International

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.

Crypto / Digital Assets

BIS Innovation Hub Nordic Centre Launches Retail CBDC Project

By Editors | 30/09/2022

The central banks of Israel, Norway and Sweden will develop a “hub” to which they will connect their domestic proof-of-concept CBDC systems.

AML / KYC

G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums

By Manesh Samtani | 30/09/2022

The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.