Financial Stability Board definition
Financial Stability Board means the organisation established by the Group of Twenty (G20) in April 2009;
Financial Stability Board means the Financial Stability Board established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum.
Financial Stability Board means the international body of that name, established in April 2009, that monitors and makes recommendations about the global financial system.
Examples of Financial Stability Board in a sentence
Following certain proposals of the Basel Committee and the Financial Stability Board, the European Commission proposed on 23 November 2016 a comprehensive package of banking reforms (the "EU Banking Reforms").
See also, Financial Stability Board, “Consultative Document – Strengthening Oversight and Regulation of Shadow Banking: An Integrated Overview of Policy Recommendations” (18 November 2012) 1 at 3, available at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/wp-content/uploads/r_121118.
Such internationally agreed standards are, inter alia, those adopted by the G20, the Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the International Association of Insurance Supervisors (IAIS), the International Organisation of Securities Commissions (IOSCO), the Financial Action Task Force (FATF), and the Global Forum on Transparency and Exchange of Information for Tax Purposes of the Organisation for Economic Cooperation and Development (OECD).
To strengthen supervision and regulation, a key policy goal of the Financial Stability Board is to “transform shadow banking into a resilient market-based financial system” by introducing “minimum standards for haircut practices” 23 This will be further elaborated upon in subsequent sections of this chapter.
The compensation policy as recently amended by the NCCOM and approved by the Board, conforms to compensation related corporate governance and supports the SAMA rules and Financial Stability Board (FSB) guidelines.
More Definitions of Financial Stability Board
Financial Stability Board means an independent board established to coordinate at the international level the work of national financial authorities and international standard-setting bodies in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies;
Financial Stability Board means the Financial Stability Board (or any successor or replacement organisation from time to time).
Financial Stability Board means the organisation established in April 2009 to coordinate at the international level the work of national financial authorities and international standard setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, bringing together national authorities responsible for financial stability in significant international financial centres, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts.
Financial Stability Board means the Financial Stability Board established after
Financial Stability Board means the Financial Stability Board established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum. “First Lien First Out Loan” means one or more tranches of First Lien Loans issued by an Obligor under the same Related Documents as a First Lien Last Out Loan that at any time prior to and/or after an event of default under the Related Documents, will be paid in full in accordance with a specified waterfall or other priority of payments as specified in the Related Documents, an agreement among lenders or other applicable agreement before such First Lien Last Out Loan is paid. “First Lien Last Out Loan” means a Collateral Loan that would be a First Lien Loan but for the fact that at any time prior to and/or after an event of default under the Related Documents, such Collateral Loan will be paid after any First Lien First Out Loan issued by the Obligor have been paid in full in accordance with a specified waterfall or other priority of payments as specified in the Related Documents, an agreement among lenders or other applicable agreement or the Obligor has a Working Capital Revolver that is at any time prior to and/or after an event of default, senior to such Collateral Loan in payment priority or in lien priority with respect to all collateral securing such Collateral Loan; provided that if (x) the First Out Leverage, excluding Working Capital Revolver capacity from clause (x) of the definition of First Out Leverage, of such Collateral Loan is less than 0.50:1.00 of leverage of the Obligor thereof, as determined by the Servicer in accordance with the Servicing Standard and (y) the First Out Leverage of such Collateral Loan is less than 1.50:1.00, as determined by the Servicer in accordance with the Servicing Standard, then such Collateral Loan will constitute a First Lien Loan; provided, further, that from time to time, the Administrative Agent may propose certain additional terms or conditions for any individual Collateral Loan to constitute a First Lien Loan pursuant to the immediately preceding proviso, and in the event that such Collateral Loan does not satisfy such additional terms or conditions, such Collateral Loan shall not constitute a First Lien Loan (and if the Administrative Agent imposes any additional term or condition and such term or condition is not satisfied, such Collateral Loan will be deemed a rejection of an Approval Request).
Financial Stability Board means the Financial Stability Board established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum. “Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Applicable Index. “NYFRB” means the Federal Reserve Bank of New York. “Relevant Governmental Body” means (1) with respect to a Benchmark Replacement in respect of Dollar Advances, the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any successor thereto and (2) with respect to a Benchmark Replacement in respect of Advances in Available Currencies other than Dollars, (i) the central bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (ii) any working group or committee officially endorsed or -91- convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated, (B) any central bank or other supervisor that is responsible for supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof. “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.
Financial Stability Board means the international body of that name, established in April 2009, that monitors and makes recommendations about the global financial system. “First Amendment Effective Date” means February 19, 2020. “First Amended & Restated Credit Agreement” has the meaning specified in the introductory statements hereto. “Flood Insurance Policy” has the meaning specified in Section 5.01(c)(iii). “Flood Laws” means the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994, the ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Flood Insurance Act of 2012, as such statutes may be amended or re-codified from time to time, any substitution therefor, any regulations promulgated thereunder, and all other legal requirements relating to flood insurance. “Flood Hazard Determination” means a “Life-of-Loan” FEMA Standard Flood Hazard Determination obtained by the Administrative Agent. 29