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Fintech / Regtech
Malaysia Joins PoC Project to Test Cross-border Payment Links
By Editors | 11/11/2021
BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.
ESG / Sustainability
LSEG, JPX to Develop Climate Indices for Japan Equity Market
By Editors | 07/11/2021
The new indices will enable investors to reallocate capital based on the climate credentials and carbon performance of the constituent companies in the index.
ESG / Sustainability
FCA Seeks Input on Disclosure, Labelling System for ESG Products
By Editors | 07/11/2021
The FCA is seeking views on product classification and labelling criteria for sustainable investment products, as well as asset manager and product-level disclosures.
Enforcement
FCA Bans Ex-Barclays Banker for Life Over EURIBOR Rigging
By Editors | 07/11/2021
The decision comes after the former banker lost an attempt to overturn his 2019 conviction and sentencing to five years in prison.
Market Infrastructure
China, EU Publish Common Sustainable Finance Taxonomy
By Manesh Samtani | 05/11/2021
The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.
Capital / Liquidity
UK Postpones Consultation Signalling Basel III Implementation Delay
By Editors | 03/11/2021
Implementation of the final Basel III requirements will not take place in the UK according to the globally agreed timeline.
ESG / Sustainability
UK Climate Reporting Legislation for Companies “Lacks Ambition”
By ESG Investor | 03/11/2021
The existing scope of companies falling under new requirements is too narrow and TCFD alignment not close enough, says ClientEarth.
Big Picture
UK Considers Use of Climate Risk Capital Buffers
By Editors | 31/10/2021
The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.
Capital / Liquidity
EU Defers Full Basel III Implementation to January 2025
By Manesh Samtani | 29/10/2021
The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.
Fintech / Regtech
S&P-IHS Deal Wins Regulatory Approval in Europe
By Ranamita Chakraborty | 28/10/2021
The European Commission accepted commitments by S&P Global and IHS Markit to divest businesses that raised competition concerns.
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