FSB moves to tackle shadow-banking risks from SFTs
Haircut floors and common methodology aim to curb risks
The Financial Stability Board (FSB) today unveiled its final framework for the regulation of securities financing transactions (SFTs), in a step aimed at tackling risks in the shadow-banking sector.
SFTs include repos, securities lending and margin lending, and efforts to regulate them constitute one of the FSB's five principal ‘workstreams' on shadow banking.
Today's framework builds upon an initial consultation in August 2013, and comprises two main strands: a set of minimum standards to be
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