Delivering Regulatory Transparency
The financial crisis of 2007-2008 has led to an unparalleled regulatory drive to prevent a repetition of those events. Much of the global regulatory response has focused on strengthening the banking system, especially those institutions classified as global, systemically important institutions. Regulators in key markets have also turned their attention to derivatives, alternative investments and activities that fall under the regulatory definition of shadow banking, for example, repo transactions and securities lending. Many new regulations that cover these areas have been developed, derived in large part from the recommendations of global regulatory standard-setting bodies such as the Basel Committee, the Financial Stability Board (FSB) and CPMI-IOSCO
POSTED Mon Oct 31, 2016