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Market Risk
International Standard Setters Launch Review into Margin Practices
By Editors | 26/10/2021
While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.
Climate Risk
Too Soon to Base Capital Requirements on Climate Scenarios
By ESG Investor | 21/10/2021
NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.
Stablecoins
CFTC Fines Tether as US Regulators Scrutinise Crypto Markets
By Mark Johnston | 21/10/2021
The CFTC has fined Tether $41mn and Bitfinex’s parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
Cybersecurity
FSB Seek Global Harmonisation in Cyber Incident Reporting
By Editors | 20/10/2021
The FSB will promote convergence in cyber incident reporting by developing best practices, defining information to be shared, and creating common terminologies.
Reporting & Disclosures
TCFD Updates Guidance, Outlines Path for Future Reporting
By ESG Investor | 14/10/2021
Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.
Payments & Settlements
Cross-border Payments Roadmap Remains Firmly on Track: FSB
By Editors | 14/10/2021
The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.
Emerging Prudential Risks
FSB Reports Progress on NBFI Risks, Cross-border Payments
By Editors | 12/10/2021
A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.
Emerging Prudential Risks
FSB Offers Policy Toolkit to Address MMF Vulnerabilities
By Manesh Samtani | 12/10/2021
Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.
Stablecoins
FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’
By Mark Johnston | 08/10/2021
The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.
Emerging Prudential Risks
Data Gaps Initiative to Extend Past 2021: FSB, IMF
By Editors | 08/10/2021
A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
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