International

Big Picture

IMF Spotlights Legal Challenges of Fintech for Central Banks

By Sanday Chongo Kabange | 30/08/2021

A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.

Market Infrastructure

UK Competition Authority Opens Inquiry into S&P-IHS Deal

By Editors | 30/08/2021

The Competition and Markets Authority will announce in October whether it will refer the merger for a Phase 2 investigation.

AML / KYC

Screening Financial Instruments for Investment-related Sanctions Risk

By Manesh Samtani | 26/08/2021

Refinitiv identified over 190,000 financial instruments relevant to the US investment ban against Non-SDN Chinese Military-Industrial Complex Companies as of 28 July.

AML / KYC

GCFFC Calls for Action on Beneficial Ownership Data

By Manesh Samtani | 26/08/2021

Beneficial ownership data should be structured and interoperable, collated in a central register, and accessible to all actors fighting financial crime.

Market Infrastructure

GFXC Calls for Greater Transparency in Global FX Market

By Manesh Samtani | 24/08/2021

The GFXC is providing templates for disclosures on algo due diligence and TCA data, as well as disclosure cover sheets for liquidity providers and electronic trading platforms.

Crypto / Digital Assets

The Role of Digital ID in Advancing CBDC Initiatives

By Claus Christensen | 24/08/2021

The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiatives, writes Claus Christensen.

Big Picture

BIS Paper Warns of Delayed Corporate Insolvency Wave

By Ranamita Chakraborty | 20/08/2021

Unexpected credit losses could leave banks with inadequate loss-absorbing resources, warns a new working paper from the BIS.

AML / KYC

Darkweb Blockchain Analytics Tool Gets Shut Down

By Ranamita Chakraborty | 19/08/2021

A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.

Big Picture

OECD Offers Policy Advice for Regulating AI in Financial Services

By Manesh Samtani | 17/08/2021

Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.