International

    AML / KYC

    Digital Identity: A Sound Model for Risk Mitigation

    By Manesh Samtani | 29/06/2021

    Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.

    Market Infrastructure

    FSB Launches Review of Corporate Debt Workouts

    By Editors | 29/06/2021

    Feedback is invited from financial institutions, corporates, insolvency practitioners and other stakeholders in relation to out of court debt workouts.

    AML / KYC

    New FATF Report Sounds Alarm Over Environmental Crime

    By Manesh Samtani | 29/06/2021

    The report highlights the use of trade-based fraud and shell companies by criminals to launder proceeds from environmental crime.

    Market Infrastructure

    SWIFT’s Enhanced Platform Endorsed by Six Global Banks

    By Editors | 29/06/2021

    Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.

    Market Infrastructure

    ISSB Climate Reporting Standard Could be Ready by July 2022

    By ESG Investor | 28/06/2021

    IOSCO publishes indicative timeline for development of global climate reporting standard, sets sights on ESG data and ratings providers.

    Big Picture

    Industry Cooperation is Key to Trade Finance Innovation

    By Henry Roxas | 27/06/2021

    R3’s Henry Roxas discusses the prevalence of paper-based methods in trade finance and the need for broader industry efforts to digitise practices.

    AML / KYC

    FATF Plenary Packs Powerful Punch

    By Manesh Samtani | 25/06/2021

    The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.

    Big Picture

    Citadel Securities Offers Best Practices to Address Exchange Outages

    By Manesh Samtani | 24/06/2021

    Common issues that have compounded the impact of recent outages continue to be largely overlooked by some exchanges.

    Market Infrastructure

    GFMA, BCG Publish Principles for Climate Finance Taxonomies

    By Editors | 23/06/2021

    The principles are based on a broader definition of climate finance which goes beyond debt instruments and captures equity financing and working capital.

    ESG / Sustainability

    CME Group to Launch Nature-Based Emissions Offset Futures

    By Editors | 22/06/2021

    The N-GEO futures contract will allow for delivery of eligible voluntary offset credits and will be listed by and subject to the rules of NYMEX.

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