BIG PICTURE

Big Picture

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.

Capital / Liquidity

Derivatives Are “Essential” to Carbon Markets: ISDA

By Editors | 06/10/2021

Regulatory action is needed to address disproportionately high capital requirements that would be imposed on carbon certificates by FRTB.

Big Picture

IAIS Warns of Climate Risks Faced by Insurance Sector

By Ranamita Chakraborty | 06/10/2021

The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.

Big Picture

FIA Calls for Deference in Derivatives Market Regulation

By Ranamita Chakraborty | 05/10/2021

FIA calls on regulators to recognise comparable home country regulation to promote more efficient and less costly market access.

Big Picture

Lack of Crypto Regulation Presents Financial Stability Risk: IMF

By Mark Johnston | 05/10/2021

The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

Big Picture

FMSB Offers Guidance on Mitigating Risks of Hybrid Working

By Editors | 02/10/2021

In a new Spotlight Review, the FMSB outlines steps firms can take to promote equivalent conduct outcomes in a hybrid environment.

Big Picture

BIS Turns Attention to Practical Issues of Retail CBDC

By Editors | 30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

Fintech / Regtech

Entity-based Regulation Needed to Address Bigtech Risks: BIS

By Manesh Samtani | 29/09/2021

China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.

Big Picture

OECD Calls on Financial Sector to Bolster Trust in AI

By Sanday Chongo Kabange | 29/09/2021

A new OECD report identifies four determinants of trustworthy AI in the financial sector – transparency, fairness, data governance and accountability.