International

    AML / KYC

    Addressing Sanctions Risk in Maritime Trade

    By Manesh Samtani | 02/06/2021

    Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

    AML / KYC

    Interpol Concludes APAC Operation Targeting Online Financial Crime

    By Manesh Samtani | 02/06/2021

    The six-month operation led to 585 arrests, more than 1,600 bank account freezes, and the interception of USD 83 million in illicit funds.

    Market Infrastructure

    FSB Proposes Global Targets for Enhancing Cross-border Payments

    By Editors | 01/06/2021

    The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

    AML / KYC

    Why Asia Needs to Know About a German Supply Chain Law

    By Elke Biechele. RisikoTek | 01/06/2021

    A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.

    Capital / Liquidity

    CCP12 Calls for Global Coordination on Basel III Timelines

    By Editors | 01/06/2021

    Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.

    ESG / Sustainability

    G7 to Agree Global Corporate Tax at July Meeting – Report

    By Editors | 31/05/2021

    A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

    Market Infrastructure

    Global Banks Form Steel Decarbonisation Working Group

    By Editors | 31/05/2021

    Six banks will define common standards of action for steel sector decarbonisation through a collective climate-aligned finance agreement.

    Big Picture

    NGFS Publishes Preliminary Findings on Climate-related Data Gaps

    By Editors | 26/05/2021

    The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

    Big Picture

    IIF, ISDA Release Study on Financial Sector Support During Pandemic

    By Manesh Samtani | 26/05/2021

    The report recognises the actions of central banks, financial authorities and regulatory agencies amid the pandemic, saying they were critical in stabilising markets.

    ESG / Sustainability

    IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

    By Editors | 25/05/2021

    New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.

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