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Credit Risk
Industry Bodies Call on BCBS to Revisit SA-CCR Standard
By Manesh Samtani | 26/04/2022
The SA-CCR framework, having been finalised in 2014, does not adequately reflect structural changes in the derivatives market and the overall regulatory framework.
Emerging Prudential Risks
FSB Proposes Policy Measures to Address EM Vulnerabilities
By Editors | 26/04/2022
The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.
Climate Risk
IIGCC Launches New Investor Climate Engagement Toolkit
By ESG Investor | 26/04/2022
Stewardship and corporate engagement are “vital levers” to ensure companies meet decarbonisation targets, says IIGCC CEO.
CBDCs
BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges
By Editors | 26/04/2022
Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.
PEPs & Sanctions
Australia Sanctions More Russian Lawmakers, US Blocks Port Access
By Editors | 26/04/2022
Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.
Cryptocurrency
European Crypto Firms Push Back Against Proposed Regulations
By Editors | 24/04/2022
Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.
Credit Risk
Japan FSA Issues Guidance on Preventing Archegos-style Incidents
By Sanday Chongo Kabange | 24/04/2022
Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
Cryptocurrency
Russia Finalises Bill to Give Crypto Legal Tender Status
By Sanday Chongo Kabange | 23/04/2022
The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.
Anti-Money Laundering
FATF Vows ‘Swift and Decisive Action’ on Effectiveness
By Editors | 22/04/2022
The commitment includes action to promptly implement global beneficial ownership rules and increase countries’ capabilities to recover criminal assets.
Climate Risk
IMF Creates New Loan-Based Resilience and Sustainability Trust
By Sanday Chongo Kabange | 21/04/2022
The IMF’s new loan-based trust seeks to help lower middle-income countries deal with external shocks like climate change and pandemics.
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