XP 49 Financial Industry Consultants

14th October 2021 – BCBS 19th Progress Report on Basel III Adoption

2021-10-31T15:29:04+00:00

The report sets out the jurisdictional adoption status of Basel III standards as of end-September 2021 based on information provided by all Committee member jurisdictions. It focuses on the status of adoption of all Basel III standards in relation to the internationally agreed time frame, including:  the Basel III post-crisis reforms published by the Committee [...]

14th October 2021 – BCBS 19th Progress Report on Basel III Adoption2021-10-31T15:29:04+00:00

8th October 2021 – BIS Paper – Taxonomy of Sustainable Finance Taxonomies

2021-10-11T15:26:55+00:00

BIS issues a very useful paper explaining how taxonomies should be structured, what they should try to cover and deliver, in the context of Sustainable Finance. The document proposes key principles for the design of effective taxonomies and uses those principles to develop a simple framework for transition taxonomies. The BIS paper discusses and maps [...]

8th October 2021 – BIS Paper – Taxonomy of Sustainable Finance Taxonomies2021-10-11T15:26:55+00:00

6th October 2021 – Regulatory Approach to the Operation of CBDCs and Stablecoins

2021-10-11T14:51:55+00:00

The BIS and the Group of Central Banks (list below) published a few documents on the operation of CBDCs (Central Bank Digital Currencies) for their use in Retail Banking. The address for the executive summary is: https://www.bis.org/publ/othp42.pdf Bank of Canada European Central Bank Bank of Japan Sveriges Riksbank Swiss National Bank Bank of England Board [...]

6th October 2021 – Regulatory Approach to the Operation of CBDCs and Stablecoins2021-10-11T14:51:55+00:00

20th September 2021 – BCBS Consultation on Cryptoassets Exposures Treatment

2021-10-11T14:50:42+00:00

The market associations produced a joint response to the BCBS consultation. A few days later, China’s central bank sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions, triggering a sell off in Bitcoin and the other digital currencies. This is followed by statements from large domestic Chinese banks declaring [...]

20th September 2021 – BCBS Consultation on Cryptoassets Exposures Treatment2021-10-11T14:50:42+00:00
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