The FCA has clarified that any period of non-representative LIBOR based on reduced panel bank submissions could last for only a period of months, not years.
The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.
The Alliance aims to identify and consolidate the fundamental ESG and alternative data firms require to make sustainable investment decisions and positively contribute to the UN SDGs.
Implementing strict KYC processes to comply with the 'travel rule' may be costly, but it is a necessary sacrifice to build a stronger industry in the long-run, says Michael Ou at CoolBitX.
The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and share knowledge on emerging technologies.
Without coordinated action, a new global financial crisis triggered by climate change would render central banks and financial supervisors powerless.
Trading venues and their participants should synchronise the clocks they use for timestamping reportable events with coordinated universal time (UTC), IOSCO says.
Non-bank financial intermediation posing bank-like financial stability risks grew by 1.7% in 2018, significantly slower than the 2012-2017 average annual growth rate of 8.5%.
Many banks are retooling to include modern slavery as one of the issues they track within their existing AML protocols, says Matt Friedman, CEO of The Mekong Club.
Foreign investors will be subject to the CFIUS national security review process even for deals to take a non-controlling interest in certain US companies.