International

Stablecoins

Tether’s Excess Stablecoin Reserves Reach All-time High

By Editors | 15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

Anti-Money Laundering

The Financial Action Task Force’s Challenge with Russia

By Fatima Alsancak | 15/05/2023

RUSI’s Fatima Alsancak says the FATF should consider Russia’s invasion of Ukraine as an impetus to update its standards and country assessment process to address corruption.

PEPs & Sanctions

G7 Leaders Pledge to Maintain Resilience of Global Financial System

By Editors | 15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Cryptocurrency

AIMA Publishes New Guide on Digital Asset Trading

By Editors | 15/05/2023

The guide provides an overview of the digital asset trading ecosystem and highlights key risk management considerations for institutional investors.

Capital Adequacy

Supervisors Need More Guidance on Using Pillar 2 Tools

By Manesh Samtani | 15/05/2023

Many prudential risks that arise from rising interest rates are “beyond the scope of Pillar 1” and are “more effectively addressed” through a robust Pillar 2 supervisory review process.

PEPs & Sanctions

US DOJ Approves First Transfer of Seized Russian Funds to Ukraine

By Editors | 15/05/2023

“While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last,” said Attorney General Merrick Garland.

Trading & Investment

IOSCO Issues Guidance on Good Practices For ETFs

By Editors | 14/05/2023

The good practices cover effective product structuring, disclosure, liquidity provision, and volatility control mechanisms.

Trading & Investment

EU Backtracks on Financial Advice Inducement Ban – Report

By Editors | 13/05/2023

The new plan is to limit the proposed ban on inducement payments to “execution-only” sales of investment products where no financial advice is delivered.

Custody & Infrastructure

StanChart to Launch Digital Asset Custody Services from Dubai

By Editors | 13/05/2023

The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.