International

Market Infrastructure

FMSB Offers Guidance on Transitioning LIBOR Back Book

By Manesh Samtani | 20/04/2021

The Spotlight Review examines back book transition complexities through practical case studies and sets out key considerations for managing the associated risks.

AML / KYC

European Commission Publishes Strategy to Combat Human Trafficking

By Sanday Chongo Kabange | 20/04/2021

The 5-year strategy includes the use of financial investigations and the development of a framework to identify, seize and confiscate criminal assets.

Market Infrastructure

BCBS to Discuss Archegos Collapse, Total Return Swaps

By Sanday Chongo Kabange | 20/04/2021

The BCBS will intensify scrutiny of structured financial products and total return swaps, according to Secretary General Carolyn Rogers.

Securities / Derivatives

ISDA to Consolidate Interest Rate Derivatives Definitional Book

By Editors | 20/04/2021

The new 2021 ISDA Interest Rate Derivatives Definitions will be published on 17 May, with target implementation scheduled for October.

Market Infrastructure

Industry Bodies Urge EU, UK to Link Emissions Trading Systems

By Sanday Chongo Kabange | 19/04/2021

Linking the systems ahead of COP 26 would reaffirm the UK and EU as climate leaders and demonstrate strong advocacy for international carbon markets.

Capital / Liquidity

BCBS Outlines Work Priorities for 2021-2022

By Editors | 19/04/2021

Priorities include ongoing Covid-19, digitalisation, climate risk, AI/machine learning, data and technology governance and operational resilience.

AML / KYC

US Sanctions Russia Over Election Interference, Cyber Attack

By Manesh Samtani | 16/04/2021

US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.

ESG / Sustainability

Basel Committee Calls for Adaption to Climate Risks

By ESG Investor | 14/04/2021

Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

AML / KYC

Digital ID Perceived As Beneficial in Combatting Financial Crime

By Manesh Samtani | 14/04/2021

Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.