Public responses to November 2012 consultative documents Strengthening Oversight of Shadow Banking

The FSB published in November 2012 its Consultative Documents on Strengthening Oversight and Regulation of Shadow Banking, which provided an initial integrated set of policy recommendations to strengthen oversight and regulation of shadow banking. The Consultative Documents include:

• A report entitled An integrated Overview of Policy Recommendations which sets out the FSB's overall approach to shadow banking issues and provides an overview of its recommendations across the five specific areas;
• A report entitled Policy Framework for Strengthening Oversight and Regulation of Shadow Banking Entities which sets out a high-level policy framework to assess and mitigate bank-like systemic risks posed by shadow banking entities other than money market funds (MMFs); and
• A report entitled Policy Recommendations to Address Shadow Banking Risks in Securities Lending and Repos that sets out 13 recommendations to enhance transparency, strengthen regulation of securities financing transactions, and improve market structure.

The FSB indicated that it would welcome comments on these Consultative Documents by 14 January 2013. These comments are available below.

The FSB wishes to thank those who have taken the time and effort to express their views, which will serve as an input to its work to finalise policy recommendations by September 2013.

• Alternative Investment Management Association
• American Securitization Forum
• Amundi Asset Management
• Amundi Asset Management - comments on WS3
• Amundi Asset Management - comments on WS5
• Association Française de la Gestion financière
• Association Française des Sociétés Financières
• Association Française des Sociétés Financières - Attachment
• Association of British Insurers
• Association of Financial Guaranty Insurers
• Association of the Luxembourg Fund Industry
• Association of the Luxembourg Fund Industry_Attachment 1
• Association of the Luxembourg Fund Industry_Attachment 2
• Australian Financial Markets Association
• BBVA
• BlackRock, Inc.
• Bond Dealers of America
• BPF/ INREV / ZIA
• BVI - Bundesverband Investment und Asset Management - comments on WS5
• BVI- Bundesverband Investment und Asset Management - comments on WS3
• Canadian Bankers Association - comments on WS3
• CBA / CASLA / IIAC
• Central Bank of Ireland
• Clifford Chance
• CNMV Advisory Committee
• CreditUtility.eu - comments on WS5 (C. Campbell; T. Joulia)
• CreditUtility.eu - comments WS3 (C. Campbell; T. Joulia)
• Deutsche Bank
• Deutscher Factoring Verband
• Deutsches Aktieninstitut
• Die Deutsche Kreditwirtschaft
• EFAMA - European Fund and Asset Management Association
• EquiLend Holdings LLC
• Federated Investors, Inc.
• Fédération Bancaire Française
• Fein Law Offices
• Fein Law Offices_Attachment
• Global Financial Markets Association - comments on WS3
• Global Financial Markets Association - comments on WS5
• Global Reinsurance Forum
• Hedge Fund Standards Board
• Hiroyuki Ota
• HSBC Global Asset Management
• ICI - comments on WS5
• ICI / ICI Global - comments on WS3
• ICI Global
• ICMA Asset Management and Investors Council
• ICMA European Repo Council
• Institute of International Finance
• Institutional Money Market Funds Association
• Insurance Europe
• International Banking Federation
• International Regulatory Strategy Group
• Investment Management Association
• Investment Management Association of Singapore - comments on WS3
• Investment Management Association of Singapore - comments on WS5
• Irish Funds Industry Association
• J. P. Morgan Asset Management
• James Stewart - Associate Professor in Finance; School of Business Trinity College
• Japan Financial Markets Council
• Japanese Bankers Association - comments on WS3
• Japanese Bankers Association - comments on WS5
• JWG - comments on WS3
• JWG - comments on WS5
• LCH.Clearnet Group Limited
• Leaseurope Eurofinas
• Markit
• MBIA Inc.
• Mortgage Insurance Companies of America
• Mortgage Insurance Companies of America_Attachment
• National Research University - Higher School of Economics (Malkov E.S. ; Penikas H.I.)
• Nomura Holdings, Inc.
• Prime Collateralised Securities
• Quadriserv, Inc.
• REGIS-TR
• Securities Industry and Financial Markets Association
• State Street Coorporation
• SunGard
• The Housing Finance Corporation
• The International Securities Lending Association
• The Life Insurance Association of Japan
• The Loan Market Association
• The Luxembourg Bankers' Association
• The Risk Management Association
• UBS AG
• UNI Finance Global Union
• UniCredit
• VGF - Verband Geschlossene Fonds e.V.
• World Future Council