17 April 2015

FSB（金融安定理事会）マーク・カーニー議長、G20宛ての書簡でアンタルヤ・サミットに向けた金融規制改革の作業計画の進捗について報告

In February in Istanbul, the following priorities for the FSB’s G20 financial regulation agenda were agreed upon:

• full, consistent and prompt implementation of agreed reforms;
• finalising the design of remaining post-crisis reforms; and
• addressing new risks and vulnerabilities.

The FSB Chair’s April letter includes information on ongoing work to finalise post-crisis reforms in two particular areas: measures to help end too-big-to-fail for different types of financial institutions, including a coordinated work plan to promote central counterparty (CCP) resilience, recovery planning and resolvability; and initiatives to make derivatives markets safer.

The FSB is prioritising work to understand and address vulnerabilities in capital market and asset management activities. This will comprise two linked projects. The first will examine the likely near-term risk channels and the options that currently exist for addressing these. The second will consider the longer-term development of these markets and whether additional policy tools should be applied to asset managers according to the activities they undertake with the aim of mitigating systemic risks.

To address misconduct risks, the FSB has agreed a work plan that will examine:

• whether the reforms to incentives, for instance to risk governance and compensation structures, are having sufficient effect on reducing misconduct and whether additional measures are needed to strengthen disincentives to misconduct;
• the progress of ongoing reforms to benchmarks, and whether steps are needed to improve global standards of conduct in the fixed income, commodities and currency markets; and
• together with the World Bank and other relevant bodies, the extent of potential withdrawal from correspondent banking, its implications for financial exclusion, as well as possible steps to address this issue.

Press release

Full letter

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