International

Capital / Liquidity

BCBS Consults on Principles for Banks’ Management of Climate Risks

By Editors | 16/11/2021

The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.

Market Infrastructure

FCA Confirms Rules on Using Synthetic GBP and JPY LIBOR

By Manesh Samtani | 16/11/2021

Synthetic GBP and JPY LIBOR rates will be published until end-2022 and can be used in all legacy LIBOR contracts other than cleared derivatives.

Securities / Derivatives

IOSCO to Update Regulatory Principles for Commodity Derivatives

By Editors | 16/11/2021

IOSCO says market authorities should establish a code of conduct for data providers, have a process to respond to unexpected disruptions, and analyse HFT and algo trading impacts.

ESG / Sustainability

COP26 Deal to Pave Way for Carbon Markets Growth

By ESG Investor | 15/11/2021

Agreement on Paris rules in Glasgow expected to stimulate investment flows, while wider deal seen as key, if limited, step on path to low-carbon transition.

Market Infrastructure

S&P-IHS Deal Wins Regulatory Approval in the US

By Editors | 15/11/2021

To win approval for the $44bn combination, the companies agreed to sell three of IHS Markit’s price reporting agency businesses.

Capital / Liquidity

BCBS Finalises Revisions to Market Risk Disclosure Requirements

By Editors | 12/11/2021

The BCBS has also finalised standards for banks to use when disclosing their sovereign exposures and risk-weighted assets.

AML / KYC

Wolfsberg Group Endorses ISO 20022 Screening Guidelines

By Sanday Chongo Kabange | 11/11/2021

Wolfsberg Group says the adoption of ISO 20022 enables improved adherence to the group’s own ‘Payments Transparency Principles’.

Capital / Liquidity

BCBS Offers Progress Update on Climate, Cryptoasset Work

By Editors | 09/11/2021

The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.

Enforcement

US Treasury Announces New Ransomware-related Sanctions

By Manesh Samtani | 09/11/2021

The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.