International

Conduct, Culture & Accountability

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”.

Structural Regulation

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.

Fraud, Scams & Cybercrime

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.

Resolution & Recovery

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”.

Payments & Settlements

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.

Anti-Money Laundering

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.

Nature & Biodiversity

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.

Reporting & Disclosures

Assurance Standards for Sustainability Reporting On Their Way

By Editors | 28/03/2023

IOSCO calls on issuers, assurance providers and other stakeholders to engage in the development of assurance and ethics standards for sustainability reporting.

Trading & Investment

Get Ready for Final LIBOR Switch, says ISDA Chief

By Editors | 28/03/2023

The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail “an extra level of complexity”, says Scott O’Malia.