International

Market Infrastructure

Canada to Allow T+1 Settlement Cycle for Mutual Funds

By Mark Johnston | 20/10/2023

CSA seeks feedback on amendments to allow mutual funds to voluntarily adopt T+1 settlement for subscription and redemption.

ESG / Sustainability

Canada Consults on Climate Scenarios for FIs

By ESG Investor | 20/10/2023

The Standardised Climate Scenario Exercise is a “pivotal step” towards strengthening climate risk management, said Canada’s OSFI.

AML / KYC

FinCEN to Require FIs to Report Transactions Involving Crypto Mixers

By Editors | 19/10/2023

FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.

Big Picture

BIS General Manager Outlines Crisis Management Lessons from Bank Failures

By Mark Johnston | 19/10/2023

In a speech, Agustín Carstens reviewed the key features and outcomes of the interventions by the US and Swiss authorities to manage bank failures.

Market Infrastructure

Lloyd’s Simulates $3.5tr Cyber Attack on Financial System

By Mark Johnston | 19/10/2023

Lloyd’s published a scenario that simulates a cyber attack that would cause $3.5tr in global economic losses over five years.

Sanctions

US & Allies Reimpose Iran Sanctions Following UNSCR Expiry

By Manesh Samtani | 19/10/2023

A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.

Market Infrastructure

CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements

By Editors | 18/10/2023

The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.

ESG / Sustainability

ESG Reporting’s Evolution and Convergence

By Ranamita Chakraborty | 18/10/2023

ERM’s Matt Klein and Andrew Radcliff discuss the convergence of sustainability regulations and the equally important social component of ESG.

Market Infrastructure

CPMI Publishes Harmonised Data Requirements for ISO 20022

By Mark Johnston | 18/10/2023

The BOE, ECB and RBA have committed to aligning with the new requirements and call on other market infrastructures and payment service providers to do the same.