International

AML / KYC

FATF Concludes Final Plenary Under German Presidency

By Editors | 19/06/2022

FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.

Securities / Derivatives

Financial Transaction Taxes Disrupt Securities Markets: ASIFMA

By Editors | 19/06/2022

Financial transaction taxes tend to reduce stock prices, trading volume, liquidity, and overall market attractiveness.

Fintech / Regtech

‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

By Sanday Chongo Kabange | 19/06/2022

A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

Securities / Derivatives

Bank of China Issues First Notes Aligned to Updated CGT

By Editors | 17/06/2022

The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.

Market Infrastructure

US Fed Raises Interest Rates by Most Since in 28 Years

By Editors | 16/06/2022

The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.

Capital / Liquidity

BCBS Issues Principles on Managing Climate Risks in Banking

By Manesh Samtani | 15/06/2022

12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.

AML / KYC

FATF Joins UN Counter-Terrorism Coordination Compact

By Editors | 14/06/2022

Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

AML / KYC

Russia Launches Blockchain-Based Alternative to SWIFT

By Editors | 14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

ESG / Sustainability

Green Funds Largely Unaligned with Paris Agreement – S&P

By ESG Investor | 14/06/2022

S&P looked at nearly 12,000 equity mutual funds and ETFs representing more than USD 20 trillion in market value. About 11% were aligned with the Paris goals.