Outgoing Banque de France governor Christian Noyer has said uniformity between bank and shadow bank rules could have adverse unintended consequences.

Buy-side firms remain reluctant to adhere to a protocol that would stay their right to terminate derivative trades with a bank that enters resolution.

The Bank for International Settlements foreign exchange working group intends to look beyond drafting a single global code of conduct, to find ways of ensuring participants adhere to the code.

Mark Carney has called on regulators and the industry to try to factor in the long-term financial stability implications of climate change, and the Financial Stability Board is examining the prospects for better disclosure and stress testing.

Proposed rules would cut risk charges for insurers to hold infrastructure assets, but require stringent qualifying criteria and stress testing.

The International Organisation of Securities Commissions says four of the five largest jurisdictions for money market funds have declined to follow its recommendation to move to variable net asset values.