International

    Market Infrastructure

    1M, 6M Synthetic GBP LIBOR to Cease at End March, FCA Says

    By Editors | 03/10/2022

    The FCA is still considering when to cease the 3-month synthetic GBP LIBOR setting, and whether to compel IBA to produce synthetic USD LIBOR settings after mid 2023.

    ESG / Sustainability

    FMSB Publishes Spotlight Review on Voluntary Carbon Markets

    By Sanday Chongo Kabange | 02/10/2022

    The spotlight review details the key challenges of VCMs and offers recommendations to help in their transition into a mature asset class.

    Crypto / Digital Assets

    SWIFT, Chainlink Working on Blockchain Interoperability POC

    By Editors | 02/10/2022

    Chainlink’s open-source cross-chain interoperability protocol will enable SWIFT messages to instruct on-chain token transfers.

    Securities / Derivatives

    SWIFT Launching New Service to Reduce Settlement Fails

    By Editors | 02/10/2022

    The service will use UTIs to enable automated tracking of both sides of the transaction by all market participants involved.

    Crypto / Digital Assets

    IMF Calls for Global Coordination on Stablecoin Regulation

    By Sanday Chongo Kabange | 01/10/2022

    In markets where risks are growing quickly, authorities should take immediate action, including by introducing targeted measures to “slow down stablecoin adoption”.

    AML / KYC

    US Sanctions Asia Firms for Facilitating Iranian Oil Sales

    By Editors | 01/10/2022

    The US designated companies based in China, the UAE, Hong Kong and India. Separately, Canada plans to sanction Iran’s “morality police”.

    ESG / Sustainability

    Fitch Flags Growing Pains for Sustainability-linked Bonds

    By ESG Investor | 01/10/2022

    Remedies needed to address misaligned incentives and lack of comparability in booming market, says ratings agency.

    ESG / Sustainability

    NZAOA Issues Call to Action on Blended Finance

    By ESG Investor | 30/09/2022

    The UN-convened Net Zero Asset Owners Alliance has called on policymakers to facilitate the scaling of blended finance structures to fund climate solutions.

    Capital / Liquidity

    Standard Setters Publish Review of Global Margining Practices

    By Editors | 30/09/2022

    Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.

    AML / KYC

    US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

    By Editors | 30/09/2022

    Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

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