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Anti-Money Laundering
ECA Warns of Weaknesses in EU’s AML/CFT Regime
By Ranamita Chakraborty | 02/07/2021
AML/CFT efforts are hindered by institutional fragmentation and poor co-ordination at EU level, among other weaknesses.
Reporting & Disclosures
IOSCO Proposes Sustainability-related Rules for Fund Managers
By Editors | 01/07/2021
Recommendations for securities regulators cover asset manager practices, product disclosure, supervision and enforcement, terminology, and investor education.
Structural Regulation
130 Nations Endorse Global Minimum Corporate Tax Rate
By Editors | 01/07/2021
The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.
Reporting & Disclosures
Consortium Proposes to Create Impact Reporting Rules for Banks
By Editors | 01/07/2021
Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS aim to create new social and environmental impact reporting rules for banks.
Custody & Infrastructure
New Registry for Digital Token Identifiers Goes Live
By Editors | 01/07/2021
The launch of the new registry comes ahead of the scheduled publishing of the ISO standard in Q3 2021, to meet urgent industry and regulatory needs.
Capital Adequacy
BCBS Finalises Technical Amendments on SFT Haircuts
By Editors | 01/07/2021
The amendments were published for consultation in January 2021 and have been finalised as originally proposed.
Emerging Prudential Risks
We Are Not Out of the Woods Yet: Agustín Carstens
By Manesh Samtani | 01/07/2021
While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.
Anti-Money Laundering
Binance Deploys New AML Solution Amid Regulatory Pressure
By Ranamita Chakraborty | 01/07/2021
Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.
Emerging Prudential Risks
FSB Offers Policy Options to Enhance MMF Resilience
By Manesh Samtani | 01/07/2021
Requirements for MMFs could include capital buffers, higher liquidity requirements, or the removal of the stable NAV, among other options.
Anti-Money Laundering
FATF Issues Report on Racially Motivated Terrorism Financing
By Manesh Samtani | 01/07/2021
Most of the funding obtained by extreme right-wing groups comes from legal sources, such as donations, membership fees, and commercial activities.
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