News Centre

EBA Reasserts Its Commitment To Contribute To A More Resilient And Sustainable Financial System

Date 09/11/2022

The European Banking Authority (EBA) published today its environmental statement in the context of the 2022 United Nations Climate Change Conference (COP27), highlighting its work aimed at increasing sustainability in the banking sector by enhancing market transparency and discipline and by translating sustainability considerations into risk management practices and supervision. The EBA also presented its priorities and activities to ensure a robust management of ESG (environmental, social and governance) risks and adequate supervision. 

BIS: What Drives Inflation? Disentangling Demand And Supply Factors

Date 09/11/2022

Summary

Focus 

Disentangling demand and supply factors driving inflation has often been a major challenge for monetary policy. This is also the case currently, as there are different views on the relative role of demand and supply in the inflation surge since 2021. In this paper, we estimate demand and supply factors and assess their contribution to inflation dynamics in the United States over the past five decades. The analysis also covers the euro area over the past two decades.

IOSCO Outlines Regulatory Priorities For Sustainability Disclosures, Mitigating Greenwashing And Promoting Integrity In Carbon Markets

Date 09/11/2022

The International Organization for Securities Commissions (IOSCO) today at COP 27 has outlined the actions it undertakes to protect investors by mitigating greenwashing in financial markets, to contribute to sustainability disclosure standards benefitting issuers and investors, and to promote well-functioning carbon markets.

AI: Moving From Fear To Trust - Speech By Jessica Rusu, UK Financial Conduct Authority Chief Data, Information And Intelligence Officer, At The City And Financial Global Summit: Regulation And Risk Management Of Artificial Intelligence In Financial Services

Date 09/11/2022

Highlights

• AI needs governance to move from fear to trust but many of the rules in financial services are already in place.
• Agency must not be attributed to AI systems as this risks removing accountability away from firms. 
• Safe and responsible AI adoption must be underpinned by high-quality data.

EEX And The Coalition For Rainforest Nations Intend Cooperation In REDD+ Sovereign Carbon Credits

Date 09/11/2022

The European Energy Exchange (EEX) and the Coalition for Rainforest Nations (CfRN) announced their intention to cooperate in the establishment of a market platform for REDD+ sovereign carbon credits. For this purpose, during the UN Climate Change Conference COP27, both partners have signed a letter of intent.

Commenti On The Near-Collapse Of FTX Cryptocurrency Exchange: Ganesh Viswanath Natraj, Assistant Professor Of Finance, Warwick Business School

Date 09/11/2022

Commenting on the near-collapse of cryptocurrency exchange FTX Ganesh Viswanath Natraj is Assistant Professor of Finance, Warwick Business School, said: "Binance and FTX are two of the three largest centralised exchanges, the other one being Coinbase. One implication of the near-collapse of FTX is that as Binance increases its market share of crypto trading, additional liquidity on Binance means centralised exchanges continue to dominate decentralised exchanges like Uniswap. These exchanges rely on different models, with Binance having a limit order book, and Uniswap having algorithms to execute transactions. "

CryptoCompare Market Spotlight: Diving Into FTX’s Insolvency, FTT & Binance

Date 09/11/2022

Concerns over the insolvency of FTX initially started circulating on Wednesday 2nd of November when the balance sheet of Alameda Research, a hedge fund closely associated with FTX and founded by Sam Bankman-Fried, (SBF) was leaked. 

Speech By China Securities Regulatory Commission Vice Chairman Fang Xinghai At Shanghai Stock Exchange Global Investors Conference 2022

Date 09/11/2022

I am delighted to attend Shanghai Stock Exchange (SSE) Global Investors Conference again. On behalf of China Securities Regulatory Commission (CSRC), I wish to extend hearty congratulations to this meeting and a warm welcome to all guests from home and abroad and express our sincere gratitude to international investors who have long cared for, supported and participated in the development of China's capital market. 

UK Financial Conduct AuthorityDefined Benefit Pension Redress Calculations

Date 09/11/2022

We have recently received information about a small number of firms not including all fees and charges in their defined benefit pension advice redress calculations, in line with current guidance FG17/9.

SET, MFA, Bangchak Group, SCG And OR Jointly Promote Carbon Neutrality Via “Care The Bear” Initiative At APEC 2022

Date 09/11/2022

The Stock Exchange of Thailand (SET) teams up with the Ministry of Foreign Affairs and capital market partners – Bangchak Group, SCG, and PTT Oil and Retail Business pcl (OR) - to promote “Care the Bear” project at APEC Economic Leaders’ Week Media Center, in their collaborative efforts to achieve low carbon society and make the media center carbon neutral. The initiative reinforces SET’s position at the forefront of stock exchange focusing on balanced and sustainable growth. Under the project designed to combat global warming, SET’s six Cares practices will be implemented with the “Green Media Center”, touted as a model for environmental management, optimized resource and energy utilization as well as integrated and concrete waste management.