International

Enforcement

Canada Sanctions Iranian Judges Citing Human Rights Violations

By Mark Johnston | 19/06/2023

Canada says Iran’s Revolutionary Courts are “notorious for issuing death sentences and harsh prison terms following sham trials and based on evidence gathered under torture”.

AML / KYC

US Court Orders Binance to Isolate US Business from Global Operations

By Manesh Samtani | 19/06/2023

The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

Crypto / Digital Assets

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Crypto / Digital Assets

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

By Editors | 19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

Market Infrastructure

FIA Issues Standard to Promote Timely Trade Give-Ups and Allocations

By Editors | 18/06/2023

The standard focuses on streamlining the delivery and processing of allocation instructions. A consultation on average pricing was also launched.

Securities / Derivatives

FSB, IOSCO Set to Propose Reforms to Address Fund Liquidity Risk

By Editors | 16/06/2023

The FSB and IOSCO said that they will both be publishing consultation papers on liquidity risk management in early July.

Big Picture

Regulators Paying More Attention to Banks’ Cyber Resilience: FSI Paper

By Ranamita Chakraborty | 16/06/2023

The paper outlines how escalating cyber threats have resulted in the development of “second-generation” cyber regulations.

ESG / Sustainability

Fit For Purpose: Existing Principles for FMIs Can Address Financial Climate Change Risks

By Michael Leibrock | 16/06/2023

FMIs are well placed to address climate-related risks in accordance with the existing PFMI principles, says DTCC’s Michael Leibrock.

ESG / Sustainability

Net Zero Bondholder Stewardship Guidance Launched

By ESG Investor | 16/06/2023

The IIGCC’s guidance provides advice on stewardship across different forms of corporate debt.