International

Market Infrastructure

OECD Issues Guidance on Implementing Global Minimum Tax

By Editors | 06/02/2023

The guidance aims to help governments implement the 15% global minimum corporate tax in a consistent manner and reduce compliance costs for companies.

Sanctions

New Price Caps Targeting Russian Petroleum Products Take Effect

By Editors | 06/02/2023

A 55-day transitional period is provided for Russian petroleum products purchased and loaded onto vessels before 5 February and unloaded before 1 April 2023.

AML / KYC

Transparency International Releases 2022 Corruption Perceptions Index

By Editors | 03/02/2023

Asia Pacific scored above the global average. New Zealand, Singapore, Hong Kong, Australia and Japan ranked in the top twenty.

Crypto / Digital Assets

Looking Beyond the Hype of Cryptoassets

By Olivier Fines | 03/02/2023

Oliver Fines says fiduciaries have no excuse for their falling prey to hype associated with crypto, as principles of prudence, care and loyalty should continue to apply.

Market Infrastructure

Existing FMI Rules Are Sufficient to Address Climate-related Risks

By Sanday Chongo Kabange | 03/02/2023

DTCC says the regulatory frameworks and standards contained within the PFMI are sufficient to address climate-related financial risks faced by FMIs.

Securities / Derivatives

Ransomware Attack Against ION Markets Hit Derivatives Traders

By Manesh Samtani | 03/02/2023

The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.

Securities / Derivatives

IOSCO Revises Principles for Regulating Commodity Derivatives Markets

By Editors | 01/02/2023

New Principles added cover unexpected market disruptions, market access, high-frequency trading, and investor education.

Big Picture

Responsible Innovation in Financial Markets: Observations from the Trenches

By Manoj Ramia | 01/02/2023

Digital Asset’s Manoj Ramia says responsible financial innovation should be informed by reality, focus on solving real problems and stay within regulatory guardrails.

AML / KYC

FINTRAC Issues Guidance on Detecting Illegal Wildlife Trade

By Editors | 01/02/2023

The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.