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ESG / Sustainability
IIF Publishes Guidance for Scenario-based Climate Risk Measurement
By Ranamita Chakraborty | 22/07/2021
The IIF has developed a set of reference approaches to be used by supervisors and banks as blueprints when designing their SCRM approaches.
Market Infrastructure
CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans
By Editors | 22/07/2021
Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.
Capital / Liquidity
BCBS to Amend Process for Reviewing G-SIB Methodology
By Editors | 21/07/2021
The BCBS plans to replace the existing three-year review cycle of the assessment methodology with a process of ongoing monitoring and review.
AML / KYC
SFC Issues Warning on Unregulated Virtual Asset Platforms
By Editors | 18/07/2021
Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.
Capital / Liquidity
WWF Calls for Supervisory Action to Address Biodiversity Loss
By Manesh Samtani | 17/07/2021
Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.
Capital / Liquidity
Climate Stress Tests Will Inform Supervisory Discussions
By Manesh Samtani | 17/07/2021
Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.
Securities / Derivatives
Exchanges Demonstrate Leadership in Sustainability Matters: WFE
By Editors | 17/07/2021
An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.
Market Infrastructure
ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives
By Editors | 16/07/2021
The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.
AML / KYC
INTERPOL Calls for Global Action to Prevent ‘Ransomware Pandemic’
By Editors | 16/07/2021
Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.
Fintech / Regtech
ECB Launches Multi-year Digital Euro Project
By Ranamita Chakraborty | 15/07/2021
The plan is to allow regulated banks and fintechs to open accounts at the ECB so they can offer digital euro wallets to customers.
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