Other’s

February 8, 2021

IMF concludes 2020 Article IV Consultation with Nigeria

The International Monetary Fund (IMF) has concluded its 2020 Article IV Consultation with Nigeria.  In a press release following the exercise, the IMF notes the Nigerian economy is at a critical juncture.   The multilateral lending institution indicates Nigeria is grappling with multiple shocks from the COVID-19 pandemic, including a
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May 4, 2020

Financial Stability Board: Consultation on guidance on assessing the adequacy of financial resources for CCP resolution

The Financial Stability Board is consulting on Guidance on financial resources to support CCP resolution and on the treatment of CCP equity in resolution (Guidance).   Part I of the Guidance proposes five steps to guide supervisory authorities in assessing the adequacy of a central counterparty (CCP)’s financial resources and
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April 30, 2020

Sustainable Finance: Basel Committee reports on climate-related financial risk initiatives

The Basel Committee on Banking Supervision (Committee) has published a stocktake report on its members’ existing regulatory and supervisory initiatives on climate-related financial risks.   Prepared by the Committee’s high-level Task Force on Climate-related Financial Risks (TFCR), the report suggests that the majority of Committee members are undertaking a number
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April 29, 2020

Implementation of the Principles for Effective Risk Data Aggregation and Reporting

The Basel Committee on Banking Supervision has published its progress report on banks’ implementation of the Principles for effective risk data aggregation and reporting (Principles).    Issued in 2013, the Principles aim to strengthen banks’ risk data aggregation and risk reporting with a view to improving their risk management, decision-making
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April 23, 2020

Sustainable Finance: European Supervisory Authorities consult on ESG Disclosures

European Supervisory Authorities have issued a Consultation Paper on Environmental, Social and Governance (ESG) disclosure standards.   The joint consultation paper seeks input on proposed ESG disclosure standards for financial market participants, advisers, and products.   Developed under the EU Regulation on sustainability-related disclosures in the financial services sector, the
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