International

CBDCs

Russia Launches CBDC Pilot With 13 Banks Participating

By Editors | 21/08/2023

The pilot involves 13 banks and 600 individual clients who can make payments at 30 points of sale in 11 Russian cities.

Climate Risk

Rating Stability at Risk from Looming Climate Downgrades

By Hazel Ilango | 21/08/2023

Hazel Ilango discusses the need for a more sustainable, relevant and effective credit rating system that better accounts for climate-related risks.

Climate Risk

UNDP Launches Open Source Carbon Registry Software

By Ranamita Chakraborty | 21/08/2023

The registry is the first of its kind in allowing countries to duplicate and customise its open-source code to suit their specific requirements.

Emerging Prudential Risks

FSB Launches Review to Assess MMF Reform Progress

By Editors | 21/08/2023

The objective of the review is to take stock of the progress made by jurisdictions to assess and address money market fund vulnerabilities.

Reporting & Disclosures

Verra Heightens Transparency with Carbon Credit Project Tracker

By ESG Investor | 18/08/2023

New tool is part of a broad push by the industry to increase carbon credit integrity by harnessing technology innovation.

ESG Data

TNFD Backs Global Nature-related Public Data Facility

By ESG Investor | 14/08/2023

TNFD said nature-related data is an “essential pre-requisite to address the global challenge of accelerating nature loss”.

PEPs & Sanctions

Korea Unfreezes Iranian Funds as Part of US Prison Swap Deal

By Editors | 14/08/2023

$7bn of Iran’s funds have been frozen in South Korea since May 2019, after sanctions waivers for oil imports were allowed to expire.

CBDCs

Bank of Canada Discusses Potential Challenges of CBDC Adoption

By Editors | 14/08/2023

Consumers with unmet payment needs could only benefit from a CBDC if it is adopted widely by other consumers and merchants.

Anti-Money Laundering

RUSI Publishes Virtual Assets Risk Assessment Guide

By Editors | 12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.