International

Big Picture

Leading Banks Fail to Account for Climate in Financial Statements

By ESG Investor | 27/04/2022

KPMG analysis finds most major banks and auditors are not yet focused on climate-related reporting.

AML / KYC

ICMA Issues Guidance on Repo Trades Impacted by Sanctions

By Manesh Samtani | 27/04/2022

ICMA provides guidance on handling situations where counterparties may fail to deliver collateral securities due to the imposition of sanctions.

Capital / Liquidity

Industry Bodies Call on BCBS to Revisit SA-CCR Standard

By Manesh Samtani | 26/04/2022

The SA-CCR framework, having been finalised in 2014, does not adequately reflect structural changes in the derivatives market and the overall regulatory framework.

Big Picture

FSB Proposes Policy Measures to Address EM Vulnerabilities

By Editors | 26/04/2022

The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.

ESG / Sustainability

IIGCC Launches New Investor Climate Engagement Toolkit

By ESG Investor | 26/04/2022

Stewardship and corporate engagement are “vital levers” to ensure companies meet decarbonisation targets, says IIGCC CEO.

Fintech / Regtech

BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges

By Editors | 26/04/2022

Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.

AML / KYC

Australia Sanctions More Russian Lawmakers, US Blocks Port Access

By Editors | 26/04/2022

Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.

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.