Regulation
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LATEST ARTICLES
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A US climate bill filled with green credits will create business for banks and provide relief from the backlash against ESG products.
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UK regulators have pushed big banks to establish an innovative form of payment that could leave fintechs struggling.
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A just transition should protect smaller firms from paying the price for the carbon emissions of larger ones.
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Progress on implementing the proposed minimum global tax rate may be uneven, but it will have implications for all.
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Companies that publicly commit to net zero by 2030 need to be held accountable for those commitments. That won’t happen until their carbon footprint becomes publicly available data.
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The International Chamber of Commerce is confident the UK Centre for Digital Trade & Innovation will spur standards.
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Stress tests mean that banks must assess their own climate impact. The glaring data gaps will close as the science progresses and methodologies evolve.
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The Basel Committee on Banking Supervision adds another piece to the global regulatory puzzle with its principles on management and supervision of climate risk, after global demands for a harmonized framework applicable to the international banking sector.
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Following Terra’s death spiral, regulators will focus on the collateral backing the biggest stablecoins that are essential to the flow of real money into crypto.
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Since its establishment at the COP26 conference in 2021, the International Sustainability Standards Board has been busy drafting its first standards. Now they are out for consultation, but ISSB chair Emmanuel Faber is already looking beyond them and to the organization’s broader mission.
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The US government’s case against Archegos Capital sets up a contest to guess which of the fund’s prime brokers was the most gullible at any given time. To keep the game interesting, the answer might not always be Credit Suisse.
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Payment service providers have welcomed the UK Payment Systems Regulator’s plan to promote account-to-account payments, but much needs to be done to boost take-up.
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In a volatile equity market, asset managers may now pay the price for having concentrated research spend on analysts from a few bulge-bracket firms.
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Credit intelligence specialist OakNorth is working with a consortium of US banks to assess physical and transition climate risk in loan portfolios. The motivation for the banks is clear: self-preservation in the face of growing climate-related disruption.
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Credit Suisse is making heavy work of meeting its obligations under a 2017 RMBS settlement with the US Department of Justice. If it wants to make real progress, it will have to bite the bullet soon.
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The attack follows the introduction of new foreign currency rules.
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The European Central Bank has radical suggestions for ending AT1 conversion triggers and allowing only profitable banks to pay coupons. This could make these instruments riskier than equity.
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Interest rate uncertainty may not have added to the complexity of the transition away from Libor pricing, but it has implications for forecasting that will only become clear as rate rises kick in.
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The rule change will be phased in, but shares in publicly listed fintechs dip.
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How can sanctions work when banks spend billions on box-ticking compliance, but criminals still easily launder vast sums through the banking system?
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If regulated investors are to buy bonds on blockchain, incumbent infrastructure providers such as CSDs must embrace the very technology that threatens their traditional role.
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For four years, a criminal case brought by an Australian regulator against Citi, Deutsche Bank, ANZ and six bankers who were facing jail has looked ill-judged, acting retrospectively against common market practice in a share placement. Now it has collapsed and lessons need to be learned
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Policymakers around the world are rushing to protect retail investors from buying products that are less sustainable than they believe them to be. Why?
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The former CFTC chair who first authorized bitcoin futures sees regulatory complexities ahead for crypto, blockchain and DeFi companies.
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Will the bank’s payouts after a phishing scam set a precedent?
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The scrutiny of sustainable finance is expected to intensify over the year as stakeholders look for market participants to deliver on environmental promises.
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A spat among directors of the Federal Deposit Insurance Corporation has led to the resignation of its chair and thrown the prospects for domestic bank M&A into murky waters.
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Global supply-chain bottlenecks have profound implications for how and where companies will fund their operations in the future. As the lines of ships lengthen outside ports, there’s a macroeconomic cost for banks weighing on loan demand and perhaps asset quality. However, some trade and logistics financing businesses that were previously on the margins of banking are now seizing their moment.
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Rebooting the financial system with a new currency could be what’s needed to give Argentina’s economy a way forward.
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The transition of most of the global financial markets away from Libor and the adoption of risk-free rates is finally upon us. As the clock counts down to the demise of Libor for all new contracts, the focus is firmly on where the sticking points remain: the ‘tough legacy contracts’ and the US dollar loan market.