International

Fintech / Regtech

BNP Paribas Completes Successful DRR Test for CFTC Rewrite

By Editors | 03/11/2022

BNP Paribas is ready to implement Digital Regulatory Reporting for the CFTC’s new swap data reporting rules coming into effect on 5 December.

Crypto / Digital Assets

BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades

By Editors | 03/11/2022

Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.

AML / KYC

FATF Consults on New Draft Guidance on Beneficial Ownership

By Editors | 03/11/2022

The FATF is consulting on draft guidance on Recommendation 24 and draft proposals to amend Recommendation 25 and its Interpretive Note until 6 December 2022.

ESG / Sustainability

GFANZ Aims to Boost “Speed and Scope” of Net Zero Transition

By ESG Investor | 01/11/2022

Alongside the finalised transition framework for financial institutions, GFANZ issues updates on portfolio alignment metrics and policy levers.

ESG / Sustainability

GFANZ ‘Quiet Quits’ Race to Net Zero

By ESG Investor | 30/10/2022

The GFANZ 2022 progress report appeared to confirm the alliance’s intention to allow member groups to set their own path to net zero.

ESG / Sustainability

Singapore to Host Platform to Unify Carbon Market Registry Data

By Editors | 29/10/2022

Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.

AML / KYC

Wolfsberg Group Updates Guidance on Correspondent Banking

By Editors | 28/10/2022

The updated Financial Crime Principles for Correspondent Banking includes guidance on what respondent banks may face when seeking a correspondent banking relationship.

Market Infrastructure

SWIFT Defers ISO 20022 Migration to March 2023

By Editors | 28/10/2022

The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.

Market Infrastructure

Don’t Overlook the Value of LEI

By Joseph Capablanca | 28/10/2022

DTCC’s Joseph Capablanca discusses the importance of the LEI for improving transparency, cutting costs, and reducing operational risk in the global financial industry.