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Securities industry body prepares to extend master agreement to digital assets, with Ashurst advising

The International Securities Lending Association is pushing to extend its Global Master Securities Lending Agreement to crypto assets, with a team from Ashurst advising.

10 August 2022

EU sustainability reporting standard could mean “information overload”, consultees say

Sustainable investing groups have praised the EU’s draft Sustainability Reporting Standards, whose consultation period closed this week, but banking groups have called for a delay in implementation.

10 August 2022

Data availability concerns persist as ESG amendments to MiFID II enter force

New EU rules integrating ESG into MiFID II requirements have come into force, despite warnings from industry that the data needed for effective compliance is still not available.

08 August 2022

CFTC to get digital commodities oversight in new senate bill

A bipartisan group from the US senate agriculture committee has proposed granting the Commodity Futures Trading Commission oversight over Bitcoin, Ether and other cryptos defined as digital commodities.

08 August 2022

“Low risk is not zero risk”: BIS and IOSCO take aim at CCP non-default losses

The Bank for International Settlements and the International Organization of Securities Commissions are looking into central counterparty (CCP) practices to address non-default losses, saying the sophistication of their approaches “varies significantly”.

04 August 2022

FATF plans for trust ownership rules criticised as “vague”

Industry bodies have complained the Financial Action Task Force’s plans to tighten rules around beneficial ownership of trusts are too “truncated” to properly tackle the matter.

04 August 2022

Gibson Dunn financial institutions co-chair heads to King & Spalding

King & Spalding has hired Matthew Biben, co-chair of Gibson Dunn & Crutcher’s financial institutions practice, as a partner in its New York office.

04 August 2022

ISSB urged to clarify disclosure standards

The International Sustainability Standards Board has received responses from across the globe on its proposed sustainability standards, with several industry figures saying they lack specificity and clarity.

03 August 2022

China enacts “historic” futures and derivatives law

China has enacted its first “fundamental” futures and derivatives statute, making it a clean netting jurisdiction for the first time – but there are fears its new status could run its firms up against a rapidly-approaching global deadline.

03 August 2022

Heating up: the race to regulate climate risk

As financial regulators move to expand their climate oversight of financial institutions, views on how far that supervision can go, and regulators' ability to directly regulate banks' carbon-intensive activities, are beginning to diverge between jurisdictions. GBRR asked practitioners and academics in the US, UK, European Union, Japan and Singapore to discuss whether and how regulators should get a handle on climate change.

01 August 2022

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