International

ESG Data

PITCH! REGTECH: ESG Data Needs to Be More Accurate 

By Ranamita Chakraborty | 25/05/2023

Panellists at Regulation Asia’s PITCH! REGTECH conference said RegTech needs to be “creative” to help FIs manage ESG data.

Cybersecurity

Five Eyes Agencies Warn of State Sponsored Cyber Attacks

By Editors | 25/05/2023

Chinese foreign ministry spokeswoman Mao Ning said the joint advisory is a “collective disinformation campaign” from the “empire of hacking”.

Structural Regulation

HSBC Planning Exit from Up to a Dozen Markets – Report

By Editors | 25/05/2023

It is not yet known which jurisdictions HSBC is considering exiting, but they are understood to be relatively small markets that may have underperformed.

Climate Risk

NGFS Explores Short-Term Climate Scenarios

By ESG Investor | 24/05/2023

The NGFS is inviting modelling teams to participate and contribute to the development of short-term climate scenarios.

Cryptocurrency

IOSCO Proposes First-Ever Global Regulations for Crypto Market

By Ranamita Chakraborty | 24/05/2023

The recommendations cover activities including offering, admission to trading, ongoing trading, settlement, market surveillance and custody, and retail distribution.

Clearing & Post-Trade

LCH SwapClear Completes USD LIBOR to SOFR Conversion

By Editors | 23/05/2023

In aggregate, LCH SwapClear has successfully converted approximately 600,000 USD LIBOR contracts with notional value of $45tr.

Nature & Biodiversity

G7 Leaders Committed to Tackling Biodiversity Crisis

By ESG Investor | 22/05/2023

The G7 will “identify incentives, including subsidies, harmful to biodiversity by 2025″.

PEPs & Sanctions

G7 Allies Impose Expansive New Russia-related Sanctions

By Manesh Samtani | 22/05/2023

The US issued more than 300 new designations. The UK, Canada, and Japan also announced new sanctions.

Structural Regulation

EU Commission Adopts MoU on UK Regulatory Cooperation

By Mark Johnston | 21/05/2023

The MoU is seen as a positive step, but it does not deal with access of UK and EU firms to each other’s markets or equivalence decisions.