Reporting and GovernanceRSS
Wind and solar

Mixed evidence that green bonds are accelerating transition to low carbon economy

Are green bonds really playing a part in decarbonising the economy? The BIS, for one, has some doubts and to help make sure these securities more closely match their moniker, it has suggested a carbon rating system specifically for firms

GET Australian Senate 1207984878

Senate suggestions to quickly boost Australian fintech prove controversial

A senate committee has put forward 32 recommendations to produce some quick wins for the Australian fintech and regtech sectors, but its approach on some areas has upset Labour politicians and consumer protection groups

Pentti Hakkarainen

Fragmented approaches undermine the promise of suptech

Like the financial industry itself, regulators are being forced to turn to technology to do their roles better, but their disjointed approach is holding back the potential of suptech.

Nick Barnard

FCA likely to go after participants involved in cum-ex trading strategies

The UK’s Financial Conduct Authority is likely to pursue parties who were involved in cum-ex trading, a process for reclaiming tax rebates across the EU, as it sees the activity as an abusive trading strategy

Singapore looking to allow foreign banks to set up digital-only subsidiaries

The Singapore Monetary Authority (MAS) said it is thinking of allowing foreign banks with a significant local presence to open digital-only banking units. 

EBA and ESMA consult on suitability requirements for senior bank management

A consultation on revised joint guidelines concerning the assessment of the suitability of members of the senior management of banks was launched on July 31 by the European Banking Authority (EBA) and the European Supervisory Market Authority (ESMA).

Financial sector gets behind Denmark’s decarbonisation goals

Denmark’s financial sector, through its climate partnership initiative, has published an action plan on how it will contribute towards the Nordic state’s aims of reducing its carbon emissions by 70% by 2030. 

Robin Penfold

EU fires starting gun on next set of regulatory reforms

The EU is embarking on the next set of regulatory reforms, which will be centred around environmental, social and governance (ESG) factors and are very likely to become highly influential globally. 

Lisa Quest

New technologies present new risks requiring greater vigilance

Technology is fundamentally reshaping how business is conducted and the way financial services operate, which has in turn unleashed a raft of new risks for regulators and firms to stay on top of.

Climate change is bigger threat than Covid-19, says ECB’s Schnabel

European Central Bank (ECB) board member Isabel Schnabel told the Reuters news agency that the central bank must keep climate change high up on its list of priorities as it is an even bigger threat than the Covid-19 pandemic.