International

PEPs & Sanctions

DPRK ‘Launders’ Vessel Identities to Evade Sanctions: C4ADS

By Editors | 15/09/2021

C4ADS says fraudulent ship registrations created with the IMO are being used to ‘launder’ the identity of vessels associated with illicit activities.

Cryptocurrency

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

Payments & Settlements

CLS, Global Banks Collaboration on PvP Settlement in FX Market

By Editors | 14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

Operational Risk

Exchanges Can Help Minimise Broker-Dealer Operational Risk

By Manesh Samtani | 13/09/2021

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.

CBDCs

Global Central Banks Urged to Accelerate CBDC Efforts

By Manesh Samtani | 11/09/2021

Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

Sustainable Finance

ISDA Publishes New Papers Examining ESG Market

By Editors | 10/09/2021

The papers focus on KPIs for sustainability-linked derivatives and the accounting treatment for ESG transactions.

Emerging Prudential Risks

IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk

By Manesh Samtani | 09/09/2021

IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.

Cryptocurrency

Why Clarity Around Digital Asset Regulations is Vital for Innovation

By Rahul Advani | 09/09/2021

Ripple’s Rahul Advani explains the importance of regulatory clarity in the digital asset space, and what an appropriate regulatory framework entails.

AI Risk & Governance

IOSCO Publishes Final Guidance on Supervising AI/Machine Learning

By Editors | 08/09/2021

IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.