New identifier launched to track cryptocurrencies

A new ISO standard identifier has been launched by the DTI (Digital Token Identifier) Foundation that enables the tracking of the top 100 cryptocurrencies by market capitalisation. 

IMF proposes reining in investment fund business models to quell market volatility

Investment funds should have the scope of their business models reduced to boost the resilience of the financial system, the IMF said in a working paper, an approach which drew some criticism from the Investment Company Institute (ICI), a global association of regulated funds.

Financial firms progressing with TCFD adoption, but more work is needed

Though financial institutions are clearly adopting market-driven initiative the Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD), they do need to step up their efforts if they are to meet looming climate risk deadlines.

Felicity Hall

Regulators turn focus to the ‘S’ in ESG

As the prominence of the social dimension of ESG surges, regulators feel the necessity to intervene more forcefully to replace voluntary reporting with tougher standards. 

Stephanie Rameza

Cryptocurrencies set to shake up payment systems

As investors continue to ride the crypto wave, companies are increasingly accepting bitcoin for transactional purposes. One estimate suggests more than 15,174 businesses worldwide are now doing so, which has implications for payment systems. 

Imam Hoque

BIS warns supervisors to wake up to AI risks

Global standard-setters are brainstorming international standards to oversee the use of artificial intelligence in finance, a growing disruptive trend that poses serious ethical dilemmas like algorithmic bias which disadvantages minorities. Some AI experts say guidance is long overdue. 

Erik Nurm

Regulators move to clean up crypto as it goes mainstream

Regulators are stepping up moves to clean up the crypto sector, making it more palatable for supervised financial firms to get involved, but such is its rapid development that there are still fears of potential pitfalls for the financial system. 

Mark Carney

COP26: Mark Carney outlines next steps for financial regulators’ role in climate change fight

In an interview with Global Risk Regulator ahead of the United Nations Climate Change Conference COP26, Mark Carney, former central banker and UN special envoy on climate change and finance, discusses the urgent regulatory steps needed.

Andrew Bailey

CBDCs could become stablecoin killers

The Bank of England may have to create a central bank digital currency (CBDC) or face its powers being undermined by sterling-backed stablecoins – a dilemma many central banks may have to confront. 

Alex Dorfmann

Should banks be spending big on tech projects?

Looking at recent earnings for banks such as JP Morgan and Goldman Sachs, you would be mistaken for thinking the good old days of gangbuster returns are back for bankers. Despite lower returns on trading, the M&A boom has been good for the industry’s hottest dealmakers. With all that cash, how should they be deploying it? By Alexander Dorfmann, senior product manager at SIX