International

Nature & Biodiversity

WWF Calls for Supervisory Action to Address Biodiversity Loss

By Manesh Samtani | 17/07/2021

Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.

Emerging Prudential Risks

Climate Stress Tests Will Inform Supervisory Discussions

By Manesh Samtani | 17/07/2021

Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.

Reporting & Disclosures

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Trading & Investment

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

By Editors | 16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.

Fraud, Scams & Cybercrime

INTERPOL Calls for Global Action to Prevent ‘Ransomware Pandemic’

By Editors | 16/07/2021

Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.

CBDCs

ECB Launches Multi-year Digital Euro Project

By Ranamita Chakraborty | 15/07/2021

The plan is to allow regulated banks and fintechs to open accounts at the ECB so they can offer digital euro wallets to customers.

Anti-Money Laundering

European Commission Seeks Establishment of New AML Authority

By Ranamita Chakraborty | 15/07/2021

The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.

Sustainable Finance

New Governance Body to Unify Global Carbon Markets

By Ranamita Chakraborty | 14/07/2021

A new governance body will be formed to standardise operations of voluntary carbon markets and unify them behind a consistent set of values and standards.

Emerging Prudential Risks

New Standard Published to Assess Islamic Deposit Insurance Systems

By Editors | 14/07/2021

The IADI and IFSB have developed a set of core principles that can be used to develop and assess the effectiveness of Islamic deposit insurance systems.