International

Securities / Derivatives

IOSCO Publishes Guidance on Enhancing SPAC Regulations

By Editors | 10/05/2023

The report focuses on addressing dilution risk, the protection of retail investors, and the “significant backlog” of SPACs seeking to avoid liquidation.

Capital / Liquidity

G7 Ministers to Discuss Measures to Prevent Bank Runs

By Editors | 09/05/2023

The G7 ministers intend to outline plans to prevent the kind of bank runs that led to the collapse of Silicon Valley Bank.

Sanctions

EU Commission Proposes Sanctions Against Chinese Companies

By Editors | 09/05/2023

The proposals also include sanctions on Iranian companies, measures to restrict sales of certain products to third countries, and powers to ban oil tankers that conceal their location.

Fintech / Regtech

BIS to Test Quantum Resistant IT Environments for Financial System

By Editors | 09/05/2023

“Project Leap” will test the ability of a quantum-resistant algorithm to maintain the confidentiality of payment messages transmitted between Banque de France and Deutsche Bundesbank.

ESG / Sustainability

World Bank Assesses Bank Exposures to Nature-related Physical Risk

By Editors | 08/05/2023

New paper provides high-level analysis that policymakers can use to induce a “transformative shift” towards nature-positive activities and production processes.

ESG / Sustainability

LMA Publishes Model Provisions for Sustainability-linked Loans

By Editors | 07/05/2023

The model provisions provide a basic drafting framework to assist parties in the negotiation of documentation for sustainability-linked loans.

Fintech / Regtech

AI Ethics: A Framework for Investment Professionals

By Siva Ramachandran | 06/05/2023

CFA Institute’s Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.

ESG / Sustainability

Working Group Formed to Update Bank Guidance on Biodiversity

By Editors | 05/05/2023

The working group, co-led by Crédit Agricole SA, First Abu Dhabi Bank and UBS, will issue updated guidance for banks on setting and achieving biodiversity targets.

ESG / Sustainability

ISSB Seeks Stakeholder Feedback on New Research Projects

By Editors | 05/05/2023

The ISSB is proposing to start work on three new sustainability-related research projects and a project researching integration in reporting.