GFMA submitted a response letter to the FSB in regarding its consultation on evaluation of too-big-to-fail (TBTF) reforms for banks. The response outlined key achievements in addressing TBTF, the areas that warrant further analysis and the other questions that should be asked in order to complete the evaluation.
Evaluation of Post Crisis Reforms
GFMA, IIF and ISDA Submit Response to BCBS on Leverage Ratio Treatment of Client Cleared Derivatives
GFMA, the International Swaps and Derivatives Association (ISDA) the Institute of International Finance (IIF) submitted a join response to the Basel Committee on Banking Supervision’s consultation on the leverage ratio treatment of client cleared derivatives. The industry believes that in the context of a bank exposure created by a client cleared derivative transaction, the leverage ratio framework should recognize the exposure-reducing effect of initial margin, particularly as it is not used to increase the bank’s leverage.
GFMA FX Division Submits Comments to the BCBS on its Consultative Document 'Leverage ratio treatment of client cleared derivatives'
GFMA FX Division Submits Comments to the BCBS on its Consultative Document “Leverage ratio treatment of client cleared derivatives”
The GFMA and ICMA Repo Market Study: Post-Crisis Reforms and the Evolution of the Repo and Broader SFT Markets
GFMA and IIF Response to FSB Consultation on Impact of Reforms on Infrastructure Finance, August 30
GFMA, ISDA and JFMC Joint Response on FSB's consultation on Proposed Framework for Post-Implementation Evaluation of the Effects of the G20 Financial Regulatory Reforms
GFMA, the International Swaps and Derivatives Association (ISDA) and Japan Financial Markets Council (JFMC) responded to the Financial Stability Board (FSB) on FSB's consultation on Proposed Framework for Post-Implementation Evaluation of the Effects of the G20 Financial Regulatory Reforms.
GFMA and IIF Submit Comments to IOSCO Regarding Examination of Liquidity of the Secondary Corporate Bond Markets
GFMA and the Institute of International Finance (IIF) provide comments to the International Organization of
Securities Commissions (IOSCO) in response to the IOSCO paper and consultation issued in August 2016 entitled Examination of Liquidity of the Secondary
Corporate Bond Markets.
GFMA Submits Letter to Multiple Regulators along with a Report on the Interaction, Coherence, and Overall Calibration of Post Crisis Basel Reforms
GFMA provides letter to multiple regulators accompanying a copy of a report commissioned from Oliver Wyman, which analyzes the interaction, coherence, and overall calibration of post crisis regulatory reform measures agreed upon, or under active consideration, by the Basel Committee on Banking Supervision (BCBS). The full report is available here.
Also, see: GFMA Press Release