International

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    Capital / Liquidity

    Supervisors Need More Guidance on Using Pillar 2 Tools

    By Manesh Samtani | 15/05/2023

    Many prudential risks that arise from rising interest rates are “beyond the scope of Pillar 1” and are “more effectively addressed” through a robust Pillar 2 supervisory review process.

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    Sanctions

    US DOJ Approves First Transfer of Seized Russian Funds to Ukraine

    By Editors | 15/05/2023

    “While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last,” said Attorney General Merrick Garland.

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    Securities / Derivatives

    IOSCO Issues Guidance on Good Practices For ETFs

    By Editors | 14/05/2023

    The good practices cover effective product structuring, disclosure, liquidity provision, and volatility control mechanisms.

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    Crypto / Digital Assets

    StanChart to Launch Digital Asset Custody Services from Dubai

    By Editors | 13/05/2023

    The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.

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    ESG / Sustainability

    New Investment Models Needed for Net Zero Goals

    By ESG Investor | 12/05/2023

    Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s David Carlin says transition finance flows to developing economies are too low to meet net zero targets.

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    Crypto / Digital Assets

    BIS Innovation Hub Publishes Guidance on Offline CBDC Payments

    By Editors | 12/05/2023

    The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.

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    ESG / Sustainability

    ISSB Consults on International Applicability of SASB Standards

    By Editors | 12/05/2023

    The ISSB is consulting on a proposed methodology for improving the international applicability of the SASB Standards and removing regional bias.

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    Crypto / Digital Assets

    IRS, Chainalysis Team Up to Support Ukraine Law Enforcement

    By Editors | 11/05/2023

    The IRS is sponsoring Ukraine’s access to a Chainalysis blockchain analysis tool and also organising cyber training sessions.

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    ESG / Sustainability

    New Carbon Market Guidance for Host Countries

    By ESG Investor | 11/05/2023

    VCMI published guidance for host countries of VCM projects to develop a clear and stable regulatory environment.

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    FSB Assessing Role of Social Media in Bank Failures

    By Sanday Chongo Kabange | 11/05/2023

    Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

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