International

Market Infrastructure

IBA Launches New RFR Indexes to Facilitate LIBOR Transition

By Editors | 24/09/2021

IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.

Big Picture

Industry Group Considers Options for Protecting Data at FMIs

By Editors | 23/09/2021

There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.

Capital / Liquidity

Industry Bodies Call for Less Stringent Treatment of Cryptoassets

By Editors | 23/09/2021

The prudential framework envisaged by the BCBS consultation would create “material impediments” to regulated bank participation in cryptoasset markets.

Big Picture

IMF Calls for Action to Boost Investment Fund Resilience

By Editors | 22/09/2021

Measures proposed in a new IMF staff paper include enhanced liquidity management tools, redemption frequency limits, and the use of swing pricing to disincentivise early exits.

Market Infrastructure

Valuations of ESG Assets May be Stretched, BIS Warns

By Manesh Samtani | 21/09/2021

The BIS compares the ESG boom to railroad stocks in the mid-1800s, internet stocks during the dotcom bubble, and MBS during the GFC.

AML / KYC

US Sanctions Crypto Firm Over Ransomware Payments

By Editors | 21/09/2021

OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.

AML / KYC

Basel AML Index Calls Out Ineffectiveness Across Jurisdictions

By Manesh Samtani | 21/09/2021

Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.

Market Infrastructure

Canada Implements Financial Benchmarks Regulatory Regime

By Editors | 21/09/2021

CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.

ESG / Sustainability

BCBS Calls on Banking Sector to Enhance Cyber Defences

By Editors | 21/09/2021

Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.