International

    Liquidity Risk

    IMF Calls for Action to Boost Investment Fund Resilience

    By Editors | 22/09/2021

    Measures proposed in a new IMF staff paper include enhanced liquidity management tools, redemption frequency limits, and the use of swing pricing to disincentivise early exits.

    Sustainable Finance

    Valuations of ESG Assets May be Stretched, BIS Warns

    By Manesh Samtani | 21/09/2021

    The BIS compares the ESG boom to railroad stocks in the mid-1800s, internet stocks during the dotcom bubble, and MBS during the GFC.

    PEPs & Sanctions

    US Sanctions Crypto Firm Over Ransomware Payments

    By Editors | 21/09/2021

    OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.

    Anti-Money Laundering

    Basel AML Index Calls Out Ineffectiveness Across Jurisdictions

    By Manesh Samtani | 21/09/2021

    Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.

    Structural Regulation

    Canada Implements Financial Benchmarks Regulatory Regime

    By Editors | 21/09/2021

    CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.

    Cybersecurity

    BCBS Calls on Banking Sector to Enhance Cyber Defences

    By Editors | 21/09/2021

    Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.

    Anti-Bribery & Corruption

    Corruption, Bribery Seen as Key Challenges in 2020: Kroll

    By Ranamita Chakraborty | 20/09/2021

    A Kroll survey found that 82% of senior decision-makers for risk strategy felt corruption significantly impacted their organisations in 2020.

    CBDCs

    CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s

    By Ranamita Chakraborty | 20/09/2021

    Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.

    Trading & Investment

    OSE, TOCOM Launch New Derivatives Trading System

    By Editors | 20/09/2021

    J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

    Trading & Investment

    Montréal Exchange Extends Trading Hours to Accommodate APAC

    By Editors | 20/09/2021

    The Canadian derivatives exchange said it is syncing its trading hours with APAC markets to support growing investor demand.

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