International

Crypto / Digital Assets

FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023

By Editors | 21/02/2023

In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

Big Picture

CPMI Offers Guidance on Extending RTGS Operating Hours

By Editors | 21/02/2023

Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.

Big Picture

FSB Warns of Excessive Concentration Risk in in Commodity Markets

By Mark Johnston | 20/02/2023

The concentration of market power among a few firms and their reliance on debt increases the potential for market disruptions in commodity markets.

Securities / Derivatives

Industry Bodies Open Common Domain Model on FINOS Platform

By Editors | 20/02/2023

The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.

Crypto / Digital Assets

GBBC Digital Finance Joins IOSCO as Affiliate Member

By Editors | 20/02/2023

GBBC Digital Finance will this year prioritising work to construct a DeFi education and engagement platform.

Capital / Liquidity

FSB Calls for Research on Post-GFC Securitisation Reforms

By Editors | 20/02/2023

The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.

Crypto / Digital Assets

Russia to Launch CBDC Consumer Pilot in April With 13 Banks

By Editors | 20/02/2023

The 13 participating banks have “passed all tests” to confirm their technical readiness to start the pilot with a limited number of clients.

ESG / Sustainability

ISSB Finalises Key Standards; Backs ESRS as Source

By ESG Investor | 18/02/2023

The general reporting standard and climate reporting standard are now expected to be issued at the end of Q2 2023.

AML / KYC

Trafigura Suffers $577m Fraud Involving Fake Nickel Shipments

By Editors | 17/02/2023

156 containers that were supposed to contain nickel turned out to contain carbon steel, which is worth a fraction of the price.