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AML / KYC
EU Leaders Agree to Ban 90pc of Russian Oil by Year-end
By Manesh Samtani | 01/06/2022
The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.
Capital / Liquidity
BCBS Progresses Work on Climate Risk, Crypto Assets
By Editors | 01/06/2022
The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.
Big Picture
Sustainable Investing Slowly Taking Root at Central Banks
By ESG Investor | 30/05/2022
A new report says central banks are increasingly looking to align their operations with sustainability objectives within the constraints of their mandates.
Big Picture
“Notable Progress” in Financial Institutions’ D&I Policies: BIS
By ESG Investor | 28/05/2022
International standards could be more explicit in articulating expectations on diversity and inclusion practices.
Big Picture
World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
By Sanday Chongo Kabange | 28/05/2022
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
AML / KYC
US Treasury Puts Russia on Path to Sovereign Default
By Manesh Samtani | 27/05/2022
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
Fintech / Regtech
ISLA, ICMA Advance Work to Digitise Industry Documentation
By Editors | 27/05/2022
ISLA and Linklaters are working to automate securities lending contract negotation. ICMA is looking to digitise repo documentation.
Securities / Derivatives
WFE Sheds Light on Effectiveness of Circuit Breakers
By Editors | 26/05/2022
The study shows that the circuit breakers triggered during the March 2020 volatility contributed to alleviating financial market pressures.
AML / KYC
Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes
By Manesh Samtani | 26/05/2022
The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.
Market Infrastructure
Implementation of Global Tax Reforms to Be Delayed
By Editors | 26/05/2022
The full text of the agreement will not be ready by mid-year as originally planned. Implementation is now expected in 2024 rather than 2023.
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