PRI Aligns Reporting Framework with that of TCFD

A pioneering sustainable investment disclosures organisation has made widescale changes to its reporting framework, amid calls that it fall in line with other reporting bodies. The United Nations-backed Principles for Responsible Investing (PRI) has loosened some of the reporting requirements that make its disclosures framework the largest in the industry. PRI signatories will now be asked to follow a framework more closely aligned with that of the Taskforce on Climate-related Financial Disclosures (TCFD).

European Regulators Give Backing to Planned CSRD Reporting Rules

Europe’s three main financial regulators have given conditional backing to the European Union’s proposed Corporates Sustainable Reporting Directive (CSRD), which will govern how companies disclose their ESG performance. The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA) said the rules – termed European Sustainability Reporting Standards (ESRS) –needed to align with other global reporting standards.

Axyon AI & C8 Technologies Partner to Deliver Axyon Model Strategies via C8 Studio Platform

Axyon AI, the developer of AI-based solutions for asset managers, has formed a partnership with C8 Technologies, the asset management platform provider, to make a wide selection of Axyon AI’s model strategies available via C8 Studio.

The partnership aims to provide a practical way for asset owners, wealth managers and family offices to add AI-driven performance to their investment portfolios, by accessing Axyon AI’s data and indexes directly within the C8 Studio platform.

Crypto Options Exchange Deribit Selects Eventus for Trade Surveillance

Panama-based Deribit, the world’s largest cryptocurrency options exchange by volume and open interest, has selected Eventus, the trade surveillance and market risk solutions vendor, to provide market abuse monitoring on the exchange through the company’s Validus platform.

The exchange considered various trade surveillance solutions in anticipation of operating under the Virtual Assets Regulatory Authority in Dubai and selected Eventus’ Validus to maintain the highest compliance standards.

Liquidnet and BondAuction Collaborate to Offer Auction-Style Primary Debt Trading via OMS

Liquidnet, the agency execution specialist, has partnered with BondAuction, an auction platform for the Primary Debt Capital Markets, to provide access to BondAuction’s offering from within clients’ Order Management Systems (OMSs).

Building on Liquidnet Primary Markets’ established OMS connectivity, institutional investors will have the ability to place bids via Liquidnet into the BondAuction platform directly from their OMS, and receive allotments back.

ECB Says Data Quality is Key to its own ESG Guidance Tools

The European Central Bank (ECB) has said the “development of high-quality data” is key to a set of statistical indicators it’s created to help the bank incorporate sustainability risks and markets in its monetary policy decision making. Executive board member Isabel Schnabel made the comment after the ECB said its indicators would focus on sustainable finance, financed emissions and the impact of physical climate risks on portfolios.

ISSB to Announce Reporting Framework in June

The International Sustainability Standards Board (ISSB) has said it will announce its ESG reporting framework in June. Erkki Liikanen, chair of the IFRS Foundation – under which the board operates – told the World Economic Forum’s annual gathering in Davos, Switzerland, that he expected the sustainability and climate-related reporting framework to be published “at tremendous speed” because “there is such urgency”. A meeting of the board earlier said it would allow companies exemptions from reporting some ESG data if the cost of gathering and disclosing it would damage them commercially.

US Banks to Undergo Climate Risk Stress Tests

US banks will have to undergo stress tests of their climate risk management and resilience practices under during an exercise organised by the Federal Reserve. The tests will be conducted by the end of July and will examine banks’ preparedness under their current climate policies and under a state of net-zero greenhouse gas emissions.

S3 Partners Launches Black Map, Providing Visibility into Herd Risk and Market Sentiment

S3 Partners, the financial data marketplace and workflow platform, has launched S3 Black Map, the latest evolution of S3’s platform, giving users visibility into long and short market sentiment, exposure to concentration and herd risk, and positioning of passive and active investment strategies in the marketplace.

Users can filter by industry, sector and cohort to quickly see which stocks in their portfolio are crowded and how the rest of the market is positioned. Black Map is available immediately through the Bloomberg App Portal via on the Bloomberg Terminal.

OSTTRA Enhances Network to Provide Real-Time Visibility of Eurex ETD Trades

OSTTRA, the global post-trade solutions company, is enhancing its network to give market participants a real-time view into the status of Exchange Traded Derivative (ETD) trades cleared through Eurex.

The enhanced connectivity, scheduled to go live in March 2023, will enable Eurex to send investment managers booking confirmations for their allocations via OSTTRA ClientLink for ETD, delivering live status updates on which trades have been given up, claimed and cleared.