Financial Stability Board

ESG / Sustainability

ESG & the Evolving Demands on Asset Managers and Banks

By Editors | 28/07/2022

Asset managers in Asia could be forgiven for thinking ESG stood for Ever-Shifting Ground.

ESG / Sustainability

Banking on a Sustainable Future

By Editors | 27/07/2022

Organisastions are faced with the challenge of understanding the nuances of regulations and ensuring they have sufficient capacity to apply them in daily business activities.

Big Picture

ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’

By Editors | 24/07/2022

The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.

ESG / Sustainability

Encouraging Progress on Climate Risk Roadmap: FSB

By Editors | 15/07/2022

The FSB has published its first annual stocktake on progress to address climate-related financial risks since the release of its roadmap last July.

Crypto / Digital Assets

CPMI, IOSCO Issue Final Guidance on Stablecoin Arrangements

By Editors | 14/07/2022

CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.

Crypto / Digital Assets

FSB Updates G20 on Covid-19, Climate, Crypto Work

By Editors | 13/07/2022

Accompanying the letter to the G20 is a report on exit strategies to address COVID-19 scarring in the financial sector, and a statement on crypto-asset regulation.

Crypto / Digital Assets

FSB Issues Statement on Crypto Assets Ahead of G20 Meeting

By Editors | 11/07/2022

The statement clarifies that so-called stablecoins and other crypto-assets “do not operate in a regulation-free space”.

Crypto / Digital Assets

US Treasury Outlines Approach to International Engagement on Crypto

By Editors | 11/07/2022

The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.

Market Infrastructure

FSB Urges Adoption of LEI in Cross-border Payments

By Editors | 10/07/2022

Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.