International

Fintech / Regtech

TerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen

By Manesh Samtani | 12/05/2022

The world’s fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.

Fintech / Regtech

IMF Explores Impact of Digital Money on Central Bank Operations

By Editors | 11/05/2022

The paper explores how CBDCs and stablecoins could impact the interest rate channel, monetary policy and central bank operations.

Fintech / Regtech

90pc of Central Banks Are Exploring a CBDC, BIS Finds

By Editors | 10/05/2022

More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

Big Picture

Out-of-Court SME Restructuring Protects Financial Stability: FSB

By Manesh Samtani | 10/05/2022

Jurisdictions should assess their out-of-court corporate debt workout frameworks and reduce barriers to access for SMEs experiencing corporate stress.

Big Picture

QR Code Payments Promote Credit Access for SMEs: BIS

By Sanday Chongo Kabange | 09/05/2022

QR payments allow the creation of a digital payment footprint that enables small firms to access credit from both big tech firms as well as banks.

Market Infrastructure

Mandatory Disclosure Needed to Address “Persistent” GHG Reporting Gap

By ESG Investor | 09/05/2022

FTSE Russell paper reveals wide variations across countries, sectors and company size for Scope 1 and 2 emissions.

AML / KYC

OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

By Editors | 09/05/2022

Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.

AML / KYC

EU Oil Embargo Opens Possibilities for Further Sanctions – Report

By Editors | 09/05/2022

The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.

AML / KYC

US, UK Include Professional Services in New Russia Sanctions

By Manesh Samtani | 09/05/2022

New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations