Financial Regulatory Developments (FReD) - April 24, 2015

European Union and International

FSB reports on work plan: FSB has provided an update for the G20 finance ministers on the progress of its work plan. It focused on:

• ending too-big-to-fail, with the current initiatives around insurers and non-bank, non-insurer global systemically important institutions, and progress on promoting central counterparty resilience, recovery planning and resolvability;
• its project, with International Organisation of Securities Commissions (IOSCO) and the Basel Committee on Payment and Market Infrastructure, to standardise and aggregate OTC derivatives trade reporting data;
• understanding and addressing vulnerabilities in capital market and asset management activities;