IBFED Response to the BCBS Consultation on Fintech

The IBFed appreciates the opportunity to provide comments on the Consultative Document. At this time, we support each jurisdiction’s own bank supervisory agencies in their efforts to address the challenges and opportunities related to emerging fintech technologies while continuing to encourage comparably equivalent national regulatory approaches. Bank supervisors have the authority to supervise banks. Developing an international fintech regulatory framework may have its merits in certain circumstances, as is demonstrated by FATF for example, but could be premature regarding the fast-changing digital environment and because most bank supervisors don’t have the authority to provide this oversight within their own jurisdiction let alone across borders. IBFED Response to BCBS on, 31 Oct… Read More

Continue Reading

IBFed Response to IOSCO on Secondary Corporate Bond Markets

The IBFed appreciates the opportunity to provide comments to the IOSCO consultation report entitled, Regulatory Reporting and Public Transparency in the Secondary Corporate Bond Markets (Report).  The Report states that IOSCO undertook this report as part of its mandate to examine the global corporate bond markets, specifically focusing on issues related to regulatory reporting, transparency, and the collection and comparison of data across national jurisdictions. Response to IOSCO Secondary Corporate Bond Markets, 16 Oct 2017

Continue Reading