International

    Nature & Biodiversity

    Risk Monitoring Needed for Non-Climate ESG Risks: FSA

    By Manesh Samtani | 09/10/2022

    Risk practitioners should establish risk monitoring systems that cover sustainability themes beyond climate change, said the FSA’s Satoshi Ikeda.

    Cryptocurrency

    CME to Launch New Crypto Reference Rates, Indices

    By Editors | 08/10/2022

    New reference rates and real-time indices will be introduced for AVAX, FIL and XTZ. The launch will not include tradable futures products.

    Liquidity Risk

    IMF Calls on Policymakers to Address Fund Redemption Risks

    By Editors | 08/10/2022

    Policymakers should provide guidance on how open-ended funds should calibrate swing pricing and similar tools, and monitor their implementation.

    Capital Adequacy

    Industry Says BCBS Cryptoasset Treatment is Prohibitive for Banks

    By Manesh Samtani | 08/10/2022

    The cap on banks’ exposures to cryptoassets should be raised from 1% to 5% of tier 1 capital, and based on net rather than gross exposures. The infrastructure risk add-on should be scrapped.

    Cryptocurrency

    Russia Seeks to Legalise Crypto Mining in Some Regions

    By Editors | 06/10/2022

    The bill may be rejected by Russia’s parliament, because it does not specify tax procedures or requirements for data centres and mining operators.

    Capital Adequacy

    BCBS Calls for Greater Use of CCyB by National Authorities

    By Editors | 06/10/2022

    Authorities should adopt a positive CCyB rate in normal times. A report evaluating the impact and effectiveness of implemented Basel reforms has also been released.

    CBDCs

    SWIFT Publishes Results of CBDC, Tokenised Asset Experiments

    By Editors | 06/10/2022

    The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.

    Capital Adequacy

    Further Progress Made to Adopt Basel III Standards: BCBS

    By Editors | 05/10/2022

    The latest update highlights progress to implement the Basel III standards from APAC jurisdictions including Australia, Indonesia, Japan and China.

    Anti-Money Laundering

    Basel AML Index: Progress in AML/CFT Remains “Paralysed”

    By Editors | 05/10/2022

    New Zealand, Australia, Taiwan and Singapore received the best ML/TF risk scores among APAC jurisdictions in the latest Basel AML Index.

    Capital Adequacy

    Capital Rules Can Cushion Banks’ Fossil Fuel Exposure: Report

    By ESG Investor | 04/10/2022

    Prudential regulators should increase the risk weighting applied to major banks’ fossil fuel assets, Finance Watch says in a new report.

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