International

Capital / Liquidity

FSB Spotlights NBFI Risks, Focusing on Liquidity Mismatch, Leverage

By Editors | 28/07/2023

FSB’s John Schindler outlined the steps being taken to address liquidity mismatches and leverage risk within the NBFI sector.

ESG / Sustainability

ISSB Consults on Proposed Taxonomy for IFRS Sustainability Standards

By Ranamita Chakraborty | 28/07/2023

The board intends to release the final digital taxonomy in early 2024, considering the feedback they receive.

Market Infrastructure

Monitoring Group Progresses Work to Enhance Standard-Setting System

By Editors | 27/07/2023

Monitoring Group comments on key advances in enhancing standards on international audit, assurance, ethics, and independence.

ESG / Sustainability

Climate-related Litigation More Than Doubles in Five Years

By Editors | 27/07/2023

Approximately 2,180 climate-related lawsuits were filed in 2022, compared to just 884 cases recorded in 2017.

Fintech / Regtech

Why Banks Should Leverage ISO 20022 as an Innovation Accelerator

By Pete McCormick | 26/07/2023

Pete McCormick discusses the challenges banks face in adopting ISO 20022, as well as the benefits of doing so, using a strategic approach.

AML / KYC

ESMA Withdraws Recognition Decisions for UAE CCPs

By Editors | 26/07/2023

The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

ESG / Sustainability

IOSCO Announces Formal Endorsement of ISSB Standards

By Manesh Samtani | 25/07/2023

IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.

Capital / Liquidity

Ukraine Government Nationalises Russian-owned Sense Bank

By Editors | 25/07/2023

A bill was signed into law in June that allows Ukraine’s government to nationalise banks owned by sanctioned Russian actors

Big Picture

BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles

By Ranamita Chakraborty | 25/07/2023

New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.