International

Trading & Investment

EU Backtracks on Financial Advice Inducement Ban – Report

By Editors | 13/05/2023

The new plan is to limit the proposed ban on inducement payments to “execution-only” sales of investment products where no financial advice is delivered.

Custody & Infrastructure

StanChart to Launch Digital Asset Custody Services from Dubai

By Editors | 13/05/2023

The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.

Sustainable Finance

New Investment Models Needed for Net Zero Goals

By ESG Investor | 12/05/2023

Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s David Carlin says transition finance flows to developing economies are too low to meet net zero targets.

CBDCs

BIS Innovation Hub Publishes Guidance on Offline CBDC Payments

By Editors | 12/05/2023

The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.

Reporting & Disclosures

ISSB Consults on International Applicability of SASB Standards

By Editors | 12/05/2023

The ISSB is consulting on a proposed methodology for improving the international applicability of the SASB Standards and removing regional bias.

PEPs & Sanctions

IRS, Chainalysis Team Up to Support Ukraine Law Enforcement

By Editors | 11/05/2023

The IRS is sponsoring Ukraine’s access to a Chainalysis blockchain analysis tool and also organising cyber training sessions.

Sustainable Finance

New Carbon Market Guidance for Host Countries

By ESG Investor | 11/05/2023

VCMI published guidance for host countries of VCM projects to develop a clear and stable regulatory environment.

Emerging Prudential Risks

FSB Assessing Role of Social Media in Bank Failures

By Sanday Chongo Kabange | 11/05/2023

Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

Custody & Infrastructure

30 Firms to Launch “Network of Networks” for Digital Assets

By Editors | 11/05/2023

The Canton Network will provide a decentralised infrastructure that connects independent applications like Deutsche Börse’s D7 post-trade platform and Goldman’s GS DAP.