FSB and IOSCO to Consider Standards for Treating Investment Funds and Asset Managers as Global Systemically Important Financial Institutions

January 17, 2014

The Financial Stability Board (FSB), in consultation with the International Organization of Securities Commissions (IOSCO), issued “Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions: Proposed High-Level Framework and Specific Methodologies” (Assessment Report) on January 8, 2014. It was prepared at the request of the G20 Leaders, who asked for methodologies to identify systemically important non-bank non-insurer (NBNI) financial entities. This effort is parallel to, and likely to impact, the U.S. Financial Stability Oversight Council (FSOC), which is also considering the extent to which systemic prudential regulation should be applied to a larger group of non-bank financial companies.

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