The Financial Services Authority has published a report that set out the results from its latest Hedge Fund Survey (carried out in September 2010) and Hedge Fund as Counterparty Survey (carried out in October 2010).

The Financial Stability Board has released a background note which details its current thinking on the oversight and regulation of the shadow banking system.

The Financial Services Board has published a note which highlights that while exchange traded funds bring a number of benefits to investors and market participants, including easier access to specific asset classes or risk exposures, they may also generate new types of risk, linked to the complexity

The Financial Services Authority has published a paper which sets out the results of the FSA’s latest Hedge Fund Survey (conducted in March 2011) and the Hedge Fund as Counterparty Survey (conducted in April 2011).

This working paper from the International Monetary Fund looks at a global system comprising large banks from a range of countries to assess the sources of systemic risk and contagion from individual institutions to the system as a whole.

The Financial Stability Board has published a Peer Review Report on deposit insurance schemes which points to the trade-off between financial stability and market discipline, and warns about the dangers of moral hazard.

This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking would be a poor guide to necessary changes in insurance.

In a speech discussing the state of US financial reform, Timothy Geithner, the US Treasury Secretary, has stated that bank supervisors must be careful “not to overdo it with actions that cause undue damage to the availability of credit or liquidity to markets.”

The European Securities and Markets Authority has published a central repository of credit rating statistics and the historical performance of credit rating agencies.

The Financial Services Authority has supported a number of the initiatives contained in the European Commission’s MiFID II proposals, while highlighting a number of issues which the FSA considers to be problematic.