International

Market Infrastructure

Global Tax Reforms Finalised, Implementation Set for 2023

By Manesh Samtani | 10/10/2021

Six holdouts from July including Ireland have now joined the global agreement to introduce a 15 percent minimum corporate tax rate globally.

Crypto / Digital Assets

FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

By Mark Johnston | 08/10/2021

The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

Big Picture

Data Gaps Initiative to Extend Past 2021: FSB, IMF

By Editors | 08/10/2021

A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.

Market Infrastructure

CPMI Calls for Solutions to Expand PvP Settlement

By Editors | 08/10/2021

Banks and fintechs are invited to share their views on potential solutions to expand PvP settlement to further mitigate FX settlement risk in global markets.

Fintech / Regtech

Etrading Software Opens Registration for Digital Token Identifiers

By Mark Johnston | 08/10/2021

The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.

ESG / Sustainability

Action Needed to Scale Up ESG Investing, say IMF, OECD

By ESG Investor | 07/10/2021

The IMF, World Bank and OECD are working on classification systems to harmonise and support the development of sustainable finance markets.

Fintech / Regtech

BIS Partners with MAS, BOE, ISDA on Data & Analytics Platform

By Manesh Samtani | 07/10/2021

Project Ellipse explores the use of ISDA’s Common Domain Model to digitally extract, query and analyse large quantities of data in real-time for supervisory purposes.

Market Infrastructure

GRI Puts Human Rights at Heart of New Standards

By ESG Investor | 06/10/2021

Sustainability reporting body provides greater clarity on materiality, launches sector-specific standards, strengthens the governance disclosures.

Capital / Liquidity

Derivatives Are “Essential” to Carbon Markets: ISDA

By Editors | 06/10/2021

Regulatory action is needed to address disproportionately high capital requirements that would be imposed on carbon certificates by FRTB.