Cryptoassets in the metaverse could cause systemic risk - BofE
If an open and decentralised metaverse grows, the risks from cryptoassets may scale to have systemic financial stability consequences, say a pair of Bank of England wonks.
BIS and Iosco agree 'same risk, same rules' principles for systemic stablecoins
The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published final guidance confirming that stablecoin arrangements should observe international standards for payment, clearing and settlement systems.
The Disruption House to deliver ESG verification of fintech on Temenos Exchange
Source: The Disruption House
The Disruption House, providers of in-depth risk analytics on the ESG and business resiliency capabilities of Private and Venture Funded firms, announced that their scorecards and reports will be available for many of the firms hosted on the Temenos Exchange open marketplace for fintech solutions.
Financial regulators issued with climate risk guidelines
The Basel Committee on Banking Supervision has issued a set of climate risk guidelines to help financial regulators across the world assess bank preparedness in a co-ordinated fashion.
US Senator requests FSOC review into risks of consumer data use
US Senator and Democratic chair of the Senate Banking Committee this week requested that the Financial Stability Oversight Council (FSOC) examine financial institutions’ use of consumer data, and the risks they pose to US financial stability.
Former regulators join $45 million round in crypto risk platform Solidus Labs
Solidus Labs, a digital asset risk surveillance firm founded by ex-Goldman Sachs engineers, has secured a $45 million B round led by Liberty City Ventures and joined by Evolution Equity Partners, Declaration Partners, and angels including former US Acting Comptroller of the Currency Brian Brooks and former CFTC Chairman Christopher Giancarlo.
North Rock Capital selects Glue42 as foundation for next-generation trading and risk platform
Source: Glue42
North Rock Capital, an investment management firm built upon a global multi-manager investment platform, has selected Glue42, the company that delivers integrated desktop experiences to financial institutions globally, to serve as the foundation to its next-generation trading and risk platform.
Banks need to accelerate practical implementation to meet climate risk deadlines
Source: Acin
Acin has today published a barometer charting the preparedness of the world’s leading banks and asset managers to meet upcoming challenges in managing climate change-related risks.
