The International Regulatory Strategy Group (“IRSG“) published a report entitled “Global Solutions to Global Problems”. The report aims to promote regulatory coherence in financial services to aid recovery from the Covid-19 pandemic.
In particular, the report identifies climate change, cyber crime and financial crime as issues which require a co-ordinated global response from financial regulators. The report recommends that regulators and national governments should prioritise fostering operational resilience, encouraging innovation in digital governance and incentivising sustainable finance.