International

ESG / Sustainability

IFRS Foundation, GRI to Align Sustainability Reporting Work

By Editors | 24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.

AML / KYC

FATF Spotlights ML/TF Risks Associated with Migrant Smuggling

By Manesh Samtani | 23/03/2022

Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.

Fintech / Regtech

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

By Sanday Chongo Kabange | 23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Securities / Derivatives

IOSCO to Develop Regulatory Toolkit on Retail Investor Protection

By Manesh Samtani | 21/03/2022

IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.

Big Picture

Financial Stability Risks from BigTech May Be Increasing: FSB

By Editors | 21/03/2022

The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.

Fintech / Regtech

BCBS Assesses Bank Use of AI & Machine Learning

By Editors | 18/03/2022

The BCBS is exploring banks’ use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.

Market Infrastructure

IBA Launches ICE Term SOFR Reference Rates

By Editors | 17/03/2022

The launch of ICE Term SOFR provides certainty when borrowers and lenders calculate their interest expenses and other contractual payments in advance.

Market Infrastructure

FIA Progresses Initiative to Develop New Derivatives Standards

By Sanday Chongo Kabange | 17/03/2022

FIA intends to launch an independent body to be called Derivatives Market Institute for Standards or DMIST in Q2 2022.

AML / KYC

US Treasury, DOJ Launch Global Task Force to Target Russian Assets

By Manesh Samtani | 17/03/2022

FinCEN is meanwhile taking steps to boost cooperation with the FIUs of Australia, Canada, France, Germany, Italy, Japan, New Zealand, the UK , and the Netherlands.