International

AML / KYC

GLEIF to Implement New Policies, File Formats in Global LEI System

By Editors | 15/02/2021

Users must plan to implement the updated file formats to ensure uninterrupted access to LEI data beyond 31 March 2022, GLEIF said.

ESG / Sustainability

IIF Offers Recommendations on Aligning Climate Finance Regulation

By Editors | 13/02/2021

The recommendations are aimed at promoting consensus and international alignment in sustainable finance policy and regulation.

AML / KYC

GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI

By Editors | 12/02/2021

The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.

Fintech / Regtech

Japan Finance Minister to Take CBDC Debate to G7 Meeting

By Sanday Chongo Kabange | 11/02/2021

Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.

Market Infrastructure

UPDATED: Over 100 Financial Firms Targeted by Single DDoS Attacker

By Editors | 10/02/2021

According to FS-ISAC, retail banking was the top target, accounting for 41% of the attacks, followed by exchanges at 15% and payments at 13%.

Market Infrastructure

G-SIBs to Spend Over $100m on IBOR Budget in 2021: EY

By Manesh Samtani | 09/02/2021

Banks of all sizes felt most of their budget would be spent on technology, followed by legal contract repapering. A shortage of legal resources remains a clear risk.

Enforcement

London Trader Jailed for LIBOR Manipulation Released

By Editors | 05/02/2021

Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.

Securities / Derivatives

Asian Regulators Issue Warnings as GameStop Remains in Focus

By Manesh Samtani | 04/02/2021

Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

Market Infrastructure

Is it Time to Regulate ESG Scores and Ratings?

By ESG Investor | 03/02/2021

End-users are seeking more transparency around cost and methodology to improve comparability across third-party vendors.