Events listed in World Wide
Final Reflections on the LIBOR Transition
ID 24466
The FSB initiated the OSSG in 2013 to ensure a smooth transition away from LIBOR, and after a decade of preparation, the LIBOR transition is now in its final stage. As of June 2023, the remaining USD LIBOR panel has ended, with only three US dollar LIBOR settings continuing in synthetic form until end-September 2024. Reforms for other interest rate benchmarks and transition efforts ...
Asset Management
consultation
ISSB consults on proposed digital taxonomy to improve global accessibility and ...
ID 24439
The ISSB has released the Proposed IFRS Sustainability Disclosure Taxonomy for public review. This taxonomy aligns with the disclosure requirements found in the ISSB’s initial two Standards, IFRS S1 and IFRS S2. The Proposed IFRS Sustainability Disclosure Taxonomy aims to enable digital consumption of sustainability-related financial disclosures from the outset. It was developed based on feedback received on Exposure Drafts IFRS S1 and IFRS ...
Consolidated assessment ratings | Mutual Evaluations of Dominica, North Macedonia, ...
ID 24431
The FATF has published its latest updates to its Consolidated assessment ratings together with the publications of Mutual Evaluation Reports of Dominica, North Macedonia, Kazakhstan, Romania, Turkmenistan & Uzbekistan on progress in strengthening measures to tackle money laundering and terrorist financing. The updated Consolidated assessment ratings provide an up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with the FAT ...
Deployment of Unallocated Total Loss-Absorbing Capacity (uTLAC): Considerations for ...
ID 24428
The TLAC standard is designed to ensure that failing G-SIBs have enough loss-absorbing and recapitalization capacity available during resolution. uTLAC refers to TLAC resources that are not distributed to material sub-groups beyond what is needed to cover risks on the resolution entity’s solo balance sheet. uTLAC serves as a pool of readily available and fungible resources for the resolution entity. It can be flexibly ...
Continuity of access to financial market infrastructure (FMI) services for firms in ...
ID 24390
The FSB emphasizes the significance of continuity of access to FMI services for banks, especially during resolution. The FSB Framework and Questionnaire were designed to help FMI service providers gather relevant information for clients and resolution authorities to support resolution planning. Survey feedback in October 2022 indicated that the FSB guidance is valuable, but more uptake by FMIs and FMI intermediaries is needed. **The ...
Asset Management
report / study
IOSCO endorses the ISSB’s Sustainability-related Financial Disclosures Standards
ID 24384
IOSCO has taken a significant step towards achieving consistent, comparable, and reliable sustainability information by endorsing the sustainability-related financial disclosures standards recently issued by the ISSB, known as IFRS S1 and IFRS S2. This endorsement follows a comprehensive and independent review of the final ISSB Standards, which IOSCO engaged in over the past two years. **The endorsement signifies IOSCO’s belief that the ISSB Standards ...
Asset Management
report / study
NGFS publishes report on key takeaways from monetary policy survey
ID 24352
The NGFS released a report titled „Monetary policy and climate change: key takeaways from the membership survey and areas for further analysis,“ which examines feedback from 55 central banks across different regions and stages of development. The report investigates the implications of climate change and the transition to net zero on economies and monetary policies, as well as steps taken to integrate climate change ...
Asset Management
report / study
IFRS Foundation publishes comparison of IFRS S2 with the TCFD Recommendations
ID 24349
The IFRS Foundation has released a comparison of IFRS S2 Climate-related Disclosures with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Recently, the ISSB has issued climate-related disclosures in line with the TCFD. These requirements are integrated and consistent with the TCFD’s core recommendations and 11 disclosures. **IFRS S1 provides general requirements for disclosing sustainability-related financial information and incorporates ...
Consolidated assessment ratings | Mutual Evaluation and Follow-Up Reports of ...
ID 24317
The FATF has published its latest updates to its Consolidated assessment ratings together with the publications of Mutual Evaluation & Follow-Up Reports of Algeria, Chad, Gabon, Slovenia, Turkey & United Arab Emirates on progress in strengthening measures to tackle money laundering and terrorist financing. The updated Consolidated assessment ratings provide an **up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with ...
Asset Management
report / study
IOSCO publishes a final report to help its members develop sound and ...
ID 24237
IOSCO published a final report on CCMs to assist its members in developing effective carbon markets. CCMs fall into two categories: „cap-and-trade“ markets, where carbon emission allowances are issued by government organizations to limit CO2 emissions, and „baseline-and-credit“ markets, where emitters can earn allowances by reducing emissions beyond their obligations. The report highlights the growing interest in CCMs worldwide, with 29 systems current ...