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Reporting & Disclosures
Banking on a Sustainable Future
By Editors | 27/07/2022
Organisastions are faced with the challenge of understanding the nuances of regulations and ensuring they have sufficient capacity to apply them in daily business activities.
Anti-Money Laundering
FATF Issues Final AML Guidance for Real Estate Sector
By Editors | 27/07/2022
The guidance sets out the primary risks for the real estate sector and the measures needed to take adequately mitigate these risks.
Cryptocurrency
WEF Consortium Assesses Macro Impact of Crypto, Stablecoins
By Editors | 26/07/2022
Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.
Anti-Money Laundering
FATF Offers Guidance on Private Sector Information Sharing
By Editors | 25/07/2022
The report features information sharing case studies from the UK, Singapore, Netherlands, the US, Estonia, and Germany.
Climate Risk
ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’
By Editors | 24/07/2022
The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.
PEPs & Sanctions
Russia Creates Hurdles for Foreign Banks Trying to Exit
By Manesh Samtani | 24/07/2022
Societe Generale is the only major bank that has exited Russia so far. HSBC has struck a deal to sell its Russian business but will need regulatory approval.
Structural Regulation
Fed Consults on Default Rules for Legacy LIBOR Contracts
By Editors | 24/07/2022
The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.
Conduct, Culture & Accountability
UK FRC Scrutinises Audit Firms’ Exam Cheating Controls
By Editors | 24/07/2022
The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.
Tokenisation
ISSA Finds ‘Major Upsurge’ in DLT Use in Financial Markets
By Editors | 24/07/2022
Over 30% of the industry using DLT in live production, finds ISSA survey, conducted by the ValueExchange with support from Accenture, Broadridge and VMWare.
Payments & Settlements
Central Bank Liquidity Bridges Lower Costs of Cross-border Payments
By Editors | 24/07/2022
CPMI says central bank liquidity bridges can help reduce funding costs, FX costs, credit risks and operational risks for payment system participants.
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