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AML / KYC
US Signals More Balanced Approach to Sanctions Policy
By Manesh Samtani | 23/10/2021
The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
Capital / Liquidity
Too Soon to Base Capital Requirements on Climate Scenarios
By ESG Investor | 21/10/2021
NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.
AML / KYC
FATF Addresses Pandora Papers With New BO Requirements
By Manesh Samtani | 21/10/2021
The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.
Securities / Derivatives
ISLA Publishes Clause Library, Taxonomy for Securities Lending
By Editors | 21/10/2021
ISLA collated clauses and variants used with master agreements and identified how firms configure and add to the standard provisions to create a set of common clauses.
Market Infrastructure
FSB Seek Global Harmonisation in Cyber Incident Reporting
By Editors | 20/10/2021
The FSB will promote convergence in cyber incident reporting by developing best practices, defining information to be shared, and creating common terminologies.
AML / KYC
Credit Suisse Settles Charges Over Mozambique ‘Secret Debt’
By Editors | 20/10/2021
Transactions that raised over $1bn were used to “perpetrate a hidden debt scheme”, pay kickbacks to investment bankers, and bribe government officials.
Market Infrastructure
BIS Outlines Principles for Designing Effective Taxonomies
By Sanday Chongo Kabange | 20/10/2021
The principles for sustainable finance taxonomies will facilitate comparability and interoperability across firms and markets, the BIS says.
ESG / Sustainability
Transition Guidance is “Fundamentally Important”, says FSA’s Ikeda
By ESG Investor | 19/10/2021
The FSA’s Satoshi Ikeda said the regulator is “eagerly pushing” for measures to enable more dynamic investing in low-carbon and zero-carbon technologies.
Big Picture
Crypto Asset Regulation “A Matter Of Urgency”, says BOE
By Mark Johnston | 18/10/2021
Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
AML / KYC
OFAC Issues Sanctions Guidance for Crypto Sector
By Editors | 17/10/2021
OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.
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