MARKET INFRASTRUCTURE

    AML / KYC

    Addressing Financial Crime Through Data-driven Compliance

    By Heather Lee | 13/03/2021

    Given the rapid growth of digital technologies in financial services, the most effective way to defeat financial criminals today is to ‘follow the data’, says SWIFT’s Heather Lee.

    Enforcement

    ACCC Accepts Visa Commitment to Address Competition Concerns

    By Editors | 11/03/2021

    Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.

    Market Infrastructure

    APRA to Adopt New Consultation Approach to Data Collection

    By Manesh Samtani | 11/03/2021

    APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.

    Big Picture

    The ESG Interview: Asia Plots its Own Path

    By ESG Investor | 11/03/2021

    Mercer’s Alexis Cheang sees parallels and differences in the approaches of the region’s asset owners and policy-makers.

    Market Infrastructure

    LIBOR Transition: Derivatives Market Has Clarity: ISDA

    By Manesh Samtani | 11/03/2021

    The FCA’s recent announcement has provided clarity on the future of all LIBOR settings. But, derivatives market participants still have work to do.

    Market Infrastructure

    BOJ, FSA Urge FIs to Push Forward LIBOR Transition

    By Manesh Samtani | 09/03/2021

    The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.

    Market Infrastructure

    HKMA Issues Guidance for Bond Connect FX Settlement Banks

    By Editors | 09/03/2021

    Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.

    Big Picture

    PwC Offers ESG Risk Management Recommendations for Banks

    By Manesh Samtani | 09/03/2021

    Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.

    Market Infrastructure

    BOJ Governor Says Climate Change Should Guide Monetary Policy

    By Editors | 08/03/2021

    The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.

    ESG / Sustainability

    IFRS Foundation Outlines Plans for Sustainability Reporting Board

    By Editors | 08/03/2021

    The Trustees remain on track to make a final determination about a new board in advance of the November 2021 United Nations COP26 conference.

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