BIG PICTURE

Big Picture

Better Governance Needed to Promote Bank Soundness: RBI

By Editors | 28/08/2022

A new study suggests public sector banks may need greater autonomy to improve their governance structures.

ESG / Sustainability

IMF Issues Staff Note on Mobilising Climate Finance

By Editors | 23/08/2022

The IMF staff note explores the factors that limit climate finance and what policymakers can do to address them, particularly in emerging market and developing economies.

AML / KYC

APG Issues 2022 Annual Typologies Report

By Manesh Samtani | 18/08/2022

The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.

Securities / Derivatives

More Clarity Needed on China Green Bond Principles: Fitch

By ESG Investor | 16/08/2022

Fitch Ratings said the new principles provide greater transparency but lack clarity on the use of proceeds for working capital and debt repayment.

Crypto / Digital Assets

Financial Education Gaps Prevent Retail Participation in Markets

By Manesh Samtani | 14/08/2022

New research from WEF, BNY Mellon and Accenture finds 29% of investors do not understand crypto, but nearly 40% said the same of stocks and bonds.

Big Picture

ECB Explores Effectiveness of ‘Green QE’ in Mitigating Climate Change

By Editors | 14/08/2022

Green quantitative easing may be an effective policy instrument if governments fail to introduce a carbon tax or equivalent carbon pricing mechanism.

Market Infrastructure

CPMI-IOSCO Explores How CCPs Address Non-default Losses

By Editors | 08/08/2022

New paper aims to help advance industry efforts and dialogue on the concepts and processes used by CCPs to address losses from non-default events, such as cyber attacks.

Big Picture

Activity-based & Entity-based Regulation Reinforce Each Other’s Effectiveness

By Editors | 05/08/2022

A new paper from the Financial Stability Institute says neither entity-based nor activity-based regulation is in and of itself the optimal choice.

AML / KYC

ECB Analyses Options for Enhancing Cross-Border Payments

By Manesh Samtani | 04/08/2022

Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.