 2010

The year since we launched our first edition of the A-Team Alternative Trading Directory has passed by in a flash (no pun intended). And while the rate of expansion of the alternative trading system sector may have slowed – even consolidated somewhat – in the more established centres, their onward march continues both in terms of credibility, and of uptake...