International

Big Picture

Global Stock Markets Lost $25 Trillion in 2022: WFE

By Editors | 17/03/2023

“We witnessed a perfect storm in 2022 of so many negative pressures culminating to bring immense pressure on global stock markets,” said WFE CEO Nandini Sukumar.

Market Infrastructure

Google Cloud Joins FS-ISAC’s Critical Providers Programme

By Editors | 17/03/2023

The partnership is intended to bolster supply chain security and foster transparency within the financial sector.

ESG / Sustainability

IAIS Issues First of Three Consultations on Climate Risk

By Editors | 17/03/2023

The consultations are aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.

AML / KYC

FATF Publishes First Comprehensive Report on Ransomware

By Manesh Samtani | 16/03/2023

The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.

ESG / Sustainability

New Guidance for Accounting, Reporting Real Estate Emissions

By ESG Investor | 15/03/2023

The three organisations have outlined recommendations for on accounting and reporting real estate operational emissions.

Crypto / Digital Assets

Traders See Crypto Derivatives Market as Resilient: Acuiti

By Mark Johnston | 15/03/2023

New Acuiti report finds that 64 percent of surveyed crypto derivatives traders have concerns over proof-of-reserves quality.

ESG / Sustainability

ESG Scrutiny Reveals Cracks in Credit Rating Methods

By ESG Investor | 15/03/2023

An IEEFA study has found “no direct relationship” between ESG credit scores and credit ratings, due to ratings providers still “evaluating companies the traditional way”.

Fintech / Regtech

ICMA Releases New Bond Data Taxonomy

By Editors | 14/03/2023

The Taxonomy will enable firms to more easily leverage new technologies, streamline issuance and post-trade operations, and exchange data.

Big Picture

IMF Proposes Global Marketplace for Trading Between CBDCs

By Mark Johnston | 14/03/2023

A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.