Global Developments in Securitization Regulation
The Board of the International Organization of Securities Commissions
Download Document| Date Published | June 2012 |
| Version | |
| Primary Author | The Board of the International Organization of Securities Commissions |
| Other Authors | |
| Theme | The Secondary Market |
| Country |
Abstract
In response to a request from the G20, the Financial Stability Board (FSB) has been developing recommendations to strengthen oversight and regulation of the shadow banking system. As part of this work the FSB agreed to assess the case for action in respect of a number of areas, including regulation of securitization. Based on the FSB's decision, the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation (FSB SRC) requested IOSCO to, in coordination with the Basel Committee on Banking Supervision, conduct a stock-taking exercise in relation to requirements for risk retention and measures enhancing transparency and standardisation of securitisation products, and to develop policy recommendations as necessary.