International

Market Infrastructure

Refinitiv Launches USD IBOR Institutional Cash Fallbacks

By Editors | 01/12/2021

Fallbacks for institutional cash products are now production benchmarks. Prototype fallbacks for consumer cash products will be launched on 3 January 2022.

AML / KYC

EU Due Diligence Initiative Back in Focus After Delays

By ESG Investor | 01/12/2021

Much-postponed proposal now expected in December, following the unveiling of EU deforestation supply chain due diligence measures.

AML / KYC

Environmental Crime, A Global Security Issue

By Manesh Samtani | 01/12/2021

Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.

AML / KYC

Police Arrest 1,000 in Interpol Operation Targeting Online Fraud

By Ranamita Chakraborty | 01/12/2021

The operation was used to test a new worldwide stop-payment mechanism which Interpol plans to fully embed in police communication channels next year.

Crypto / Digital Assets

EU Closer to Adopting Crypto Assets & Digital Resilience Laws

By Sanday Chongo Kabange | 01/12/2021

Once a political agreement is reached between the European Council and the European Parliament, the draft rules can become law.

Market Infrastructure

CPMI, IOSCO Consider Client Clearing Access Models

By Editors | 29/11/2021

Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.

Market Infrastructure

European Commission Proposes to Strengthen Supervisory Bodies

By Editors | 29/11/2021

In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.

Market Infrastructure

EU Lawmakers Agree to Defer Mandatory Buy-in Rules

By Manesh Samtani | 29/11/2021

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

ESG / Sustainability

Japan FSA Calls for Sharper Focus on ‘Transition’ Concept

By Mark Johnston | 29/11/2021

The FSA’s Satoshi Ikeda says corporate disclosures need to capture genuine progressive efforts towards achieving carbon net zero, not just point-in-time snapshots.