International

Emerging Prudential Risks

BIS Warns Central Banks of Inflation Threat

By Editors | 28/06/2022

The BIS warns that the dangers of stagflation “loom large” due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.

PEPs & Sanctions

Sanctions Force Russian Sovereign Debt Default

By Editors | 28/06/2022

Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

Liquidity Risk

BIS Launches Yuan Liquidity Facility for Central Banks

By Editors | 28/06/2022

Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.

ESG Data

ESG Ratings Providers Fall Short on Transparency – ESMA

By ESG Investor | 27/06/2022

There are 59 ESG ratings providers active in the EU, ESMA said in a letter to the European Commission.

Market Abuse

Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

By Editors | 26/06/2022

The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.

Climate Risk

Listed Equities’ Carbon Well Exceeds Paris Target

By ESG Investor | 26/06/2022

Stock exchanges’ listing rules are putting investors at risk, a new report from think tank Carbon Tracker finds.

Cryptocurrency

Bitcoin Consumes Less Energy than Classical Payments: Report

By Mark Johnston | 25/06/2022

Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.

KYC & CDD

Corporate Registries Should Issue LEIs in Bulk: BIS Paper

By Manesh Samtani | 25/06/2022

Bulk LEI issuance by corporate registries would enhance the efficiency and reliability of data collection and reduce the per-company cost of applying for an LEI.

Clearing & Post-Trade

ICMA Issues Guidance to Promote Bond Settlement Efficiency

By Editors | 25/06/2022

The best practice recommendations cover shaping of settlement instructions, partial settlement, auto-borrowing and netting.