International

Crypto / Digital Assets

BCBS Proposes Targeted Amendments to Cryptoasset Standard

By Manesh Samtani | 15/12/2023

The BCBS proposes to update the requirements relating to banks’ exposures to stablecoins, and other technical amendments.

Securities / Derivatives

IOSCO Proposes Good Practices for Handling Market Outages

By Editors | 14/12/2023

IOSCO’s new consultation report identifies five good practices for trading venues to consider for improving market-wide resilience during an outage.

ESG / Sustainability

NGFS Issues Guidance on Development of Nature-related Scenarios

By Nithya Subramanian | 14/12/2023

The guidance will help develop scenarios for assessing the impact of nature-related physical risks and transition policies.

ESG / Sustainability

COP28 Nations Agree to ‘Transition Away’ from Fossil Fuels

By Editors | 14/12/2023

The agreement calls on countries to transition away from fossil fuels in energy systems and boost renewable energy capacity and energy efficiency.

Capital / Liquidity

BCBS Consults on Targeted Adjustments to IRRBB Standard

By Editors | 13/12/2023

The BCBS proposes adjustments to the calibration of the interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.

ESG / Sustainability

Climate Action Data Trust Launches Public Dashboard

By Editors | 13/12/2023

The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

Sanctions

Canada Sanctions Political Candidates from Russian-Occupied Area

By Editors | 12/12/2023

Canada accuses 30 Russian nationals of taking part in “sham” elections in Russian-occupied Kherson Oblast.

Sanctions

Chinese Firms Among More Than 150 Sanctioned by OFAC for Russia Exports

By Editors | 12/12/2023

Latest OFAC action targets individuals and companies in several countries, including China, Singapore, Türkiye, and the UAE, for exporting to Russia’s military-industrial base.

Big Picture

BIS Paper Offers Guidance on Housing-related Financial Stability Risks

By Editors | 12/12/2023

The report outlines lessons from 14 jurisdictions on the use of macroprudential policies to mitigate financial stability risks associated with the housing market.