The Financial Stability Board (FSB) has issued a consultative document on Securities Lending and Repos in an attempt to strengthen the oversight and regulation of “shadow banking” system.
FSB believes policies are needed to address potential systemic risks associated with “shadow banking”, including prevention of “runs” with activities associated with securities financing contracts such as repos and securities lending.
The board is seeking comments on the documents, to be submitted by 14 January 2013, with final recommendations to be expected to be published in September 2013.
Please feel free to provide your feedback to either Lesley Charkow or Reeve Serman to be included in a CASLA response.
Please view the document by clicking here.