G20 systemic risk

The G20 has stated the overarching need for better macro prudential oversight (MPO) to monitor the build up of systemic risk through expanded data collection from large and complex firms.  Its 93-point action plan is crammed full of new ideas – and some recurring themes from the past.  However, when looked at in aggregate, how this all fits together is far from clear.  Perhaps most importantly, there is no unifying strategy document that defines the scope of the capabilities required or an impact assessment to indicate the size of the change.


Press releases
TitleDate Added
New research: Five years on, G20 regulatory risk is a top priority for senior executives25 September 2014
Is your ICT infrastructure robust enough for G20 regulatory reform?29 March 2012
New JWG study shows firms slow to respond to risk data management requirements29 March 2011
JWG risk report finds penalties will drive firms to improve their risk information17 February 2011
Industry debate concludes lack of leadership is the main barrier to G20 spotting the next financial crisis12 October 2010

DescriptionDate Added
[RegBeacon] Issue 613 January 2014
[RegBeacon] Issue 619 July 2013
[RegBeacon] Issue 414 February 2013
[RegBeacon] Issue 31 October 2012
[RegBeacon] Issue 226 April 2012

FREE DownloadsDate Added
2013-06-07 HB Client Alert - New EU Benchmarks Regulation.pdf11 June 2013
JWG response to FSB consultation on the oversight and regulation of shadow banking entities14 January 2013
Resolution - the new regulatory imperative. Ash Saluja, CMS Cameron McKenna.23 November 2011
Consultation response to 'Office of Financial Research; Statement on Legal Entity Identification for Financial Contracts' from JWG Group and the BBA31 January 2011
Call to action: bridging the SIFI data gap PDF10 January 2011

JWG alerts
PRA publishes anchor stress testing scenario; BoE expected to pilot separate US-style tests on FPC recommendation:http://t.co/dZJ7i4pGlp
Rewriting insolvency law: Council finalises RRD position; wide scope for national discretion gives little certainty http://t.co/7DaiQuhQ30
Interest rate risk: Pre-CRD CP says bank IT systems must measure exposure on a single transaction basis http://t.co/JsO0FHuLRG
BCBS releases consultation on leverage ratio calculation and public disclosure. Comments by 20 September: http://t.co/i30lzULSVb
EU bail-in deal reached: States must fund 8% of bank's liabilities with creditors' money before using public funds:http://t.co/2OpDDqNIzr
For more alerts see here

Hot topics
year US UK transparency trading systems system SyRiG rule risk review report regulatory regulators regulation reform mifid market management LiRAN liquidity risk liquidity issues information industry global fund fsa fs firms

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Regulatory identifiers (GRIS)
The Global Regulatory Identifier Steering Group (GRIS) is a collaborative initiative bringing together European sell-side trade bodies. It represents the European sell-side perspective, whilst creating a global dialogue between, and amongst, policymakers and industry.

PublicationDate Added
JWG response to FSB consultation on the oversight and regulation of shadow banking entities 14 January 2013
JWG response to FSB consultation on shadow banking risks in securities lending and repos14 January 2013
FS infrastructure: ready for G20 reform?12 March 2012
The new business of risk management14 February 2011
Achieving supervisory control of systemic risk20 September 2010