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Emerging Prudential Risks
FSB, IMF Conclude Second G20 Data Gaps Initiative
By Editors | 09/06/2022
A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.
Climate Risk
EU ETS Reform Proposal Falls at Parliamentary Hurdle
By ESG Investor | 09/06/2022
Some MEPs argued this would result in more emissions in the short term, choosing to vote down the “weaker” proposal altogether, causing delays.
Emerging Prudential Risks
FSB Works to Develop Systemic Approach to NBFI Risks
By Editors | 08/06/2022
The FSB explains the sources of risk in the NBFI sector, and the data, tools and policy approaches available to monitor and address these risks.
Market Abuse
Old Misconduct Patterns Are Repeating in New Settings: FMSB
By Editors | 08/06/2022
Forms of misconduct which have been present for hundreds of years are playing out in new digital asset classes, including crypto assets and NFTs.
Reporting & Disclosures
EU Lawmakers Agree Gender Diversity Directive
By Editors | 08/06/2022
The law will require EU listed companies to have women take up at least 40% of non-executive board seats, or 33% of all director posts, by mid-2026.
Anti-Money Laundering
DOJ Calls for Stronger International Cooperation on Crypto Crime
By Editors | 08/06/2022
The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.
Climate Risk
Squelching Dissent Could Harm Credibility of ESG Policy
By Peter Guy | 08/06/2022
The climate action message has become strident, repetitious, and mired in intolerance, putting at risk the still-fragile credibility the movement has built thus far.
Cryptocurrency
BIS Paper Explains Why Crypto Cannot Function as Money
By Editors | 08/06/2022
Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.
Supervision & Enforcement
GCFFC Forms New Technology Experts Working Group
By Editors | 08/06/2022
The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.
Sustainable Finance
Five Banks Join HKMA-IFC Green Banking Initiative
By Editors | 08/06/2022
BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.
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