The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.
A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.
Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.
A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.
Six banks will define common standards of action for steel sector decarbonisation through a collective climate-aligned finance agreement.
The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.
The report recognises the actions of central banks, financial authorities and regulatory agencies amid the pandemic, saying they were critical in stabilising markets.
New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.
IOSCO is looking to understand potential conflicts of interest and misaligned incentives that may exist among participants in the leverage loan and CLO markets.
A US Treasury's proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.
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