International

Big Picture

IMF Proposes Global Marketplace for Trading Between CBDCs

By Mark Johnston | 14/03/2023

A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.

Crypto / Digital Assets

CFTC Unveils Newly Constituted Tech Advisory Committee

By Editors | 14/03/2023

Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.

ISLA Releases New Templates for GMSLA Documentation

By Editors | 14/03/2023

ISLA and Linklaters collaborated to develop new GMSLA templates, covering default events, termination notices, and amendment agreements.

Capital / Liquidity

HSBC Acquires Silicon Valley Bank’s UK Unit for £1

By Editors | 14/03/2023

HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.

Market Infrastructure

Cuban Banks Have Adopted Russia’s Mir Card Scheme

By Editors | 14/03/2023

ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.

ESG / Sustainability

Record Number of FIs Seeking Environmental Disclosures Via CDP

By Editors | 14/03/2023

CDP’s annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.

ESG / Sustainability

Fitch Rating Analyses ESG Fund Regulation Globally

By ESG Investor | 13/03/2023

New Fitch report compares fund-level ESG regulatory developments across North America, Europe and Asia.

ESG / Sustainability

EU Financial Regulators Testing Climate Transition Resilience

By ESG Investor | 13/03/2023

The European Commission has asked the ESAs to conduct an analysis of the financial system’s resilience as EU member states decarbonise their economies.

AML / KYC

FATF Finalises Revisions to Recommendation 24 Guidance

By Editors | 13/03/2023

The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.