International

Capital / Liquidity

BCBS Consults on Prudential Treatment of Cryptoasset Exposures

By Manesh Samtani | 11/06/2021

Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.

ESG / Sustainability

Update to Green Bond Principles Prioritises Transparency, Impact

By ESG Investor | 11/06/2021

The new guidance seeks to boost investor confidence with a focus on increased information flows and external verification.

Big Picture

WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance

By Sanday Chongo Kabange | 10/06/2021

The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.

Market Infrastructure

NGFS Updates Climate Scenarios With More Data

By Manesh Samtani | 10/06/2021

If the transition fails, 13% of global GDP would be at risk by the end of the century, even before accounting for severe weather events.

Capital / Liquidity

BCBS to Consult on Capital Rules for Banks’ Crypto Exposures

By Manesh Samtani | 09/06/2021

The proposed consultation builds on an earlier paper which outlined an approach that would subject direct crypto exposures to full deductions from CET1 capital.

Enforcement

Philippine Prosecutors File Criminal Complaints Over Wirecard Fraud

By Ranamita Chakraborty | 09/06/2021

The criminal complaints accuse respondents of violating banking, cybercrime, and e-commerce laws as well as falsifying commercial documents.

Market Infrastructure

CFTC Subcommittee Proposes Switch to SOFR for Interdealer Swaps

By Manesh Samtani | 09/06/2021

The ARRC said the change, proposed for 26 July, will allow it to formally recommend forward-looking SOFR term rates published by CME Group.

ESG / Sustainability

TNFD Framework to Build Capacity for Nature-Related Data

By ESG Investor | 08/06/2021

Like the TCFD, the TNFD reporting framework is expected to be incorporated into disclosure standards and written into national law by governments.

AML / KYC

European Commission Proposes European Digital Identity Regulation

By Sanday Chongo Kabange | 08/06/2021

To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.