International

Market Infrastructure

European Commission Proposes to Strengthen Supervisory Bodies

By Editors | 29/11/2021

In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.

Market Infrastructure

EU Lawmakers Agree to Defer Mandatory Buy-in Rules

By Manesh Samtani | 29/11/2021

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

ESG / Sustainability

Japan FSA Calls for Sharper Focus on ‘Transition’ Concept

By Mark Johnston | 29/11/2021

The FSA’s Satoshi Ikeda says corporate disclosures need to capture genuine progressive efforts towards achieving carbon net zero, not just point-in-time snapshots.

Crypto / Digital Assets

Can Crypto be Green?

By ESG Investor | 26/11/2021

Energy-intensive and unregulated, institutional investors are proving reluctant to back the rapidly growing asset class.

Big Picture

Alignment of Taxonomies “Critical” for Improving ESG Data

By ESG Investor | 26/11/2021

A consistent approach to taxonomies is necessary to help mobilise capital towards sustainable solutions, said ICMA’s Ricco Zhang.

Fintech / Regtech

WEF Releases White Paper Series on Digital Currency Governance

By Mark Johnston | 24/11/2021

The private sector can make critical contributions to CBDC design and development, says StanChart’s John Ho, who co-authored the papers.

Securities / Derivatives

IOSCO Issues Final Report on Regulating ESG Ratings & Data

By Editors | 23/11/2021

Regulators should promote more transparency regarding the methodologies that ESG ratings and data product providers use, IOSCO says.

Capital / Liquidity

FSB Publishes 2021 List of Global Systemically Important Banks

By Editors | 23/11/2021

JP Morgan, BNP and Goldman have moved to higher buckets, meaning they will have to hold larger capital buffers from 1 January 2023.

Market Infrastructure

FSB Calls for Urgent Action Complete LIBOR Transition Steps

By Manesh Samtani | 23/11/2021

The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.