The Financial Stability Board (FSB) has today published a progress report for the G20 on the FSB’s work on addressing misconduct in the financial sector. The progress report on the Measures to reduce misconduct risk sets out details about the FSB-coordinated work to address misconduct in the financial sector and the timeline for the actions. That work includes: considering whether post crisis reforms to incentives are sufficient to address misconduct risks; and whether steps are needed to improve global standards of conduct in the fixed income, commodities and currency (FICC) markets, including, including improvements in the integrity and reliability of benchmarks. Highlights from the reports include:
The role of incentives in reducing misconduct in markets and institutions
International coordination on conduct in FICC markets
Coordination in the application of conduct regulation and the need for credible deterrence
The FSB is encouraging senior officials from prudential and conduct financial authorities to share information on their respective powers and approaches to the supervision and enforcement of conduct rules.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Online Cricket Betting from 10CRIC – The Best Entertainment, Odds, Bonuses and Promotions
INOX Launches ‘Megaplex’– World’s First Multiplex With Maximum Formats & Experiences
Evocus – India’s first natural black alkaline mineral water – now set to make waves in Delhi-NCR
TCS iON Launches Artificial Intelligence – Driven Command Center to Monitor Examination Venues in Real-time
RCA TV offers never before prices (up to 61% off) on its smart TVs for Diwali
2014 The Global Indian New Network (TGINN)