The Financial Stability Board proposals for insurance resolution strategies allow for significant supervisory discretion to reflect specific business models at each global systemic insurer.

Regulators are seeking more information on systemic and liquidity risks from stress testing, but computational burdens are rising.

A longer timeline and clearer structure for total loss-absorbing capacity will help banks comply, but much depends on crisis management groups. 

Regulators on both sides of the Atlantic are raising concerns about the systemic risks of open-ended and exchange-traded funds holding illiquid assets.

The industry is urging regulators to avoid superseding local regimes at the first step of developing global insurance capital standards.

The stay protocol signed by global systemic banks to promote orderly resolution of large dealers has been extended to include securities financing transactions.

The leverage ratio and net stable funding ratio could make securities financing activities unprofitable for broker-dealers, threatening the availability of derivative collateral and the business model of hedge funds that rely on leverage.

The European Securities and Markets Authority has warned that some reporting systems needed to implement the Markets in Financial Instruments Directive will not be ready for the go-live date in January 2017.