International

ESG / Sustainability

IFRS Foundation, VRF Finalise Consolidation Arrangements

By Sanday Chongo Kabange | 24/06/2022

The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.

Crypto / Digital Assets

BIS Innovation Hub Outlines Lessons from CBDC Experiments

By Manesh Samtani | 23/06/2022

The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

Crypto / Digital Assets

BISIH London to Develop API Prototypes for Retail CBDC

By Editors | 22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

Market Infrastructure

FIX Attains ISO Standardisation for Two Standards

By Editors | 22/06/2022

Participants will benefit from higher quality standards documents, which will lead to improved interoperability between implementations.

AML / KYC

Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative

By Editors | 21/06/2022

Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.

Crypto / Digital Assets

BIS Vision for Monetary System Doesn’t Include Crypto

By Manesh Samtani | 21/06/2022

BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.

Securities / Derivatives

Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

By Editors | 21/06/2022

HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.

Big Picture

BIS Bulletin Raises Concerns Over Front-running by Crypto Miners

By Editors | 20/06/2022

Crypto miners can choose which transactions they add to ledgers and in which order, allowing them to front-run markets.

Capital / Liquidity

Can Data Standardisation Drive Regulatory Harmonisation?

By William Coen | 20/06/2022

William Coen and Dr Maximilian Dyck discuss the standardisation of Basel III data using bankruptcy remoteness and fair value accounting as examples.