International

Market Abuse

Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

By Editors | 26/06/2022

The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.

Climate Risk

Listed Equities’ Carbon Well Exceeds Paris Target

By ESG Investor | 26/06/2022

Stock exchanges’ listing rules are putting investors at risk, a new report from think tank Carbon Tracker finds.

Cryptocurrency

Bitcoin Consumes Less Energy than Classical Payments: Report

By Mark Johnston | 25/06/2022

Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.

KYC & CDD

Corporate Registries Should Issue LEIs in Bulk: BIS Paper

By Manesh Samtani | 25/06/2022

Bulk LEI issuance by corporate registries would enhance the efficiency and reliability of data collection and reduce the per-company cost of applying for an LEI.

Clearing & Post-Trade

ICMA Issues Guidance to Promote Bond Settlement Efficiency

By Editors | 25/06/2022

The best practice recommendations cover shaping of settlement instructions, partial settlement, auto-borrowing and netting.

Reporting & Disclosures

Moody’s Finds ESG Risk Mitigation Delivers Higher Returns

By ESG Investor | 25/06/2022

Controversial events can cause lasting damage to shareholder value, analysis from Moody’s Analytics suggests.

Anti-Money Laundering

Wolfsberg Group Calls for Greater Use of PPPs for AML/CTF

By Manesh Samtani | 24/06/2022

PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.

Climate Risk

GFANZ Consults on Net-zero Transition Planning Framework

By Editors | 24/06/2022

GFANZ identifies four critical approaches for financial institutions to support real-economy GHG emissions reductions.

Reporting & Disclosures

IFRS Foundation, VRF Finalise Consolidation Arrangements

By Sanday Chongo Kabange | 24/06/2022

The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.