International

IOSCO/BCBS Report on Margin Requirements for Non-Centrally Cleared Derivatives

IOSCO and BCBS have published a report assessing the implementation of margin requirements for non-centrally cleared derivatives. The report concludes the framework has been effectively implemented with no material issues identified, and no changes are proposed. Ongoing monitoring is recommended.

IOSCO Consultation Report on Valuing Collective Investment Schemes

IOSCO has published a consultation report proposing 13 updated recommendations for valuing collective investment schemes (CIS). The report seeks feedback from market participants by February 2, 2026, to modernize existing principles and address evolving market dynamics, particularly concerning illiquid assets and retail investment.

IOSCO Updates Statement on Non-GAAP Financial Measures

IOSCO has published an updated Statement on Non-GAAP Financial Measures, revising its 2016 and 2002 statements. The update aims to help issuers provide clearer and more useful disclosures to investors, reducing the risk of misleading information.

IOSCO Publishes Final Report on Financial Asset Tokenization

IOSCO has published its Final Report on the Tokenization of Financial Assets, examining its adoption, risks, and regulatory implications. The report aims to build a shared understanding among global securities regulators on how to address emerging challenges in this area.

IOSCO Publishes Recommendations for Neo-Brokers

IOSCO has published a final report with recommendations for securities regulators and neo-brokers. The report addresses challenges posed by neo-broker business models and aims to foster a more transparent and accountable environment, enhancing investor protection measures.

Basel Committee Discusses Cryptoasset Standard and Repo Market Vulnerabilities

The Basel Committee on Banking Supervision met to discuss vulnerabilities in government bond-backed repo markets and progress on a targeted review of its cryptoasset exposure standard. The committee also approved technical amendments to the standardized approach to operational risk and a response to a market risk framework FAQ.

Basel Committee Appoints Ben Gully as Secretary General

The Bank for International Settlements (BIS) announced the appointment of Ben Gully as the next Secretary General of the Basel Committee on Banking Supervision for a three-year term starting August 14, 2026. Mr. Gully, currently Deputy Superintendent at Canada's OSFI, will lead the Committee's Secretariat.

FSB Publishes 2025 Global Systemically Important Banks (G-SIB) List

The Financial Stability Board (FSB) has published its 2025 list of global systemically important banks (G-SIBs), identifying 29 banks. While the total number remains unchanged, three banks have been reclassified into different capital requirement categories.

FSB Warns of Financial Stability Challenges in Repo Markets

The Financial Stability Board (FSB) has published a report highlighting vulnerabilities in government bond-backed repo markets. The report warns of potential financial stability challenges due to leverage, concentration, and demand/supply imbalances, calling for authorities to address data gaps and strengthen surveillance.

FSB Outlines Work on Resolution Frameworks for Banks and Insurers

The Financial Stability Board (FSB) has published its 2025 Resolution Report, outlining progress and future work on global resolution frameworks for banks and insurers. Key priorities for 2026 include addressing funding in resolution and cross-border bail-in execution, alongside a strategic review of crisis preparedness activities.