International

Crypto / Digital Assets

‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities

By Editors | 06/04/2023

Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.

Crypto / Digital Assets

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

By Editors | 05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Market Infrastructure

Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’

By Editors | 05/04/2023

Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.

ESG / Sustainability

ISSB to Prioritise Climate in Phased Implementation of New Standards

By Editors | 05/04/2023

Only in the second year of using the ISSB Standards will companies need to provide full reporting on sustainability-related risks and opportunities beyond climate.

Fintech / Regtech

Adopting Artificial Intelligence in Finance

By Larry Cao | 04/04/2023

CFA Institute’s Larry Cao discusses the opportunities and challenges of adopting AI tech in the investment industry.

ESG / Sustainability

ICVCM Publishes Standards for Carbon Credit Certifiers

By Editors | 04/04/2023

The first batch of carbon offsets carrying ICVCM’s stamp of approval is expected to be available by year-end.

Market Infrastructure

UK FCA Announces Decision on Synthetic USD LIBOR Rates

By Editors | 04/04/2023

1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.

Securities / Derivatives

CME Group Launches Offshore Yuan Options Contracts

By Editors | 04/04/2023

Traders no longer view the yuan as an emerging-market currency like it was ten years ago, said Chris Povey.

ESG / Sustainability

Munich Re Exits Net-Zero Insurance Alliance

By ESG Investor | 04/04/2023

CEO Joachim Wenning said the pursuit of decarbonisation goals in a collective approach among insurers presents antitrust risks.