GlobalRSS

FSB warns G20 that co-operation as important now as after global financial crisis

The Financial Stability Board (FSB) warned the G20 in a letter dated November 11 that vulnerabilities in the financial system are being threatened by higher interest rates, record debt levels and geopolitical tensions.

GET greenwashing

Regulators get tough on misleading ESG claims

Global regulators are cracking down on companies’ misleading environmental and sustainability claims, known as “greenwashing”, with a flurry of new initiatives to tackle the problem.

Lisa Quest

Global regulators need to lead the net-zero implementation charge with transition plans

As COP27 came and went, one message rang abundantly clear: Global investment in decarbonisation is falling far short of what is needed to get the world on track to limit warming to 1.5 degrees C. Transition planning could play a big part in meeting climate objectives. By Lisa Quest and Elizabeth Hoyler at Oliver Wyman 

GET quantum computing

The quantum threat to financial services

Quantum computers could pose an existential threat to the heavily used encryption solutions that underpin the internet, including activities such as online financial services, which could see bank accounts drained in a flash.

Jean Boissinot

Climate stress testing comes of age but modelling challenges remain

Central banks report good progress on developing climate stress testing but critics point to weaknesses, including difficulties in modelling for catastrophic shocks to financial stability.

Kerem Tomak

Banks turn to increasingly sophisticated technology to fend off hackers

The battle between hackers and banks is very unequal, with the former often able to perform their attacks anonymously at little cost. For banks, much is at stake from reputation to profitability and they are having to marshal increasingly sophisticated tools to defend their moats.

Reducing liquidity demand key to taming bond market volatility spikes – FSB

Selling or repoing near cash instruments, enhancing the resilience of liquidity supply and closer risk monitoring are all potential solutions to recent extreme volatility in government bond markets, according to the Financial Stability Board (FSB). 

IOSCO teams up with IVSC to improve quality of financial information

Global standard setters are seeking to improve the quality and consistency of valuation standards to offer investors more protection and also to enhance financial stability. 

Banks lobby against Basel Committee’s proposed capital treatment of crypto-assets

Banks are lobbying the Basel Committee on Banking Supervision to raise caps on unbacked crypto-assets, such as bitcoin, to 5% from 1% of bank Tier 1 capital, a clear indication of the industry’s interest in the sector. 

IOSCO appoints head of Belgium’s securities regulator as its new chair

Jean-Paul Servais, chair of Belgium's Financial Services and Markets Authority, has been appointed as the new chair of the International Organization of Securities Commissions (IOSCO), replacing Ashley Alder.