FSB on track for 2018 shadow banking deadline
05 September 2016 Basel
Image: Shutterstock
The Financial Stability Board (FSB) is committed to meeting its December 2018 deadline for implementing its reporting framework on 鈥榮hadow banking鈥�, according to its progress report on tackling data gaps in financial markets.
The FSB, in conjunction with G20 members, aims to collect and aggregate data on securities financing transactions (SFTs) on the global level from a macroeconomic perspective and study the breakdown of changes in assets.
In a separate statement released prior to the report, the FSB acknowledged that its member jurisdictions are still in the 鈥渆arly stages鈥� of implementation but the board is still set on achieving completion by the end of 2018.
The board also highlighted that it will be updating its reporting template for SFTs by the end of the year.
The report relates to the second phase of the G20鈥檚 鈥榙ata gaps initiative鈥�, which was set up after the 2008 financial crash to plug the holes in regulators鈥� understanding some areas of the financial markets.
The report comes a week after the FSB warned that around half of its member jurisdictions need to 鈥渦rgently take steps鈥� to get back on track with their implementation of over-the-counter margin requirements.
The FSB, in conjunction with G20 members, aims to collect and aggregate data on securities financing transactions (SFTs) on the global level from a macroeconomic perspective and study the breakdown of changes in assets.
In a separate statement released prior to the report, the FSB acknowledged that its member jurisdictions are still in the 鈥渆arly stages鈥� of implementation but the board is still set on achieving completion by the end of 2018.
The board also highlighted that it will be updating its reporting template for SFTs by the end of the year.
The report relates to the second phase of the G20鈥檚 鈥榙ata gaps initiative鈥�, which was set up after the 2008 financial crash to plug the holes in regulators鈥� understanding some areas of the financial markets.
The report comes a week after the FSB warned that around half of its member jurisdictions need to 鈥渦rgently take steps鈥� to get back on track with their implementation of over-the-counter margin requirements.
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