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Big Picture
80pc of Central Banks Use Big Data to Support Policy Efforts
By Editors | 21/02/2021
Many central banks have undertaken initiatives to develop big data platforms to facilitate storage and processing of large data sets, but progress has varied.
AML / KYC
HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020
By Editors | 21/02/2021
More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.
AML / KYC
ISO Standard Defining ISIN Updated to Expand Scope
By Editors | 21/02/2021
The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.
ESG / Sustainability
Trade Bodies Set Out Framework for US Transition to Low-Carbon
By Editors | 18/02/2021
The framework sets out ten principles to inform the policymaking process and catalyse the transition to a more sustainable and inclusive low-carbon economy.
Market Infrastructure
IFRS Foundation Calls for Research Into IFRS 9, IFRS 15 Disclosures
By Editors | 16/02/2021
The aim of the research is to provide evidence about the quality of disclosure provided by entities applying IFRS 9 and IFRS 15.
AML / KYC
Hong Kong: GDF Warns Against Restricting Retail Investment in Crypto
By Manesh Samtani | 16/02/2021
The November FSTB proposal to only allow VASPs to offer services to professional investors could prompt retail investors to move to unlicensed platforms, GDF says.
Market Infrastructure
Trade Associations Issue Update to Green Loan Principles
By Editors | 15/02/2021
The update includes social risks in the categories to be considered as part of project evaluation and selection. Previously only environmental risks were included.
Big Picture
IOSCO Reviews Impact of Govt Support on Credit Ratings
By Editors | 15/02/2021
Government support measures played a “significant role” in alleviating the downward pressure on credit ratings, IOSCO found in its review.
AML / KYC
GLEIF to Implement New Policies, File Formats in Global LEI System
By Editors | 15/02/2021
Users must plan to implement the updated file formats to ensure uninterrupted access to LEI data beyond 31 March 2022, GLEIF said.
ESG / Sustainability
IIF Offers Recommendations on Aligning Climate Finance Regulation
By Editors | 13/02/2021
The recommendations are aimed at promoting consensus and international alignment in sustainable finance policy and regulation.
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