Week InReview

FSB releases 2017 G-SIB list

(Nov 21) The Financial Stability Board (FSB) published the 2017 list of global systemically important banks (G-SIBs)  using end-2016 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). Read more here.

The FSB, in consultation with the IAIS (International Association of Insurance Supervisors), decided not to publish  a new list of G-SIIs (global systemically important insurers) for 2017. Policy measures will continue to apply to the firms listed in the 2016 G-SII communication. Read the statement here.
Fri Nov 24, 2017
Let's recap
In case you missed it . . .
The definitive list of asset managers that will pay for research
MiFID II: Fund houses that will absorb research costs (updated Nov 22)

Critics say regulator's disclosures on performance and costs don't go far enough (Nov 22)

Low volatility paradox will catch out investors and regulators
Search for yield this time is more complex and opaque than in the past (Nov 21)

Citi and BNP seen as less risky in global regulators' ranking
Financial Stability Board recommends capital surcharge levels; Credit Suisse falls; Royal Bank of Canada added to ranking (Nov 21)

Shadow banking is booming outside regulators grip
It's larger than the world economy. It poses risks to financial stability. And its name conveys a sense of murkiness. (Nov 20)
The Cyber Cafe
Cybersecurity news every Friday
SEC exam priorities said to focus on cybersecurity in 2018
The new examination priorities list, usually released in January, would be the roadmap for OCIE activities for the year.

Tips to protect the DNS from data exfiltration
If hackers break in via the Domain Name System, most business wouldn't know until it's too late. These tips can help you prepare.

The dangerous data hack that you won't even notice
By focusing only on hackers' efforts to extort money or mess with our political process, we may have been missing what is potentially an even scarier possibility: data manipulation.
Quartz
FOMC minutes release
Key takeaways
(Nov 21) -- Federal Open Market Committee members generally agreed their Nov. 1 statement needed to include only a "brief reference" to the central bank's balance sheet normalization program, and that future statements may not mention it at all, minutes from the Oct. 31-Nov. 1 meeting show. Some key takeaways:
  • Many FOMC participants are ready to hike rates "in the near term" - a fairly clear signal that December is the plan, absent some economic shock.
  • The pace of rate hikes for 2018 and whether to hike in March are open questions.
  • The FOMC is a bit discouraged that inflation may take longer than expected to get to the 2% target.
  • Asset-price bubbles have returned as a potential concern. There is a heightened awareness of financial stability issues.
  • The FOMC is monitoring the congressional tax plan closely, and the tax cuts are seen as potentially boosting investment.
  • The committee is happy with the balance sheet normalization, which has gone very smoothly.
Binge reading disorder
Hand-curated, chosen with love.
World leaders to meet under all-female co-chair team at Davos 2018
The next World Economic Forum of world leaders and CEOs in Davos will be chaired by women including International Monetary Fund director Christine Lagarde, Norwegian Prime Minister Erna Solberg and IBM's  chief executive Ginni Rometty.
-  Reuters

Opening for Capitol Hill bank chief required tapping swamp cash
In the fractious U.S. capital, everyone can agree on this: Being chairman of the House Financial Services Committee is a cushy gig.

How to shop smart on Black Friday (and Cyber Monday)
Long before your Thanksgiving dinner has settled, retailers start to lure you in on Black Friday and Cyber Monday with doorbuster sales and in-store discounts.