International

Crypto / Digital Assets

IOSCO Issues Final Guidance on Mitigating Risks to Retail Investors

By Manesh Samtani | 31/03/2023

IOSCO offers a comprehensive toolkit of measures for regulators to consider when addressing crypto scams, greenwashing and other forms of retail misconduct.

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Capital / Liquidity

UBS Plans to Run Credit Suisse Staff Through “Culture Filter”

By Editors | 30/03/2023

UBS chairman Colm Kelleher said the “culture filter” is needed to root out parts of Credit Suisse that had a “bad culture”.

AML / KYC

New Roadmap Proposed to Boost Financial Inclusion in Trade

By Editors | 29/03/2023

The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.

Enforcement

Malaysian Court Jails Former Hong Leong Investment Banker

By Editors | 29/03/2023

The former investment banker convinced investors to invest over $390,000 in securities products that did not exist.

Capital / Liquidity

FSB Addresses Financial Stability Implications of Recent Bank Failures

By Editors | 29/03/2023

The FSB said its members have agreed to “review the lessons to be learned from the recent actions by authorities to resolve financial institutions”.

Market Infrastructure

CPMI Calls for Action to Boost PvP Adoption in FX Trades

By Editors | 29/03/2023

CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.

AML / KYC

26 Countries Commit to Transparent Beneficial Ownership

By Manesh Samtani | 29/03/2023

The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.

ESG / Sustainability

TNFD Looks to Balance Comparability and Flexibility

By ESG Investor | 28/03/2023

V.04 of the nature risks and disclosure framework takes a streamlined approach to metrics through introduction of leading indicators.