International

ESG / Sustainability

ICVCM Publishes Standards for Carbon Credit Certifiers

By Editors | 04/04/2023

The first batch of carbon offsets carrying ICVCM’s stamp of approval is expected to be available by year-end.

Market Infrastructure

UK FCA Announces Decision on Synthetic USD LIBOR Rates

By Editors | 04/04/2023

1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.

ESG / Sustainability

Munich Re Exits Net-Zero Insurance Alliance

By ESG Investor | 04/04/2023

CEO Joachim Wenning said the pursuit of decarbonisation goals in a collective approach among insurers presents antitrust risks.

Crypto / Digital Assets

BIS Innovation Hub to Launch Cryptoasset Data Project

By Editors | 02/04/2023

Project Atlas will allow users to visualise cross-border flows in cryptoasset and DeFi markets via publicly available dashboards.

Crypto / Digital Assets

IOSCO Issues Final Guidance on Mitigating Risks to Retail Investors

By Manesh Samtani | 31/03/2023

IOSCO offers a comprehensive toolkit of measures for regulators to consider when addressing crypto scams, greenwashing and other forms of retail misconduct.

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Capital / Liquidity

UBS Plans to Run Credit Suisse Staff Through “Culture Filter”

By Editors | 30/03/2023

UBS chairman Colm Kelleher said the “culture filter” is needed to root out parts of Credit Suisse that had a “bad culture”.

AML / KYC

New Roadmap Proposed to Boost Financial Inclusion in Trade

By Editors | 29/03/2023

The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.

Capital / Liquidity

FSB Addresses Financial Stability Implications of Recent Bank Failures

By Editors | 29/03/2023

The FSB said its members have agreed to “review the lessons to be learned from the recent actions by authorities to resolve financial institutions”.