Reporting and GovernanceRSS

OFR harmonises users understanding of financial data through FERD enhancement

Users will be able to compare more international data covering commonly used asset classes, such as equities, debt, options, warrants and futures following an enhancement to the Office of Financial Research’s (OFR) Financial Instrument Reference Database (FIRD).

CFTC launches two consultations on reporting and substituted compliance

Two proposals open to public comment related to derivatives have been put forward by the Commodity Futures Trading Commission (CFTC). 

IOSCO works with other standard setters to narrow scope for ‘greenwashing’

The availability of high standards of disclosure that firms can use in their end-2024 accounts to curb ‘greenwashing’ is a top priority for the International Organization for Securities Commissions (IOSCO). 

GET greenwashing

Regulators get tough on misleading ESG claims

Global regulators are cracking down on companies’ misleading environmental and sustainability claims, known as “greenwashing”, with a flurry of new initiatives to tackle the problem.

Singapore skyline

Singapore paves way for ‘differentiated’ stablecoins

The Monetary Authority of Singapore (MAS) has published new proposals for the regulation of stablecoin issuers and intermediaries, in a move that underscores the city-state’s intent to become a global leader in the sector.  

Lisa Quest

Global regulators need to lead the net-zero implementation charge with transition plans

As COP27 came and went, one message rang abundantly clear: Global investment in decarbonization is falling far short of what is needed to get the world on track to limit warming to 1.5 degrees C. Transition planning could play a big part in meeting climate objectives. By: Lisa Quest and Elizabeth Hoyler at Oliver Wyman 

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The quantum threat to financial services

Quantum computers could pose an existential threat to the heavily used encryption solutions that underpin the internet, including activities such as online financial services, which could see bank accounts drained in a flash.

Kerem Tomak

Banks turn to increasingly sophisticated technology to fend off hackers

The battle between hackers and banks is very unequal, with the former often able to perform their attacks anonymously at little cost. For banks, much is at stake from reputation to profitability and they are having to marshal increasingly sophisticated tools to defend their moats.

FSB consults on cyber incident reporting

Growing geopolitical risks and interconnectedness within the financial system is exposing the industry to greater risks of disruptive cyber events, the Financial Stability Board (FSB) warned on October 17 as it set out proposals to tackle reporting on the issue.

Michael Barnett Quillon Law

Could removing bankers’ bonus caps lead to another financial crisis?

While scrapping bonus caps is unlikely to result in another financial crisis in itself, the change in the way bankers are remunerated must come with safeguards to avoid any potential repeat of a culture of excessive risk-taking.