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Reporting & Disclosures
TCFD Updates Guidance, Outlines Path for Future Reporting
By ESG Investor | 14/10/2021
Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.
Payments & Settlements
Cross-border Payments Roadmap Remains Firmly on Track: FSB
By Editors | 14/10/2021
The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.
CBDCs
G7 Ministers to Endorse Guiding Principles for CBDC – Report
By Editors | 13/10/2021
The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.
Payments & Settlements
EBA Clearing, SWIFT, TCH Collaborate on Cross-Border Payments
By Mark Johnston | 12/10/2021
A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.
Emerging Prudential Risks
FSB Reports Progress on NBFI Risks, Cross-border Payments
By Editors | 12/10/2021
A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.
Emerging Prudential Risks
FSB Offers Policy Toolkit to Address MMF Vulnerabilities
By Manesh Samtani | 12/10/2021
Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.
Trading & Investment
IBA Publishes ‘Beta’ Rates for SOFR Interest Rate Swaps
By Editors | 11/10/2021
The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.
Nature & Biodiversity
Whole Financial System Needs to Work Against Biodiversity Risk
By ESG Investor | 11/10/2021
NGFS-INSPIRE Study Group outlines data, analytics challenges for central banks and financial supervisors.
Fraud, Scams & Cybercrime
S. Korea: Founder of Singapore Fintech Jailed for Fraud
By Editors | 11/10/2021
A South Korean court has sentenced the founder of a fintech investment firm Marvelstone Group to ten years of jail time on fraud charges.
Structural Regulation
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.
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