International

Market Infrastructure

IOSCO Updates, Expands Principles on Outsourcing

By Editors | 31/10/2021

IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.

Capital / Liquidity

EU Defers Full Basel III Implementation to January 2025

By Manesh Samtani | 29/10/2021

The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

AML / KYC

FATF Completes Phase One of Unintended Consequences Project

By Manesh Samtani | 29/10/2021

The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.

ESG / Sustainability

UNEP FI Warns of Inconsistencies in FIs’ Transition Plans

By ESG Investor | 28/10/2021

New recommendations offer a baseline for asset owners assessing the credibility of their asset managers’ net-zero commitments and investment strategies.

Big Picture

FSB Annual Report Warns of Continued Financial Stability Risk

By Manesh Samtani | 28/10/2021

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

Big Picture

GFMA, BCG Call for Rapid Scaling of Carbon Markets

By Manesh Samtani | 28/10/2021

Rapid scaling and better coordination of carbon markets are necessary to accelerate global decarbonisation and meet the Paris Agreement goals.

Fintech / Regtech

S&P-IHS Deal Wins Regulatory Approval in Europe

By Ranamita Chakraborty | 28/10/2021

The European Commission accepted commitments by S&P Global and IHS Markit to divest businesses that raised competition concerns.

Big Picture

Breakthrough Decarbonisation Tech Urgently Needs Financing – WEF

By Sanday Chongo Kabange | 27/10/2021

The mobilisation of finance to breakthrough technologies represents the “only viable path forward” to avoid irreversible damage to the planet, the WEF says.

ESG / Sustainability

NGFS Details Progress Made By Supervisors on Climate Risk

By Manesh Samtani | 27/10/2021

The NGFS plans to launch a capacity building initiative for supervisors, develop policy recommendations to bridge data gaps, and further build on its climate scenarios work.