FSB on the Shadow Banking Sector

Published on:
May 16, 2011

The Global Financial Markets Association (GFMA), which is an alliance between SIFMA, ASIFMA, and AFME, provides comments to the Financial Stability Board (FSB) on a FSB background note entitled, Shadow Banking: Scoping the Issues. GFMA provides comments on this FSB note issued on April 12 which sets out the current thinking of the FSB task force to develop initial recommendations to strengthen the oversight and regulation of the shadow banking system. GFMA supports the FSB’s view that a single regulatory approach for all non-banking activities is unlikely to be effective; differentiation is necessary to account for different business models, risk characteristics, and contribution to systemic risk. Significant changes to bank prudential requirements in Basel III could lead to a need for increased non-bank funding to complement funding provided by banks. We support the FSB’s view that a single regulatory approach for all non-banking activities is unlikely to be effective and differentiation is necessary to adjust for various business models.  In particular, we support the promotion of increased transparency of unregulated activities through reporting and disclosure to the relevant authorities rather than other additional regulation.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.