Financial Stability Board

Central banks are focusing on stress testing and scenario analysis on the economic impacts of climate change.

SINGAPORE (Oct 1): Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), is said to be in the running to head the Financial Stability Board, the watchdog for the global financial system, according to Bloomberg.

HONG KONG (July 5): Singapore's banking regulator has told lenders it will delay by a year the implementation of global rules designed to rein in trading risks –  the latest sign that the post-crisis overhaul of the world's banking system may

LONDON (Nov 22): Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the US bank will have to hold extra capital from 2019 to help preserve financial stability.

LONDON (May 25): Regulators have yet to get a firm handle on the world's US$35 trillion ($48.3 trillion) shadow banking sector with supervision and data gathering still too patchy for spotting risks properly, the global Financial Stability Board said