International

Market Infrastructure

Refinitiv Launches Prototype USD Fallback Rates for Cash Products

By Editors | 13/08/2021

There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.

Big Picture

IPCC Reaction: Political Leadership Needed to Drive Transition

By ESG Investor | 12/08/2021

“Concrete and actionable carbon-reduction strategies” required from governments to drive capital reallocations, say investors, while reinforcing commitment to science-based targets.

AML / KYC

BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches

By Editors | 12/08/2021

BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.

Market Infrastructure

DSB Signs MoU on UPI Governance Arrangements

By Editors | 12/08/2021

The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.

AML / KYC

DeFi Accounts for Majority of Crypto Hacks, Frauds in 2021

By Sanday Chongo Kabange | 11/08/2021

In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.

AML / KYC

North Korea Continues to Evade Sanctions – Report

By Editors | 10/08/2021

A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.

AML / KYC

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

Market Infrastructure

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

By Editors | 08/08/2021

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.

Market Infrastructure

Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS

By Ranamita Chakraborty | 06/08/2021

A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.