FSB publishes SFT reporting guidelines
06 March 2018 London
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The Financial Stability Board (FSB) has published a set of reporting guidelines for securities financing transactions.
The guidelines provide detailed advice for authorities in reporting securities financing data according to the November 2015 Securities Financing Data Standards.
This includes the main aspects of the FSB’s securities financing data collection, data template for national and regional authorities to report to the global aggregator that contains all the data elements shown in the standards, the codes for classification and annexes aimed to help data reporting and improve data quality.
The guidelines come five years after the FSB published its policy framework for “Addressing Shadow Banking Risks in Securities Lending and Repos”, which was published in August 2013, setting out final recommendations to address financial stability risks in relation to securities lending and repos.
These included recommendations for national and regional authorities to improve data collection on securities lending and repo markets in order to detect financial stability risks and develop policy responses, and for the FSB to aggregate the total national and regional data for these markets in order to assess global trends in financial stability.
In November 2015, the FSB published a report on the Standards and Processes for Global Securities Financing Data Collection and Aggregation that set out, along with recommendations to national and regional authorities related to the collection of data from market participants, the finalised standards and processes for global securities financing data collection and aggregation for the reporting of aggregates by these authorities to the FSB.
The FSB’s latest guidelines define the reporting guidelines for implementing the November 2015 FSB Global Securities Financing Data Standards.
The guidelines provide detailed advice for authorities in reporting securities financing data according to the November 2015 Securities Financing Data Standards.
This includes the main aspects of the FSB’s securities financing data collection, data template for national and regional authorities to report to the global aggregator that contains all the data elements shown in the standards, the codes for classification and annexes aimed to help data reporting and improve data quality.
The guidelines come five years after the FSB published its policy framework for “Addressing Shadow Banking Risks in Securities Lending and Repos”, which was published in August 2013, setting out final recommendations to address financial stability risks in relation to securities lending and repos.
These included recommendations for national and regional authorities to improve data collection on securities lending and repo markets in order to detect financial stability risks and develop policy responses, and for the FSB to aggregate the total national and regional data for these markets in order to assess global trends in financial stability.
In November 2015, the FSB published a report on the Standards and Processes for Global Securities Financing Data Collection and Aggregation that set out, along with recommendations to national and regional authorities related to the collection of data from market participants, the finalised standards and processes for global securities financing data collection and aggregation for the reporting of aggregates by these authorities to the FSB.
The FSB’s latest guidelines define the reporting guidelines for implementing the November 2015 FSB Global Securities Financing Data Standards.
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