Federal Reserve Board Vice Chair for Supervision Randal Quarles reiterated three principles that are critical to the Financial Stability Board's "relevance" and "vitality": engagement, vigilance and analysis.
Co-chairs of the Financial Stability Board's Official Sector Steering Group advised ISDA to continue consulting on options for adopting "robust" fallback language for derivatives that reference key Interbank Offered Rates.
In a final report, the Financial Stability Board, along with a group of other international financial regulatory bodies, evaluated how post-financial crisis reforms affect incentives for the central clearing of derivatives.
In a new consultation paper, IOSCO and other international standard-setting bodies examine whether adequate incentives to centrally clear over-the-counter derivatives are in place in light of regulatory reform efforts.
In a report prepared for G20 Finance Ministers and Central Bank Governors, the Financial Stability Board described recent work by global standard-setting bodies in connection with crypto-asset markets.
UK Financial Conduct Authority Chief Executive Andrew Bailey called for accelerated efforts to transition away from LIBOR. The Financial Stability Board also published a statement on the development and adoption of overnight risk-free rates.