International

Model Risk

WFE Highlights Challenges of Measuring CCP Margin Procyclicality

By Editors | 20/05/2023

The significant uncertainty in measurements means procyclicality mitigation tools can be miscalibrated, inefficient, or detrimental.

PEPs & Sanctions

Price Cap Policy for Russian Oil is Working: US Treasury Report

By Editors | 20/05/2023

Oil revenues now account for 23 percent of the total Russian budget, compared to 30-35 percent before the war in Ukraine.

Anti-Money Laundering

FATF President Calls on G7 to Act on Crypto Assets

By Editors | 19/05/2023

T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.

Clearing & Post-Trade

34 FIs Have Joined Swift Service for Addressing Settlement Fails

By Editors | 19/05/2023

The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.

PEPs & Sanctions

Top EU Official Concerned by Russian Oil Flowing into Europe

By Editors | 18/05/2023

India is buying heavily discounted crude oil from Russia and selling full-priced refined products into Europe. Josep Borrell said the EU must act.

Tokenisation

GFMA Report Details How DLT Will Benefit Capital Markets

By Editors | 18/05/2023

The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

DeFi & Web3

BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

By Manesh Samtani | 18/05/2023

The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.

ESG Data

ICMA, LuxSE Launch New Sustainable Bond Database

By Editors | 17/05/2023

Data is available on more than 8,700 listed green, social, sustainability and sustainability-linked bonds aligned with ICMA’s Principles.

Structural Regulation

EU Considers Lowering Wealth Threshold for Professional Investors

By Mark Johnston | 17/05/2023

A draft document reveals a European Commission plan to revise MiFID II rules to lower the criteria for being classified as a professional investor.