International

ESG / Sustainability

G20 Introduces Transition Finance Framework

By ESG Investor | 20/10/2022

G20 Sustainable Finance Working Group publishes the outcome of activities across three workstreams, including a transition finance framework.

AML / KYC

Canada, Switzerland Sanction More Russians, EU Considers 9th Package

By Manesh Samtani | 19/10/2022

The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.

AML / KYC

IMF Publishes Guide to Beneficial Ownership Transparency

By Editors | 18/10/2022

Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.

Securities / Derivatives

CME Group to Launch USD-denominated TOPIX Futures

By Editors | 18/10/2022

The new contract is designed to complement the existing JPY-denominated TOPIX futures contract launched in February 2018.

Market Infrastructure

FSB Proposes to Standardise Global Cyber Incident Reporting

By Editors | 18/10/2022

The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.

Crypto / Digital Assets

Tether Eliminates Commercial Paper from Stablecoin Reserves

By Manesh Samtani | 15/10/2022

“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.

AML / KYC

Glencore Facing Investor Lawsuits Following Bribery Conviction

By Editors | 14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.

Market Infrastructure

CME Confirms 14 April 2023 for Conversion of Eurodollar F&O

By Editors | 14/10/2022

CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.

ESG / Sustainability

ESG Ratings Space Needs Regulatory Intervention

By Hazel Ilango | 14/10/2022

The IEEFA’s Hazel James Ilango says regulatory intervention is needed in the ESG ratings sector to enhance market confidence and protect investors.