International

KYC & CDD

Canadian Banks Collaborate on KYC Utility Project

By Editors | 30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Trading & Investment

FMSB Publishes Best Practices for Trading Platform Disclosures

By Editors | 30/06/2022

Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.

Sustainable Finance

ICMA Issues KPI Registry for Sustainability-Linked Bonds

By ESG Investor | 30/06/2022

ICMA has also updated its guidance and introduced clarifications to support growth of the sustainable bond market.

Nature & Biodiversity

TNFD Unveils Metrics Architecture in Second Beta Framework

By ESG Investor | 30/06/2022

There are due to be two further beta drafts to be launched ahead of the final framework’s planned publication in September 2023.

PEPs & Sanctions

G7 Nations Announce Ban on Russian Gold Imports

By Manesh Samtani | 30/06/2022

The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

DeFi & Web3

WEF Offers Guidance to Policymakers on DAO Structures, Risks

By Editors | 28/06/2022

DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.

Emerging Prudential Risks

BIS Warns Central Banks of Inflation Threat

By Editors | 28/06/2022

The BIS warns that the dangers of stagflation “loom large” due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.

PEPs & Sanctions

Sanctions Force Russian Sovereign Debt Default

By Editors | 28/06/2022

Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

Liquidity Risk

BIS Launches Yuan Liquidity Facility for Central Banks

By Editors | 28/06/2022

Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.