International

Climate Risk

FSB Urges Greater Coordination on Climate-related Risks

By Manesh Samtani | 07/07/2021

The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.

Trading & Investment

FSB Calls on Supervisors to Align LIBOR Messaging

By Manesh Samtani | 07/07/2021

Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.

Anti-Money Laundering

FATF Urges Faster Implementation of Travel Rule in Crypto Sector

By Editors | 06/07/2021

Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.

Anti-Money Laundering

FATF Examines Collaborative Analytics and the Need for Privacy

By Manesh Samtani | 06/07/2021

An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.

Clearing & Post-Trade

Industry Bodies Partner to Adapt CDM for Repo, Bonds

By Sanday Chongo Kabange | 06/07/2021

Implementation of the Common Domain Model for repo and bonds is expected to deliver industry wide efficiency gains, ICMA says.

Structural Regulation

EU Regulators Urge Participants to Stop Using LIBOR

By Sanday Chongo Kabange | 05/07/2021

Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

Anti-Money Laundering

FATF Examines Technology Use in AML/CTF Efforts

By Manesh Samtani | 05/07/2021

While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.

Structural Regulation

Corporate Governance Policy Frameworks Need Strengthening: OECD

By Ranamita Chakraborty | 04/07/2021

The OECD says significantly fewer companies are using public equity markets, but that strengthening corporate governance policies and frameworks can help.

Anti-Money Laundering

Risk Assessments Should Focus on National Priorities: Wolfsberg Group

By Manesh Samtani | 04/07/2021

Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.