International

Big Picture

ISLA Details Benefits of Tokenisation in Securities Financing Market

By Editors | 21/04/2023

The paper discusses how tokenisation of assets can open up multiple opportunities for the securities financing industry.

AML / KYC

European Parliament Gives Final Approval on MiCA Law

By Manesh Samtani | 21/04/2023

MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.

Capital / Liquidity

EU Proposes to Adjust Bank Crisis Management Framework

By Editors | 20/04/2023

The proposal will facilitate the use of deposit guarantee schemes and resolution funds to shield depositors from bearing losses in banking crises.

ESG / Sustainability

ISSB to Assess Priorities, Applicability of SASB Standards

By ESG Investor | 20/04/2023

Four potential projects have been identified – biodiversity, ecosystems and ecosystem services; human capital; human rights; and integration in reporting.

Sanctions

Lack of Vessel Ownership Data an Indicator of High Risk

By Manesh Samtani | 20/04/2023

69.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.

ESG / Sustainability

Verra Publishes New Draft Methodology for REDD Projects

By Editors | 20/04/2023

The updated draft comes after investigative journalists reported finding that most of Verra’s forest carbon offsets do not represent genuine carbon reductions.

Enforcement

Dubai: KPMG Ordered to Pay Investors Over Audit Violations

By Editors | 20/04/2023

The court said KPMG Lower Gulf committed “many violations” of international auditing standards and ordered the firm to pay investors $231mn.

Fintech / Regtech

Financial Sector Participating in Global Cyber Defence Exercise

By Editors | 20/04/2023

FS-ISAC member firms including Barclays, CME Group, Mastercard and Santander are participating in the so-called ‘Locked Shields’ exercise this year.

Crypto / Digital Assets

BIS, BOE Unveil Findings from Payments Synchronisation Project

By Manesh Samtani | 19/04/2023

Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.