Financial Stability Board

    Reporting & Disclosures

    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.

    Climate Risk

    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.

    Climate Risk

    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.

    Stablecoins

    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.

    Emerging Prudential Risks

    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.

    Cryptocurrency

    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”.

    Cryptocurrency

    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.

    Payments & Settlements

    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.

    Payments & Settlements

    FSB Advances Work on G20 Cross-border Payments Roadmap

    By Editors | 08/07/2022

    The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.

    Cryptocurrency

    IOSCO Outlines Planned Work to Address Crypto Market Risks

    By Editors | 07/07/2022

    The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.

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