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Securities / Derivatives
Japan FSA Issues Guidance on Preventing Archegos-style Incidents
By Sanday Chongo Kabange | 24/04/2022
Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
Fintech / Regtech
Russia Finalises Bill to Give Crypto Legal Tender Status
By Sanday Chongo Kabange | 23/04/2022
The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.
AML / KYC
FATF Vows ‘Swift and Decisive Action’ on Effectiveness
By Editors | 22/04/2022
The commitment includes action to promptly implement global beneficial ownership rules and increase countries’ capabilities to recover criminal assets.
ESG / Sustainability
IMF Creates New Loan-Based Resilience and Sustainability Trust
By Sanday Chongo Kabange | 21/04/2022
The IMF’s new loan-based trust seeks to help lower middle-income countries deal with external shocks like climate change and pandemics.
AML / KYC
OFAC Sanctions Russian Crypto Miners, UK Targets Military
By Manesh Samtani | 21/04/2022
OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
Crypto / Digital Assets
FSB Warns of Emerging Vulnerabilities, Financial Stability Risks
By Manesh Samtani | 21/04/2022
Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.
Fintech / Regtech
RegTech Adoption Requires Rethink of Regulatory Environment
By Sanday Chongo Kabange | 20/04/2022
New WEF paper outlines success factors for regtech adoption, a roadmap for implementation, and guidance on regulatory requirements.
Big Picture
WFE Publishes Paper on Human Rights Disclosure Practices
By Editors | 19/04/2022
The paper addresses social washing concerns and offers guidance for exchanges on reporting against human-rights related reporting frameworks.
AML / KYC
Countries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF
By Manesh Samtani | 19/04/2022
The FATF finds that countries have made “huge progress” in improving technical compliance, but many still face substantial challenges in taking effective action.
Fintech / Regtech
Growth of Fintechs, Neobanks Poses Systemic Risk: IMF
By Mark Johnston | 19/04/2022
Digital banks should have to meet stronger capital, liquidity, and risk-management requirements, commensurate with their risks.
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