International

ESG / Sustainability

ISSB to Absorb TCFD Monitoring Responsibilities from 2024

By ESG Investor | 13/07/2023

The ISSB welcomes the FSB’s request to transfer the TCFD’s monitoring responsibilities to the ISSB from 2024.

ESG / Sustainability

ISDA Releases Climate Risk Assessment Framework for Trading Book

By Jill Wong | 13/07/2023

ISDA’s new framework extends the application of climate risk analysis which has so far been focused on the banking book to the trading book.

AML / KYC

EU Central Banks Making Progress in Money Laundering Fight

By Ranamita Chakraborty | 12/07/2023

The European Banking Authority (EBA) called upon EU central banks and financial regulators to do more to tackle money laundering/terrorist financing risk despite having made tangible progress through prudential supervision.

Big Picture

Collateral Use Can Introduce Financial Stability Risks: BIS Officials

By Manesh Samtani | 12/07/2023

Using collateral reduces incentives for borrower screening and monitoring and can undermine the safe haven status of government securities.

Crypto / Digital Assets

GDF Finalises Standards for Global Cryptoasset Market

By Manesh Samtani | 11/07/2023

Similar to the FX Global Code, the Standards include a “Statement of Commitment” form, allowing market participants to voluntarily sign up.

Crypto / Digital Assets

BIS Study: 24 Central Banks to have CBDCs by 2030

By Jill Wong | 11/07/2023

A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

AML / KYC

G7 Forms Joint Task Force to Tackle Corruption in Ukraine

By Editors | 10/07/2023

The G7 nations will collaborate on sharing information and devise strategic approaches to address Ukraine corruption-related challenges.

Crypto / Digital Assets

BIS Issues Security and Resilience Framework for CBDC Systems

By Manesh Samtani | 10/07/2023

The framework offers a seven step model to guide central banks in designing, implementing and operating secure and resilient CBDC systems.

ESG / Sustainability

NZIA an “Empty Shell” as it Scraps Emissions Target-setting Rules

By ESG Investor | 07/07/2023

NZIA members are no longer required to set or publish GHG emissions reduction targets.