International

AI Risk & Governance

AI Ethics: A Framework for Investment Professionals

By Siva Ramachandran | 06/05/2023

CFA Institute’s Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.

Nature & Biodiversity

Working Group Formed to Update Bank Guidance on Biodiversity

By Editors | 05/05/2023

The working group, co-led by Crédit Agricole SA, First Abu Dhabi Bank and UBS, will issue updated guidance for banks on setting and achieving biodiversity targets.

Reporting & Disclosures

ISSB Seeks Stakeholder Feedback on New Research Projects

By Editors | 05/05/2023

The ISSB is proposing to start work on three new sustainability-related research projects and a project researching integration in reporting.

Payments & Settlements

RBI, BIS Launch G20 TechSprint Focusing on Cross-border Payments

By Editors | 05/05/2023

The 2023 TechSprint will focus on technology solutions to address illicit finance risk, FX and liquidity solutions, and technology for CBDC platforms.

Anti-Bribery & Corruption

EU to Extend Sanctions Regime to Cover Corruption

By Manesh Samtani | 04/05/2023

The EU would be able to target serious acts of corruption worldwide with travel bans and asset freezes, similar to the US Magnitsky Act.

ESG Data

An Unregulated ESG Rating System Reveals its Flaws

By Hazel Ilango | 04/05/2023

ESG ratings are instrumental in facilitating investment decisions, but can disrupt the stability of financial markets if unregulated, says IEEFA’s Hazel Ilango.

AI Risk & Governance

G7 Ministers Outline Actions to Contain AI Risks

By ESG Investor | 03/05/2023

Ministers endorsed an AI action plan for “promoting global interoperability between tools for trustworthy AI”.

Clearing & Post-Trade

ESMA Follows Through with De-recognition of Indian CCPs

By Manesh Samtani | 03/05/2023

So far Indian markets have not faced disruptions. This is attributed to the concessions provided by French and German regulators.

Payments & Settlements

India, Russia to Explore Cross-border Payment Linkages

By Editors | 02/05/2023

India agreed to explore the acceptance of Russian Mir cards, a link with Russia’s Faster Payments System, and adoption of Russia’s financial messaging system.