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Reporting & Disclosures
Standard-setters Kick Off Initiative to Harmonise Sustainability Reporting
By Editors | 13/09/2020
The IFRS Foundation is proposed as the body that is “optimally positioned” to lead and coordinate the creation of a new sustainability standards board.
Climate Risk
NGFS Seeks Wider Adoption of Environmental Risk Analysis at FIs
By Editors | 10/09/2020
The NGFS is calling for wider use of ERA in the financial industry, offering case studies to showcase the adoption of ERA tools and methodologies by some FIs.
Anti-Money Laundering
EBA Calls for Harmonised AML/CFT Framework Across EU
By Editors | 10/09/2020
Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.
Climate Risk
CFTC Report Warns of Systemic Risks from Climate Change
By Manesh Samtani | 10/09/2020
The report calls on financial regulators to move “urgently and decisively” to measure, understand, and address the risks climate change poses to the US financial system.
Reporting & Disclosures
IOSCO to Harmonise Global ESG Disclosure Frameworks – Report
By Editors | 10/09/2020
A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.
Market Risk
ISDA Chief Urges Continued Work on Initial Margin Implementation
By Editors | 09/09/2020
Phase 5 implementation will be the most demanding phase yet, and firms will need to be ready well in advance to avoid a last-minute compliance bottleneck.
CBDCs
Mastercard Launches Virtual Testing Environment for CBDCs
By Editors | 09/09/2020
The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.
Trading & Investment
Industry Standards Needed for Measuring Execution Quality: FMSB
By Editors | 08/09/2020
Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.
Liquidity Risk
FSB Defers Haircut Standards for Securities Financing Transactions
By Editors | 08/09/2020
The extensions will help to ease operational burdens on banks, broker-dealers and regulators, allowing them to focus on Covid-19 related priorities.
Climate Risk
NGFS Publishes Two-year Work Programme, New Charter
By Editors | 07/09/2020
A new NGFS workstream being created will identify missing data items needed for effective climate-related and environmental risk analysis.
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