International

Cryptocurrency

Looking Beyond the Hype of Cryptoassets

By Olivier Fines | 03/02/2023

Oliver Fines says fiduciaries have no excuse for their falling prey to hype associated with crypto, as principles of prudence, care and loyalty should continue to apply.

Climate Risk

Existing FMI Rules Are Sufficient to Address Climate-related Risks

By Sanday Chongo Kabange | 03/02/2023

DTCC says the regulatory frameworks and standards contained within the PFMI are sufficient to address climate-related financial risks faced by FMIs.

Cybersecurity

Ransomware Attack Against ION Markets Hit Derivatives Traders

By Manesh Samtani | 03/02/2023

The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.

Trading & Investment

IOSCO Revises Principles for Regulating Commodity Derivatives Markets

By Editors | 01/02/2023

New Principles added cover unexpected market disruptions, market access, high-frequency trading, and investor education.

Custody & Infrastructure

Responsible Innovation in Financial Markets: Observations from the Trenches

By Manoj Ramia | 01/02/2023

Digital Asset’s Manoj Ramia says responsible financial innovation should be informed by reality, focus on solving real problems and stay within regulatory guardrails.

Anti-Money Laundering

FINTRAC Issues Guidance on Detecting Illegal Wildlife Trade

By Editors | 01/02/2023

The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.

Reporting & Disclosures

European Regulators Slammed for Approach to Greenwashing Probe

By ESG Investor | 31/01/2023

A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities.

Anti-Money Laundering

Bankman-Fried Lawyers Request Access to Crypto Held by FTX

By Editors | 31/01/2023

The DOJ asked for a communications ban against Bankman-Fried as an additional bail condition. Last week, a 116-page list of the FTX’s creditors was filed to the bankruptcy court.

Stablecoins

Moody’s is Developing a Scoring System for Stablecoins – Report

By Editors | 31/01/2023

The project, still in the early stages of development, will produce scores for up to 20 stablecoins based on reserve attestation quality.