Central banks in Russia and the European Union have both moved forward on their ambitions for digital versions of their currencies, as private sector voices increasingly raise concerns about the potential impact of CBDCs on financial stability.
The Basel Committee on Banking Supervision says it has “not found any evidence” to support the creation of a separate risk category to address the drivers of climate risk – but indicates there will need to be more “granular” measurement of the changing climate’s impact on banks’ actual exposures.
UK regulators should better align their compensation frameworks to avoid creating a “a culture of fear” around proactive risk taking at banks, according to a new report from the Financial Stability Board.
On April 14, 2021, the Basel Committee on Banking Supervision (BCBS) issued two climate-related reports--Climate-related risk drivers and their…
Following in the footsteps of other central banks around the world, and in face of the pressing need for an inclusive and sustainable economic…
In March 2021, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updated its guidance on (1) record keeping, (2) client…
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Bank of England governor Andrew Bailey has urged caution on stablecoin initiatives, saying multi-currency ‘baskets’ are the “wrong place to start”.
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