Events listed in World Wide
The Financial Stability Aspects of Commodities Markets
ID 21945
The FSB published the Financial Stability Aspects of Commodities Markets report. The report presents an overview of a few globally traded commodities markets (crude oil, natural gas, & wheat) that are of particular economic importance, and examines their vulnerabilities and mechanisms through which any further stresses in commodities markets could propagate more broadly through the financial system. First, by being concentrated in a number ...
Asset Management
information
ISSB ramps up activities to support global implementation ahead of issuing ...
ID 21924
The ISSB, at its meeting on 16 February 2023 in Montreal, made its final decisions on all technical contents of its initial Standards. Thence, the ISSB approved the entering of the balloting process (a drafting, review and approval process to ensure a project document is well written and accurately reflects board decisions) of the Standards, ahead of their expected issuance at the end of ...
FSB assesses financial stability risks of decentralised finance
ID 21921
The FSB published a report on the financial stability risks of DeFi. The present report concludes that while the service processes are novel, DeFi does not differ substantially from TraFi in its performed functions or exposed vulnerabilities. Indeed, DeFi’s specific features may result in vulnerabilities playing out differently than in TraFi, such as operational fragilities, liquidity & maturity mismatches, or leverage & interconnectedness. As ...
Asset Management
report / study
IOSCO members report high level of implementation for Regulator’s Principles
ID 21911
On 15 February 2023, IOSCO issued a press release on the publication of the IOSCO Standards Implementation Monitoring (ISIM) for Principles (1-5) Relating to the Regulator, informing about the findings of the AC on the implementation of IOSCO’s first five principles of the IOSCO Principles Relating to the Regulator across most of the participating member jurisdictions. Indeed, these five Principles are part of [IOSCO’s ...
Publication of the CBDDQ, FCCQ, Guidance, Glossary and FAQs
ID 21826
On 10 February 2023, the Wolfsberg Group issued a press release, announcing the publication of Version 1.4 of the Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Version 1.2 of the Financial Crime Compliance Questionnaire (FCCQ), along with updated supporting Guidance, Glossary and FAQs documents. The Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI), the *Financial Action Task Force ...
Publication of the Wolfsberg Group and IIF Comment Letter to EBA on de-risking
ID 21767
On 7 February 2023, the Wolfsberg Group together with the Institute of International Finance (IIF) (thereafter called „the Group“) issued a press release, informing about their common submission of comments in response to the EBA’s public consultation on effective management of ML/TF risks when providing access to financial servics (EBA/CP/2022/13) on effective management of Money Laundering and Terrorist Financing (ML/TF) risks („de-risking“) when pro ...
Asset Management
conference / webinar
Register for Part 3 of the ISSB Corporate Reporting Webinar Series
ID 21707
On 2 February 2023, the International Financial Reporting Standards Foundation (IFRS) informed about the final installation in the ISSB Corporate Reporting Webinar Series, which will take place on Tuesday, 7 February 2023 at 04:00 GMT (13:00 JST). The Corporate Reporting Webinar Series offers a deep dive into the International Sustainability Standards Board’s (ISSB) two proposed standards, and how companies can start the ground work, ...
ISDA, AIMA, EFAMA, FIA Statement on EC’s Proposed Amendments to EMIR
ID 21705
On 2 February 2023, the International Swaps and Derivatives Association (ISDA), the Alternative Investment Management Association (AIMA), the European Fund and Asset Management Association (EFAMA) and the Futures Industry Association (FIA) issued a common statement (with an identic wording) in response to the European Commission’s (EC) proposed amendments to the European Market Infrastructure Regulation (EMIR), aiming **to make derivatives clearing in the EU more ...
Asset Management
report / study
IOSCO revises its 2011 Principles for the Regulation and Supervision of Commodity ...
ID 21658
On 31 January 2023, the International Organization of Securities Commissions (IOSCO) published a revised version of its Principles for the Regulation and Supervision of Commodity Derivatives Markets, and seeking to support the physical commodity derivatives markets in providing their fundamental price discovery and hedging functions, while operating free from manipulation and abusive trading schemes. The aim of the revision is to ensure that these ...
Consolidated assessment ratings – Estonia’s & Monaco’s ...
ID 21652
On 31 January 2023, the Financial Action Task Force (FATF) has published an update to its Consolidated assessment ratings together with Estonia’s & Monaco’s Mutual Evaluation Reports; and Tanzania’s, Mauritius‘ & Botswana’s Enhanced Follow-up Reports & Technical Compliance Re-Ratings on progress in strengthening measures to tackle money laundering and terrorist financing. CONSOLIDATED ASSESSMENT RATINGS The updated Consolidated ass ...