International

    Climate Risk

    Industry Bodies Urge EU, UK to Link Emissions Trading Systems

    By Sanday Chongo Kabange | 19/04/2021

    Linking the systems ahead of COP 26 would reaffirm the UK and EU as climate leaders and demonstrate strong advocacy for international carbon markets.

    Emerging Prudential Risks

    BCBS Outlines Work Priorities for 2021-2022

    By Editors | 19/04/2021

    Priorities include ongoing Covid-19, digitalisation, climate risk, AI/machine learning, data and technology governance and operational resilience.

    PEPs & Sanctions

    US Sanctions Russia Over Election Interference, Cyber Attack

    By Manesh Samtani | 16/04/2021

    US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.

    Climate Risk

    Basel Committee Calls for Adaption to Climate Risks

    By ESG Investor | 14/04/2021

    Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

    KYC & CDD

    Digital ID Perceived As Beneficial in Combatting Financial Crime

    By Manesh Samtani | 14/04/2021

    Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.

    Reporting & Disclosures

    The ESG Interview: Making Climate Data Comparable

    By ESG Investor | 14/04/2021

    IOSCO Chair Ashley Alder believes we’re in sight of “a real step change” in sustainability reporting, writes Chris Hall at ESG Investor.

    Trading & Investment

    FSB Issues Guidance on Implementing SFT Data Standards

    By Editors | 13/04/2021

    The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

    Capital Adequacy

    Banks Have Insufficient Incentives to Use Buffers: IMF

    By Manesh Samtani | 12/04/2021

    Most banks have insufficient economic incentives to draw down their buffers if they are asked to rebuild them later, says the IMF’s Global Financial Stability Report.

    Emerging Prudential Risks

    G20 to Use All Available Policy Tools for As Long As Required

    By Manesh Samtani | 11/04/2021

    G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.

    Market Data & Technology

    Bloomberg Confirms BSBY Adheres to IOSCO Principles

    By Editors | 11/04/2021

    BSBY includes a term structure and systemic credit-sensitive spread, and can be used to supplement Term SOFR in the lending market.

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