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Securities / Derivatives
UK to Codify Tax Exemptions for Sovereign Investors into Law
By Editors | 05/07/2022
The proposals seek to ensure the tax exemptions provided to sovereign investors are more targeted towards investment rather than trading income.
Market Infrastructure
UK FCA Consults on Remaining LIBOR Transition Steps
By Editors | 04/07/2022
The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.
Crypto / Digital Assets
Binance to Help Cambodia Develop Crypto Regulatory Framework
By Editors | 04/07/2022
Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.
AML / KYC
FATF Outlines Priorities, Objectives for Singapore Presidency
By Editors | 04/07/2022
The Singapore Presidency will focus on areas such as asset recovery, cybercrime, virtual assets, beneficial ownership, data analytics and corruption.
Crypto / Digital Assets
FSB Plenary Highlights Continued Financial Stability Concerns
By Editors | 03/07/2022
The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.
AML / KYC
Limited Progress Made on Travel Rule Implementation: FATF
By Editors | 01/07/2022
Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.
ESG / Sustainability
GFXC Launches New Tool to Drive Adoption of FX Global Code
By Editors | 01/07/2022
The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.
Capital / Liquidity
BCBS Issues New Consultation on Banks’ Cryptoasset Exposures
By Manesh Samtani | 01/07/2022
Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
AML / KYC
FATF Seeks Views on Improvements to Recommendation 25
By Editors | 30/06/2022
The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.
AML / KYC
Canadian Banks Collaborate on KYC Utility Project
By Editors | 30/06/2022
The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.
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