2015年-FSB全球金融稳定委员会_Implementation_of_the_G20_financial_regulatory_reforms_–_Dashboard_2页_384kb

Summary of FSB Jurisdictions' Implementation of Reforms (as of 31 October 2015)

Core Content

This document provides a summary of the implementation status of key financial reforms across FSB jurisdictions as of 31 October 2015. The reforms are grouped into five main areas: Basel III, Compensation, Over-the-Counter (OTC) Derivatives, Resolution, and Shadow Banking. The status of implementation is indicated using color codes and symbols, with additional letters denoting the extent of compliance or obstacles.

Main Reform Areas and Implementation Status

1. Basel III

• Risk-based capital: Some jurisdictions have implemented final rules, while others are still in the process or have not yet completed implementation.

  • C (Compliant): Australia, Canada, France, Germany, Hong Kong, Japan, Mexico, Singapore, South Africa, United Kingdom, United States.
  • LC (Largely Compliant): China, India, Indonesia, Saudi Arabia.
  • MNC (Materially Non-Compliant): Argentina, Brazil, Italy, Russia.
  • NC (Non-Compliant): United States (for certain elements).

• Liquidity Coverage Ratio (LCR):

  • C: Australia, Canada, France, Germany, Hong Kong, Japan, Mexico, Singapore, South Africa, United States.
  • LC: China, India, Indonesia, Saudi Arabia.
  • MNC: Argentina, Brazil, Italy, Russia.

• Higher loss absorbency for G-SIBs (Home Jurisdictions):

  • C: Australia, Canada, France, Germany, Hong Kong, Japan, Mexico, Singapore, South Africa, United States.
  • LC: China, India, Indonesia, Saudi Arabia.
  • MNC: Argentina, Brazil, Italy, Russia.

• Requirements for Domestic Systemically Important Banks (D-SIBs):

  • C: Argentina, Brazil, China, India, Indonesia, Russia, Saudi Arabia.
  • Δ: France, Germany, Italy, United Kingdom, United States.
  • MNC: Canada, Mexico, South Africa.

2. Compensation

• Status:

  • C: Australia, Canada, Japan, Mexico, Singapore, South Africa.
  • LC: China, India, Indonesia, Saudi Arabia.
  • MNC: Argentina, Brazil, France, Germany, Italy, Russia, United Kingdom, United States.
  • Δ: Brazil, France, Germany, Italy, United States.

• Notes:

  • Indicates whether all FSB Principles and Standards for Sound Compensation Practices are implemented or partially implemented.

3. Over-the-Counter (OTC) Derivatives

• Trade Reporting:

  • R: Argentina, Brazil, Russia.
  • D: Canada, France, Germany, Italy, United Kingdom, United States.
  • F: China, India, Indonesia, Saudi Arabia, South Africa, Switzerland.

• Central Clearing:

  • R: Argentina, Brazil, Russia.
  • D: Canada, France, Germany, Italy, United Kingdom, United States.
  • F: China, India, Indonesia, Saudi Arabia, South Africa, Switzerland.

• Platform Trading:

  • R: Argentina, Brazil, Russia.
  • D: Canada, France, Germany, Italy, United Kingdom, United States.
  • F: China, India, Indonesia, Saudi Arabia, South Africa, Switzerland.

• Margin:

  • R: Argentina, Brazil, Russia.
  • D: Canada, France, Germany, Italy, United Kingdom, United States.
  • F: China, India, Indonesia, Saudi Arabia, South Africa, Switzerland.

• Deadline Status:

  • Light Red: Indicates deadline for reform not lapsed.
  • Dark Red: Indicates deadline for reform has lapsed.

4. Resolution

• Status:

  • **** (Fully implemented): Argentina, Brazil, China, France, Germany, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, United Kingdom.
  • Δ (Partially implemented): Canada, India, United States.

• Notes:

  • Indicates whether the element of resolution regime is implemented or partially implemented.
  • For the powers column, **** means all three resolution powers (transfer, bail-in, temporary stay) are available.
  • Δ means one or two of the powers are available.
  • # means none of the powers are available.

5. Shadow Banking

• Money Market Funds (MMFs):

  • **** (More advanced than overall rating): Argentina, Brazil, China, France, Germany, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, United Kingdom, United States.
  • Δ (Implementation is more advanced than the overall rating in one or more elements): China, India, Indonesia, Saudi Arabia, South Africa, United States.

• Securitisation:

  • **** (More advanced than overall rating): Argentina, Brazil, China, France, Germany, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, United Kingdom, United States.
  • Δ (Implementation is more advanced than the overall rating in all elements): China, India, Indonesia, Saudi Arabia, South Africa, United States.

• Notes:

  • Indicates the level of implementation in the shadow banking sector, particularly in MMFs and securitisation.

Key Information

• The document uses a legend to explain the meaning of symbols and letters used to denote the implementation status.
• C/LC/MNC/NC are used for Basel III compliance.
• R/D/F are used for OTC derivatives trade reporting.
• **** and Δ are used to indicate the level of implementation for resolution and shadow banking.
• The table assumes that EU Member States have implemented the Bank Recovery and Resolution Directive and the Single Resolution Mechanism.
• Some jurisdictions have not yet finalised certain elements of the reforms, while others have faced obstacles such as legal barriers or limited access to data.