International

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.

ESG / Sustainability

IFRS Foundation Announces Next Steps for Sustainability Standards

By ESG Investor | 03/02/2021

The Sustainability Standards Board – widely supported across the investment industry – will be established in time for COP26 in November.

Big Picture

Industry Taskforce Publishes Blueprint for Creating Carbon Market

By Editors | 02/02/2021

The blueprint comprises 20 tangible actions to deliver a large-scale, voluntary carbon market and a roadmap for implementation.

AML / KYC

How Financial Institutions View Digital Identity: Survey

By Editors | 01/02/2021

RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.

Crypto / Digital Assets

Ripple Files Response to US SEC Defending XRP as Virtual Currency

By Editors | 31/01/2021

The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.

Big Picture

Asset Price Correction Could Jeopardise Financial Stability: IMF

By Editors | 31/01/2021

Policymakers should be prepared for the risks of a market correction as complacent investors bet on continued policy support and drive up valuations, the IMF warns.