Anti-Money Laundering

FATF Keeps Pakistan on Grey List with 4 Action Items Outstanding

21/10/2021

Marcus Pleyer said “there is no discussion on blacklisting Pakistan” as its government has demonstrated a “clear commitment” and is cooperating with the FATF.

Sustainable Finance

BIS Announces Plans to Launch Asian Green Bond Fund

21/10/2021

The fund will help channel central bank reserves to green projects in Asia Pacific, complementing two other green bond funds already launched by the BIS.

Anti-Money Laundering

AUSTRAC Publishes Guidance on Geographical Link Test

21/10/2021

The geographical link test helps firms that provide designated services determine whether they have AML/CTF obligations in Australia.

Emerging Prudential Risks

RBNZ Reviews Policy for Branches of Overseas Banks

21/10/2021

The RBNZ says there are inherent limitations on its ability to apply its regulatory standards to all branches and to supervise them effectively.

Trading & Investment

ISLA Publishes Clause Library, Taxonomy for Securities Lending

21/10/2021

ISLA collated clauses and variants used with master agreements and identified how firms configure and add to the standard provisions to create a set of common clauses.

Cybersecurity

FSB Seek Global Harmonisation in Cyber Incident Reporting

20/10/2021

The FSB will promote convergence in cyber incident reporting by developing best practices, defining information to be shared, and creating common terminologies.

Anti-Bribery & Corruption

Credit Suisse Settles Charges Over Mozambique ‘Secret Debt’

20/10/2021

Transactions that raised over $1bn were used to “perpetrate a hidden debt scheme”, pay kickbacks to investment bankers, and bribe government officials.

Clearing & Post-Trade

LCH Expands Eligible Collateral to Include SGD Securities

20/10/2021

LCH says accepting SGD collateral will be an important tool for improving liquidity management and optimising margin costs.

Anti-Money Laundering

India, US Pledge to Take Stronger Action Against Financial Crime

20/10/2021

Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.