International

Market Data & Technology

IHS Markit Starts Publishing New Credit-sensitive Rates

By Editors | 02/06/2021

The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.

PEPs & Sanctions

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.

Fraud, Scams & Cybercrime

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.

Payments & Settlements

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.

Anti-Money Laundering

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 Adequacy

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.

Reporting & Disclosures

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.

Sustainable Finance

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.

ESG Data

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.