Our Scans · (FS.7.02) Regulatory Bodies · Weekly Summary

• The Council of Financial Regulators monitors developments in the NBFI sector and considers any associated systemic risks for the Australian financial system. Reserve Bank of Australia
• The United Kingdom's financial regulator, the Financial Conduct Authority, announced that it will consult in 2024 on proposals to make disclosure of climate transition plans mandatory for listed companies. Debevoise
• Cryptocurrencies operate on a global scale, and regulatory measures frequently necessitate international cooperation to manage possible dangers and assure compliance with financial regulations. Techstory Media
• A new publication from the UK's financial regulator signals to firms that they should take steps to manage risks in the use of AI. Latham.London
• Financial regulators like the US Security and Exchange Commission (SEC) can help, by requiring companies to disclose any risks and dependencies that are financially material. ESG Today
• The UK asset management industry - which collectively handles £11 trillion in assets - is still governed by retained EU laws which the FCA will now have powers to reform under the Future Regulatory Framework, tabled by ministers to boost powers of UK financial regulators. CityAM
• UK pension funds have criticised proposals to loosen listing requirements for the London Stock Exchange made by the financial regulator, warning they would undermine investor protections. UKTN | UK Tech News
• Governments and financial regulators globally have implemented strict anti-money laundering (AML) regulations to mitigate potential money laundering risks and combat illegal activity. CUBE global
• After many years of uncertainty surrounding the treatment of crypto assets in South Africa, the Financial Sector Conduct Authority has taken the much-anticipated step of bringing crypto assets within the realm of financial regulation in South Africa. Eversheds Sutherland
• The latest development means that both the South Korean central bank and its financial regulator will be able to investigate crypto operators and have full access to transaction data. Decentralize.Today
• Lloyds could suffer from tighter liquidity rules from financial regulators that come about as a result of the current banking crisis. The Motley Fool UK
• There is a growing consensus globally that central banks and financial regulators should view climate risks as major financial risks. Asia Pathways
• Financial regulators in Europe and elsewhere continue to be integrally involved in the development of standards for assessing climate-related financial risk, collecting and analyzing related data, and making appropriate disclosure. Cadwalader, Wickersham & Taft LLP
• Public companies will be required to report on their carbon emissions by financial regulators in places like the EU, U.K., U.S., and Canada. icrunchdata
• Singapore's central bank and financial regulator warned Tuesday of sharp speculative swings and potential risks for retail investors who put their money in cryptocurrencies. CNBC
• We expect financial regulators and central banks around the world to expand their focus to crypto assets and to accelerate their work in writing new rules to help prevent an FTX-type collapse in the future. CityAM
• Simply put, since commodities will have a great influence on price stability - which central banks are supposed to be watching over - the financial regulators should recalibrate policies to consider the world outside nominal variables. The Deep Dive
• The Network for Greening the Financial System - a consortium of the world's central banks and financial regulators - has set out its expectations for financial institutions to enhance transparency to help supervisors understand their approach to climate-related and environmental risks. Central Banking
• Meeting the challenge of climate change will require improved coordination across Treasury, financial regulators, the private sector, and U.S. government partners to understand and manage the resulting operational risk. Stanford Institute for Economic Policy Research
• Enhancing payments connectivity, digitalizing the financial infrastructure and promoting green finance will be among the main areas of focus for Singapore's central bank and financial regulator in the years to come. Fintech Singapore
• If Germany improves its education, upgrades its financial regulations to protect its taxpayers better from risky speculation, or invests in vaccine research and development, French people will not lose out. Tax Justice Network
• As Singapore's central bank and integrated financial regulator, the Monetary Authority of Singapore (MAS) works with financial institutions to strengthen the resilience of the financial sector against environmental risks. Corporate & Institutional Banking

Last updated: 23 April 2024