International

AML / KYC

A Radical Re-think of Financial Crime Compliance

By Kelvin Toh | 17/02/2022

A fundamental rethink of FCC is needed to move away from tick-box compliance and ensure greater focus on effectiveness and outcomes, says Kelvin Toh.

Fintech / Regtech

Crypto-related Financial Stability Risks are Increasing: FSB

By Manesh Samtani | 16/02/2022

Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

Market Infrastructure

UBS, StanChart, BNP Sign On to Join VCM Initiative

By Editors | 16/02/2022

The initiative, now known as Carbonplace, will seek to develop infrastructure to facilitate reliable, secure, and scalable trading of high-integrity carbon credits.

Fintech / Regtech

IMF Paper Offers Insights from Six CBDC Pioneer Projects

By Sanday Chongo Kabange | 15/02/2022

A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.

Securities / Derivatives

FMSB Issues Standards on Sharing Investor Allocation Information

By Editors | 15/02/2022

The Standard sets out practices for syndicate banks on the sharing of investor allocation information in the fixed income primary markets.

Fintech / Regtech

UN Agency Approves Technical Standards Project for NFTs

By Editors | 14/02/2022

The project is led by Tencent, with support from other companies, universities and institutions including Ant Group.

ESG / Sustainability

Interconnected Data: A Strategic Approach to Regulatory Compliance

By Bradley Foster | 14/02/2022

Bradley Foster and Murat Bozdemir discuss the need to have a strategic data framework in place to ensure regulatory compliance and set out operational best practices for the road ahead.

ESG / Sustainability

Credible Data for a Sustainable Future

By Ashley Alder | 13/02/2022

Ashley Alder, Chair of IOSCO and CEO of the HK SFC, calls for greater consistency and transparency for ESG ratings and data.

Big Picture

Capital Controls Slowing Down Cross-Border Payments: CPMI

By Sanday Chongo Kabange | 13/02/2022

Using SWIFT gpi datasets, CPMI identified capital controls, longer bank offline hours, and batch processing as factors that slow down cross-border payments.