International

Big Picture

FSB Report Addresses Challenges of Deploying Unallocated TLAC

By Editors | 01/08/2023

The report offers an analysis of the potential challenges associated with deploying uTLAC during periods of market-wide stress.

Fintech / Regtech

New UK Law Promotes Blockchain to Digitise Trade Documents

By Editors | 31/07/2023

The New Electronic Trade Documents Act 2023 will seek to digitise trade documents, promising cost reduction and increased efficiency in international trade.

Market Infrastructure

DTCC Exits Global Markets Entity Identifier Business

By Editors | 31/07/2023

DTCC to exit Global Markets Entity Identifier operations by 22 August, partnering with GLEIF for a seamless transition.

IASB Wraps Up Technical Work on Two New Accounting Standards

By Editors | 31/07/2023

The IASB advances financial reporting transparency with the finalisation of two new IFRS Accounting Standards, poised for a 2024 debut.

AML / KYC

Worldcoin’s Global Launch Raises Regulatory Concerns

By Editors | 29/07/2023

UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.

Capital / Liquidity

Canada: OFSI Consults on Capital Rules for Crypto Exposures

By Editors | 28/07/2023

Two guidelines are proposed, one for federally regulated deposit-taking institutions, the other is for insurers.

Capital / Liquidity

FSB Spotlights NBFI Risks, Focusing on Liquidity Mismatch, Leverage

By Editors | 28/07/2023

FSB’s John Schindler outlined the steps being taken to address liquidity mismatches and leverage risk within the NBFI sector.

ESG / Sustainability

ISSB Consults on Proposed Taxonomy for IFRS Sustainability Standards

By Ranamita Chakraborty | 28/07/2023

The board intends to release the final digital taxonomy in early 2024, considering the feedback they receive.

Market Infrastructure

Monitoring Group Progresses Work to Enhance Standard-Setting System

By Editors | 27/07/2023

Monitoring Group comments on key advances in enhancing standards on international audit, assurance, ethics, and independence.