BIG PICTURE

Market Infrastructure

BIS Paper Examines Central Clearing in Government Bonds

By Manesh Samtani | 22/09/2024

New BIS paper says centrally clearing could help mitigate risks and improve intermediation but introduce different challenges.

Fintech / Regtech

Global Data Sharing Standards Needed to Combat Financial Crime

By Thisanka Siripala | 18/09/2024

The GCFFC has published a paper calling for the development of legal pathways for cross-border data sharing for the purpose of combatting financial crime.

Securities / Derivatives

US Move to T+1 Settlement Cycle Declared a Success

By Thisanka Siripala | 17/09/2024

Despite earlier fears, SIFMA, ICI and DTCC said there was no increase in failed trades, operational glitches or FX settlement issues following the transition.

Big Picture

SIFMA Calls for Technology-Neutral Approach to AI Regulation

By Nithya Subramanian | 13/09/2024

SIFMA says additional rules should only be considered if gaps are identified that existing regulatory and legal frameworks cannot address.

AML / KYC

GCFFC Calls for Better Access to Global Beneficial Ownership Data

By Manesh Samtani | 12/09/2024

In a new report, the GCFFC outlines key considerations for building technological systems to standardise the collection and publication of BO data across jurisdictions.

AML / KYC

Stronger AML Controls Needed to Combat Organised Crime: AIC

By Thisanka Siripala | 10/09/2024

The Australian Institute of Criminology found that money laundering activity by organised crime groups leads to increases in crime-related harm.

ESG / Sustainability

Industry Seeks Guidance on Sustainability-related Repo: ICMA

By Manesh Samtani | 04/09/2024

A February 2024 ICMA survey highlighted a growing need for guidance on all types of sustainability-related repo.

Crypto / Digital Assets

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Big Picture

HKMA Highlights Power of AI to Mitigate Greenwashing Risk

By Manesh Samtani | 28/08/2024

HKMA published a bulletin offering guidance to FIs on the use of AI-powered ESG tools to help manage climate greenwashing risk.