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Market Infrastructure
IMF Calls on FSB to Create Global Regulatory Framework for Crypto
By Manesh Samtani | 10/12/2021
The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.
Market Infrastructure
US House Passes LIBOR Replacement Legislation
By Manesh Samtani | 10/12/2021
The legislation will automatically shift tough legacy contracts to a new benchmark, preventing disputes over which rate should apply and how interest is calculated.
ESG / Sustainability
Korea to Conduct First Climate Stress Test in Financial Sector in 2022
By Editors | 09/12/2021
The FSS has introduced a guideline on the management of climate risks in the financial sector. Meanwhile, a green finance handbook will be finalised for publication next year.
ESG / Sustainability
HKMA Shares ‘Sound Practices’ in Bank Climate Strategies
By Manesh Samtani | 09/12/2021
Banks are “strongly encouraged” to enhance their green and sustainability programmes to encompass climate risk management and the sound practices.
Big Picture
Cyber Risk Seen as Top Threat to Financial Markets: DTCC
By Editors | 08/12/2021
Cyber risk, pandemic, and geopolitical risk cited as the top threats to financial markets, but climate change and inflation are gaining pace.
Crypto / Digital Assets
BIS Concludes wCBDC Experiment with French, Swiss Central Banks
By Editors | 08/12/2021
Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.
ESG / Sustainability
US Climate Reporting Framework Expected Q1 2022
By ESG Investor | 08/12/2021
The framework is complex and SEC staff want to “get it right first time”, says PRI’s Head of US Policy Gregory Hershman.
Capital / Liquidity
FSB Presents Stock-take of Progress on Resolution Regimes
By Editors | 07/12/2021
The FSB says work is under way to build up external TLAC for the four Chinese G-SIBs, but that all other G-SIBs report that they already meet or exceed the final TLAC requirement.
Fintech / Regtech
IOSCO Offers Guidance on Developing Innovation Facilitators
By Editors | 07/12/2021
IOSCO sets out key considerations for regulators who are looking to establish innovation hubs, regulatory sandboxes, and regulatory accelerators.
Crypto / Digital Assets
ASIC Flags Supply Chain Risk as Key Cyber Resilience Concern
By Sanday Chongo Kabange | 07/12/2021
Failure to invest in supply chain risk management could lead to significant consumer harm that might warrant ASIC investigation and action.
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