International

Capital / Liquidity

Large Global Banks See Highest Capital Ratios Since 2012: BCBS

By Editors | 03/10/2022

A special feature in the latest Basel III monitoring report reveals that crypto exposures are small, around 0.14% of total exposures on a weighted average basis.

AML / KYC

US, UK, Canada, Australia Announce More Russia Sanctions

By Manesh Samtani | 03/10/2022

The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.

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.