The recommendations start with a proposal that regulators could consider focusing greater attention on the use of ESG ratings and data products and the activities of ESG rating and data products providers in their jurisdictions; followed by a set of recommendations addressed to ESG ratings and data products providers, setting out that they could consider a number of factors related to issuing high quality ratings and data products, including publicly disclosed data sources, defined methodologies, management of conflicts of interest, high levels of transparency, and handling confidential information; the recommendations also suggest that users of ESG ratings and data products could consider conducting due diligence on the ESG ratings and data products that they use within their internal processes; the recommendations close with suggestions that ESG ratings and data products providers, and entities subject to assessment by ESG ratings and data products providers could consider to improve information gathering processes, disclosures and communication between providers and entities subject to assessment.
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28 October 2021
FSB Chair Randal K. Quarles’s letter to the G20 Leaders ahead of their October Summit in Rome.
28 October 2021
This final report updates the assessment of lessons learnt for financial stability from the COVID-19 pandemic and outlines actions by the FSB and other standard-setting bodies in response to those lessons.
28 October 2021
Letter notes lessons learnt from the COVID Event and actions to address structural challenges facing the global financial system.
28 October 2021
The updated FATF Guidance for a risk-based approach to virtual assets and virtual asset service providers (VASPs) is intended to help countries and virtual asset service providers understand their anti-money laundering and counter-terrorist financing obligations, and effectively implement the FATF’s requirements as they apply to this sector.
27 October 2021
Report presents the FSB’s high-level assessment of current vulnerabilities in the global financial system; describes its ongoing financial stability work; and reports on the implementation and effects of G20 reforms.
27 October 2021
The Annual Report has been redesigned to be more forward-looking and encompassing so that it describes the FSB’s work to promote global financial stability.
19 October 2021
The FSB has appointed new chairs for SRC, SCSI and ReSG.
19 October 2021
This report sets out actions to achieve greater convergence in the reporting of cyber incidents.
19 October 2021
Greater harmonisation in cyber incident reporting would promote financial stability, especially given the digitalisation of financial services and increased use of third-party service providers.