International

Market Infrastructure

WFE Launches Market Infrastructure Certification Programme

By Ranamita Chakraborty | 05/07/2023

The programme, which is equivalent to a master’s degree, will help mid-career bankers and regulatory professionals to deepen their knowledge of market infrastructures.

Big Picture

Model Risk Heightened in Current Credit Environment: BCBS

By Manesh Samtani | 05/07/2023

Model and data limitations are making it more difficult for banks to capture credit quality deterioration, which may lead to higher future bank losses and capital inadequacy, the BCBS says.

ESG / Sustainability

Systemic, Firm, and Human Capital Implications of Climate Transition

By Siva Ramachandran | 04/07/2023

Siva Ramachandran and Phoebe Chan discuss the key implications of the global transition journey at the systemic, firm, and human capital levels.

Market Infrastructure

IOSCO Declares Certain Credit Sensitive Rates Non-Compliant

By Manesh Samtani | 04/07/2023

IOSCO’s statement comes after the final five settings of USD LIBOR were published for the last time on Friday, marking the end of a more than 50 year old benchmark.

Capital / Liquidity

FCA Boosts Pension Scheme LTAF Access

By ESG Investor | 03/07/2023

The UK has set out rules to provide retail investors with access to Long Term Asset Funds (LTAFs).

AML / KYC

Consultation Opens on Revisions to FATF Standards for NPOs

By Editors | 01/07/2023

The proposed amendments seek to address issues related to the over-application of preventive measures to the NPO sector, which hinders genuine non-profit activity.

ESG / Sustainability

VCMI Introduces Carbon Offset Rules

By Ranamita Chakraborty | 30/06/2023

Companies must choose carbon credits that meet strict quality thresholds aligned with the Integrity Council for Voluntary Carbon Markets Core Carbon Principles to make climate claims under the new VCMI rules.

Crypto / Digital Assets

BIS Releases Interim Report on Project Mariana

By Editors | 29/06/2023

Project Mariana is studying the use of DeFi automated market makers and wholesale CBDC for cross-border foreign exchange transactions.

Crypto / Digital Assets

FATF Publishes Update on VA, VASPs Standards Implementation

By Jill Wong | 28/06/2023

The latest FATF review on country compliance finds that markets are continuing to struggle with FATF requirements to regulate virtual asset service providers.