International

Capital / Liquidity

South Korea to Participate in Global Bank Stress Test

By Editors | 27/04/2023

South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

ESG / Sustainability

IAASB Speeds up Consultation on Sustainability Assurance Standard

By ESG Investor | 25/04/2023

The consultation was originally scheduled to commence in October, but will now open in late July or early August this year.

Market Infrastructure

ARRC Allows Expanded Use of Term SOFR for Hedging

By Editors | 25/04/2023

Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.

AML / KYC

Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

By Manesh Samtani | 25/04/2023

A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

Crypto / Digital Assets

FIX Protocol Adopts Digital Token Identifier ISO Standard

By Editors | 24/04/2023

Adding the DTI to FIX will allow the industry to incorporate the trading and settlement of digital assets into their current trading and settlement operations.

Crypto / Digital Assets

VC Firm Tribe Capital Eyes $250m Fund Raise to Restart FTX

By Mark Johnston | 24/04/2023

FTX’s creditors are in talks with Tribe Capital, a venture capital firm that is interested in leading a $250mn fund raise to restart the exchange.

Securities / Derivatives

China to Open More Derivatives to QFIs in Q3: Sources

By Editors | 24/04/2023

Chinese regulators are said to also be considering a proposal to link a CME Group derivatives product with its China-listed counterpart.

ESG / Sustainability

Hong Kong the Top Market for ESG Investment Training

By Manesh Samtani | 24/04/2023

Paul Moody explains why CFA Institute has seen more growth around its ESG certificate in Hong Kong than in any other market globally.

ESG / Sustainability

FSB Identifies Growing Use of Climate Metrics in Compensation

By Editors | 24/04/2023

The inclusion of climate-related metrics in compensation frameworks is at an “early, evolutionary stage” and is focused on executive and senior management.