The shadow banking system can broadly be described as credit intermediation involving entities and activities outside the regular banking system. Intermediating credit through non-bank channels can have important advantages and contributes to the financing of the real economy, but such channels can also become a source of systemic risk, especially when they are structured to perform bank-like functions (e.g. maturity transformation and leverage) and when their interconnectedness with the regular banking system is strong. Therefore, appropriate monitoring of shadow banking helps to mitigate the build-up of such systemic risks. The FSB set out its approach for monitoring the global shadow banking system in its report to the G20 in October 2011. This report presents the results of the third annual monitoring exercise following this approach, using end-2012 data. The report includes data from 25 jurisdictions and the euro area as a whole, bringing the coverage of the monitoring exercise to about 80% of global GDP and 90% of global financial system assets.
Tag Archive for G20
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G20 2010 Seoul Summit Photos
viewO – http://www.flickr.com/photos/fottav/ Bas Verbeek – http://www.flickr.com/photos/basverbeek/ Yohan Park – http://www.flickr.com/photos/ggamdungi/ Chiew Ping Hoo – http://www.flickr.com/photos/chiewping/
G8
Final and Draft Versions of G8 Muskoka Declaration
Final and Draft Versions of G8 Muskoka Declaration from May 26 – June 26, 2010.
International Monetary Fund
IMF G20 Report: Fair and Substantial Financial Sector Contribution
This report responds to the request of the G-20 leaders for the IMF to: “…prepare a report for our next meeting [June 2010] with regard to the range of options countries have adopted or are considering as to how the financial sector could make a fair and substantial contribution toward paying for any burden associated with government interventions to repair the banking system.”
Canada
G20/G8 Integrated Security Unit “Increased Awareness and Reporting” Handout
You are an important community partner and you can help us with our planning by asking your staff to be alert and vigilant. For instance, ask employees to:
Report to your security officers and the Toronto Police Service any suspicious persons found in the “staff only” areas of downtown locations,
Report to your security officers and the Toronto Police Service any suspicious activity that could be of potential concern such as suspicious photography in or around the work place; suspicious packages; insecure doors;
Canada
Toronto G20/G8 Protest Police State Photos
Photos taken from Flickr.
Canada
Security Costs Report for the Toronto 2010 G8 and G20 Summits
Key Points:
* The PBO was asked to assess the reasonableness of the security costs for the upcoming G8 and G20 Summits in Huntsville and Toronto.
* The Government of Canada has been relatively transparent, when compared to other countries, on the costs of security related to the summits. The total cost of security for the 2010 G8 and G20 Summits amounts to $930M, which includes $507M for RCMP, $278M for Public Safety, $78M for National Defence and a $55M contingency reserve.
* The PBO found it difficult to find comparable data of past events to assess the security costs related to the 2010 Summits. This is largely due to the lack of disclosure by other jurisdictions, differences in key considerations and cost drivers of summit security and differences between base versus incremental funding.
Canada
Toronto G20 Summit Integrated Security Unit Lockdown Information
The Government of Canada has chosen Toronto as the location of the Group of Twenty (G20) Summit on Saturday and Sunday, June 26 and 27, 2010 at the Metro Toronto Convention Centre. Security for the Summit is being managed by the Integrated Security Unit (ISU), a joint security team led by the Royal Canadian Mounted Police (RCMP) in partnership with the Toronto Police Service (TPS), the Ontario Provincial Police (OPP), the Canadian Forces (CF) and Peel Regional Police (PRP).