News Centre

Finansinspektionen Analysis No. 43: d-SRI: A Systemic Risk Indicator For Sweden

Date 14/12/2023

In this FI-analysis we adapt the systemic risk indicator d-SRI to Swedish conditions. d-SRI is intended to give an early warning signal before crises caused by domestic imbalances arise. d-SRI indicates build-up of risks during the years leading up to the crisis in the 1990s, the 2000 dot-com crash, and the 2008 financial crisis. In present time when we see reduced credit growth and lower asset prices, d-SRI is showing that financial conditions are tight.

The EBA Consults On The Amendments To The Pillar 3 Disclosure And Supervisory Reporting Frameworks In The Context Of The Implementation Of The Basel III Reforms In The EU

Date 14/12/2023

The European Banking Authority (EBA) today launched a public consultation on two draft ITS amending Pillar 3 disclosures and supervisory reporting requirements. These consultation papers are a first step in the implementation of the Banking Package (Capital Requirements Regulation – CRR3 – and Capital Requirements Directive – CRD6). With this early publication the EBA wants to support banks in their reporting and disclosure obligations linked to the implementation of the Basel III reforms from the application date, and to ensure that supervisors and market participants have the necessary information. The consultations run until 14 March 2024.

The EBA Publishes Roadmap On The Implementation Of The EU Banking Package

Date 14/12/2023

The European Banking Authority (EBA) today published its roadmap on the Banking Package, which implements the final Basel III reforms in the EU. The EBA roadmap aims at strengthening the prudential framework as well as ensuring an international level playing field. It also aims at providing clarity to the industry on how it will develop the mandates implementing the legislation, and how it expects to finalise the most significant components ahead of the application date, on 1 January 2025.

BIS: Basel Committee Consults On Targeted Adjustments To Tighten Its Standard On Banks' Exposures To Cryptoassets

Date 14/12/2023

• Basel Committee publishes consultation on targeted adjustment to its standard on banks' exposures to cryptoassets.
• Adjustments tighten the criteria for stablecoins to receive a preferential regulatory treatment.
• Comments on the proposed adjustments requested by 28 March 2024.

BIS: Cross-Border Crisis Simulation Exercise In Sub-Saharan Africa

Date 14/12/2023

• The Financial Stability Institute conducted a cross-border crisis simulation exercise with financial authorities from eight countries in sub-Saharan Africa.
• The participants coordinated well and developed sound strategies for responding to the bank failure under their domestic frameworks.
• The report on the exercise makes recommendations based on the findings.

Moscow Exchange: Updated Constituents List For OFZ Zero Coupon Yield Curve To Come Into Force On 15 December 2023

Date 14/12/2023

On 15 December 2023, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force.

Statement Of CFTC Commissioner Christy Goldsmith Romero Before The Agricultural Advisory Committee, Washington, D.C.

Date 14/12/2023

Good morning, and a special thank you to the members of our Agricultural Advisory Committee.  I want to thank Chairman Behnam for sponsoring this Committee, the Designated Federal Officer Swati Shah and other staff.  It’s been a big week for meetings at the Commission, but I think we’ve saved the best for last.

IOSCO Seeks Feedback On Proposed Good Practices To Improve Trading Venues’ Resilience In Case Of Market Outages

Date 14/12/2023

The International Organisation for Securities Commissions (IOSCO), the global standard setter for securities market regulators, today published its Consultation Report on Market Outages.

Emma Black Appointed As New President Of CISI North East Committee

Date 14/12/2023

The CISI is delighted to announce that Emma Black Chartered FCSI, Co-Founder and CEO of Cascade Cash Management, has been appointed new president of the CISI North East Committee. Emma takes over from Peter Douglas Chartered FCSI.

Statement On Jury's Verdict In Trial Of Mykalai Kontilai And Collectors Coffee Inc, Gurbir S. Grewal, Director, SEC Division Of Enforcement

Date 14/12/2023

On Dec. 13, 2023, after a seven-day trial, a jury in the United States District Court for the Southern District of New York found Mykalai Kontilai and his company, Collectors Coffee, Inc. (a/k/a Collectors Café) liable for securities fraud.  Each were found liable in connection with their roles in a fraudulent securities offering and Kontilai’s misappropriation of millions of dollars in investor proceeds.