Reporting and GovernanceRSS

ESMA securitisation reporting update raises questions for investors

The European Securities and Markets Authority (ESMA) said on April 26 that it had reached the last stage in assessing applications from Securitisation Repositories (SRs) under the Securitisation Regulation (SECR) with market participants wondering whether the UK will follow suit.

ESMA calls for more effort to improve EMIR and SFTR data quality

Despite progress on data quality related to the European Markets Infrastructure Regulation (EMIR) and Securities Financing Transactions Regulation (SFTR), national competent authorities (NCAs) need to make further improvements.

US doubling down on carbon commitments to have big impact on banks

The Biden administration’s commitment to cutting US carbon emissions some 50-52% by 2030, using 2005 levels as a starting point, will have a significant impact on US regulation and bank lending.

Bank of England

UK financial firms given green light on operational resilience

New policies on operational resilience from UK regulators gives firms the confidence to push ahead with necessary changes and investment. By Sundeep Gupta, financial services expert at PA Consulting

HKMA and SFC launch consultation on OTC derivatives list

A joint consultation on the annual update to the list of financial services providers under the over-the-counter (OTC) derivatives regime has been launched by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC).

Credit ratings rather than size are a better indicator of cyber hygiene for banks

Being a large bank is not necessarily a mark of good cyber hygiene though a higher credit rating may well be a sign that these risks are being properly managed, Fitch Ratings said in a report on April 13. 

Ghana cedi note

Fintech could erode financial stability warns Bank of Ghana official

The proliferation of technology in financial services could erode gains made in areas such as financial stability, integrity and inclusion in many countries, warned a deputy governor at the Bank of Ghana.  

IMF and World Bank exploring green debt swaps to support climate finance

Possible routes towards creating green debt swaps are to be launched by November by the International Monetary Fund (IMF) and the World Bank and could help developing countries to act more quickly in tackling human generated climate change. 

Sarah Dougherty

US regulators scramble to catch up on climate change policies

The Federal Reserve and other US financial regulators are framing a slew of regulations on climate change as they hurry to deliver on ambitious policies to combat global warming set out by the Biden administration. 

SEC consults on ESG disclosure standards for listed companies

Acting chair of the US Securities and Exchange Commission (SEC), Allison Herren Lee, said the agency is consulting on its rules to facilitate the disclosure of consistent, comparable and reliable information on climate change by domestic and foreign companies listed on US exchanges.