FSB - Financial Stability Board

  • fsb.org/
  • youtube.com/user/FinStbBoard
  • The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system.
    • It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF).
    • The Board includes all G20 major economies, FSF members, and the European Commission.
    • Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland. - [Wikipedia]
  • Widespread misconduct in the financial sector on a broad scale creates mistrust, weakening the ability of markets to allocate capital to the real economy.
  • This in turn may give rise to systemic risks, which is why addressing misconduct is part of the Financial Stability Board’s (FSB) work programme.
  • Recent instances of misconduct have included collusion in the manipulation of wholesale markets and retail mis-selling schemes.

2018 04 - FSB - Strengthening Governance Frameworks to Mitigate Misconduct Risk: A Toolkit for Firms and Supervisors, Financial Stability Board - 78p

  • Table 1 - Examples of life insurance products and indicative risk ratings
  • Complex products with potential multiple investment accounts; and /or products with returns linked to the performance of an underlying financial asset Example of product names:
    • Universal Life
    • Variable Universal Life
    • Wrapper Insurance
    • Investment Linked Policies
    • Unit Linked Policies
  • Investment Linked Assurance Schemes
    • ...offers the ability to hold funds and/or assets
    • ...may offer the option of asset transfers into the policy
    • ...full or partial underlying investments under control of the customer
    • ...may have a high upper limit for the amounts of funds held
    • ...higher risk compared with other life insurance

2018 1025 - FSB/FATf - Risk-based Approach Guidance for the Life Insurance Sector - 64p

  • 2008 1010 - FSB - FINANCIAL STABILITY FORUM - FSF Report on Enhancing Market and Institutional Resilience Reports on the follow-up of the recommendations - 3p
  • 2012 0427 - FSB - Securities Lending and Repos: Market Overview and Financial Stability Issues, Financial Stability Board - 45p
  • 2015 1103 - FSB - Developing Effective Resolution Strategies and Plans for Systemically Important Insurers Consultative Document, Financial Stability Board - 28p
  • 2013 0827- FSB - Peer Review of the United States - 65p
  • 2014 0108 - FSB - Consultative Document, Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions: Proposed High-Level Framework and Specific Methodologies (8 January 2014) - 44p
  • 2015 0304 - FSB - Consultative Document Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions: Proposed High-Level Framework and Specific Methodologies (4 March 2015) - 62p
  • 2018 1025 - FSB/FATf - Risk-based Approach Guidance for the Life Insurance Sector - 64p
  • 2022 - FSB - Resolution Funding for Insurers Practices paper, Financial Stability Board - 28p
  • 2013 - LR - The Financial Stability Board: The New Politics of International Financial Regulation, by Stavros Gadninis - 19p
  • 2015 0708 - GOV (Senate) - The Role of the Financial Stability Board in the U.S. Regulatory Framework
  • 2016 0927 - GOV (House) - The Financial Stability Board's Implications for U.S. Growth and Competitiveness
    • [PDF-84p, VIDEO-youtube]
    • House - Committee on Financial Services - Subcommittee on Monetary Policy and Trade