International

Securities / Derivatives

FSB, IOSCO Set to Propose Reforms to Address Fund Liquidity Risk

By Editors | 16/06/2023

The FSB and IOSCO said that they will both be publishing consultation papers on liquidity risk management in early July.

Big Picture

Regulators Paying More Attention to Banks’ Cyber Resilience: FSI Paper

By Ranamita Chakraborty | 16/06/2023

The paper outlines how escalating cyber threats have resulted in the development of “second-generation” cyber regulations.

ESG / Sustainability

Fit For Purpose: Existing Principles for FMIs Can Address Financial Climate Change Risks

By Michael Leibrock | 16/06/2023

FMIs are well placed to address climate-related risks in accordance with the existing PFMI principles, says DTCC’s Michael Leibrock.

ESG / Sustainability

Net Zero Bondholder Stewardship Guidance Launched

By ESG Investor | 16/06/2023

The IIGCC’s guidance provides advice on stewardship across different forms of corporate debt.

Sanctions

Russia to Enact Legislation Allowing it to Seize Western Assets

By Editors | 16/06/2023

The legislation would enable the Russian government to appropriate the assets of Western companies at significant discounts.

ESG / Sustainability

IPSASB to Develop Climate Disclosure Standard for Public Sector

By Mark Johnston | 15/06/2023

The IPSASB will build off the IFRS S2 Climate-related Disclosures standard and GRI climate-related topic standards, and produce an exposure draft in Q4 2024.

AML / KYC

Experts Critical of FATF Effectiveness in Combating Kleptocracy

By Manesh Samtani | 14/06/2023

Panellists at a high-level conference expressed concern that countries with strong connections and clout received lenient treatment from the FATF.

Big Picture

ISLA Warns of Basel III Impacts on Securities Finance Market

By Editors | 13/06/2023

ISLA expresses concerns about the potential adverse impact of Basel III on the global securities lending market.

ESG / Sustainability

WFE Declares Milestone Achievement on Sustainability

By Ranamita Chakraborty | 12/06/2023

For the first time, every exchange surveyed by WFE participated in at least one ESG initiative and engaged in at least one WFE Sustainability Principle.