International

Big Picture

BIS Stresses Importance of Information Governance in Sustainable Finance

By Editors | 28/12/2022

BIS paper says enhancing information governance in sustainable finance can reduce risks to financial stability and the long-term robustness of the green transition.

Crypto / Digital Assets

Bank of Canada Papers Shine Spotlight on Stablecoins

By Sanday Chongo Kabange | 27/12/2022

The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.

Crypto / Digital Assets

Insurers Are Denying Coverage to Crypto Firms Linked to FTX

By Editors | 27/12/2022

When coverage is provided, it is becoming more pricey and contains broad policy exclusions that would deny any FTX-related claims.

Crypto / Digital Assets

How Law Enforcement Can Take Action Against Crypto Crime

By Gurvais Grigg | 23/12/2022

Blockchain analysis tools and appropriate training can help exchanges, law enforcement, and other stakeholders recover victim funds, says Gurvais Grigg.

Crypto / Digital Assets

BIS Papers Explore DeFi Benefits, Risks, and Systemic ‘Fragility’

By Mark Johnston | 22/12/2022

Regulators should address DeFi risks with globally consistent regulatory frameworks. Collateral liquidations in DeFi lead to lasting price impacts.

Fintech / Regtech

Five Steps to Address E-Comms Risk and Avoid Regulatory Penalties

By Rupal Patel | 22/12/2022

The industry is playing catch up with the impact of working from home and must ensure e-comms risk is managed in a better way, says Rupal Patel at Acin.

Sanctions

Canada to Seize Russian Assets to Finance Ukraine

By Editors | 22/12/2022

Canada will attempt to seize assets from a company owned by sanctioned Russian oligarch Roman Abramovich, and use the proceeds for Ukraine’s reconstruction.

Crypto / Digital Assets

Audit Firms Are Exiting Relationships with Crypto Clients

By Mark Johnston | 21/12/2022

Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.

Crypto / Digital Assets

FTX Seeks Court Authorisation to Sell Four Businesses

By Editors | 21/12/2022

Embed, LedgerX, FTX Japan and FTX Europe have maintained segregated customer accounts and have solvent balance sheets.