BIS Tackles NBFI-Reform Specifics
Building on the FSB’s NBFI priority focus, BIS Managing Director Agustín Carstens today reiterated his call for both entity-and activity-based standards for systemic-scale nonbanks.

White House Emphasizes Anti-Corruption Commitments
In connection with the President’s democracy summit, the White House today issued a fact sheet laying out a reinvigorated version of the President’s prior anti-corruption commitment.

OCC Outlines Climate-Risk Agenda
The OCC’s semi-annual risk report today includes a new section on the agency’s climate-risk plans. As anticipated, the OCC in the near-term will build out large-bank risk-management standards based on Basel’s new principles (See FSM Report CLIMATE12), but these will be only the agency’s “first step.”