International

Capital / Liquidity

No Material Negative Side Effects to TBTF Reforms: FSB

By Editors | 03/04/2021

Indicators of systemic risk and moral hazard moved in the right direction, suggesting that market participants view these reforms as credible, the FSB says.

ESG / Sustainability

Regulators Should Require FIs to Consider Climate Risk: NGFS

By ESG Investor | 01/04/2021

Climate risks may be underestimated due to a lack of internal scenario analysis by financial institutions, the NGFS warns in a new report.

Market Infrastructure

FS-ISAC Warns Banks of Growing Threat from Cyber Attacks

By Editors | 01/04/2021

Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.

Market Infrastructure

BCBS Issues Principles for Operational Resilience and Risk

By Editors | 01/04/2021

Increasing banks’ resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.

ESG / Sustainability

IOSCO Forms Working Group to Aid IFRS Sustainability Project

By Editors | 31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.

Market Infrastructure

DSB Seeks Provider of OTC Derivatives Reference Data for UPI

By Editors | 29/03/2021

Underlier identifiers representing the instrument, index, or reference rate for an OTC derivative are attributes used to define a UPI.

Big Picture

NGFS Offers Climate Risk Guidance for Central Bank Monetary Operations

By Sanday Chongo Kabange | 29/03/2021

The report outlines nine options for central banks to adjust their operational frameworks for monetary policy to account for climate-related risks.

Fintech / Regtech

BIS, SWIFT Announce Winners of ISO 20022 Hackathon

By Editors | 25/03/2021

The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.

Securities / Derivatives

IOSCO Highlights Need for Reliable Going Concern Disclosures

By Ranamita Chakraborty | 25/03/2021

Securities regulators will continue to enforce requirements to recognise, measure and disclose uncertainties about an entity’s ability to continue as a going concern.