International

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    Cybersecurity

    Lloyd’s Simulates $3.5tr Cyber Attack on Financial System

    By Mark Johnston | 19/10/2023

    Lloyd’s published a scenario that simulates a cyber attack that would cause $3.5tr in global economic losses over five years.

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    PEPs & Sanctions

    US & Allies Reimpose Iran Sanctions Following UNSCR Expiry

    By Manesh Samtani | 19/10/2023

    A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.

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    Payments & Settlements

    CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements

    By Editors | 18/10/2023

    The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.

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    Reporting & Disclosures

    ESG Reporting’s Evolution and Convergence

    By Ranamita Chakraborty | 18/10/2023

    ERM’s Matt Klein and Andrew Radcliff discuss the convergence of sustainability regulations and the equally important social component of ESG.

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    Payments & Settlements

    CPMI Publishes Harmonised Data Requirements for ISO 20022

    By Mark Johnston | 18/10/2023

    The BOE, ECB and RBA have committed to aligning with the new requirements and call on other market infrastructures and payment service providers to do the same.

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    Market Data & Technology

    DSB Launches UPI Service, a Milestone for Derivatives Markets

    By Manesh Samtani | 18/10/2023

    The US, EU, UK, Australia and Singapore will all start requiring UPI reporting for OTC derivatives transactions in 2024.

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    Cryptocurrency

    BCBS Consults on Bank Disclosure Requirements for Crypto Exposures

    By Editors | 17/10/2023

    Major banks would have to disclose information on their crypto activities, crypto exposures, and related accounting classifications and capital and liquidity requirements.

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    Data Privacy

    LEI Now Being Used in Digital Email Certificates

    By Editors | 17/10/2023

    GLEIF and Shanghai-based TrustAsia collaborated to issue the first S/MIME Certificate with an embedded LEI.

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    Payments & Settlements

    Mitigating Settlement Risk in a Fragmented World

    By Marc Bayle de Jessé | 17/10/2023

    Marc Bayle de Jessé discusses work underway to address settlement risks in FX transactions and what more needs to be done.

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    Emerging Prudential Risks

    IMF Warns of Global Banking Vulnerabilities from High Inflation

    By Mark Johnston | 17/10/2023

    The IMF calls for better stress testing practices, higher international standards, and lending facilities to enhance bank resilience.

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