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Big Picture
Geopolitical Risk Cited as Top Risk to Financial Industry: DTCC
By Editors | 08/12/2022
The top three threats in DTCC’s latest Systemic Risk Barometer survey were geopolitical risks & trade tensions, inflation, and cyber risk.
ESG / Sustainability
IFC, CDP Offer Guidance on Environmental Disclosure Policies
By Editors | 08/12/2022
The policy recommendations are based on an examination of more than 100 disclosure practices across developed and developing economies.
Big Picture
BIS Calls Out Stability Risks From ‘Hidden’ FX Swap Debt
By Editors | 08/12/2022
The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains “stubbornly high”.
AML / KYC
International Operation Targeting Money Mules Yields 2,500 Arrests
By Editors | 07/12/2022
The operation involved law enforcement agencies in 25 countries including Singapore and Australia, supported by Europol, Eurojust, INTERPOL and the EBF.
Capital / Liquidity
ISDA Calls for Adjustments to IMA Default Risk Charge Under FRTB
By Editors | 06/12/2022
New paper provides analysis in support of the removal of the 3bp PD floor set by the BCBS under the internal models approach for FRTB.
ESG / Sustainability
GRI Consults on Biodiversity Disclosure Standard
By ESG Investor | 06/12/2022
The revised GRI Biodiversity Standard will be used to inform the CDP disclosure platform, and the TNFD disclosure framework for nature-related risks.
AML / KYC
Wolfsberg Group Endorses Use of AI/ML for Financial Crime Compliance
By Manesh Samtani | 05/12/2022
New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.
AML / KYC
Swimming in Dirty Money: It’s Time to Dive Below the Surface
By Tom Keatinge | 05/12/2022
The failure to address the illicit finance in illegal, unreported and unregulated fishing is a glaring omission, says RUSI’s Tom Keatinge.
AML / KYC
G7 Powers Set to Implement Oil Price Cap on Russian Crude
By Editors | 04/12/2022
EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.
Sanctions
EU Proposes to Use Russian Assets to Rebuild Ukraine
By Editors | 04/12/2022
Frozen Russian assets would be actively managed to generate a “stable and fair net return” to help fund reconstruction efforts in Ukraine.
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