INTERNATIONAL

AML / KYC

US Sanctions Russia Over Election Interference, Cyber Attack

By Manesh Samtani | 16/04/2021

US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.

ESG / Sustainability

Basel Committee Calls for Adaption to Climate Risks

By ESG Investor | 14/04/2021

Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

AML / KYC

Digital ID Perceived As Beneficial in Combatting Financial Crime

By Manesh Samtani | 14/04/2021

Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.

Big Picture

The ESG Interview: Making Climate Data Comparable

By ESG Investor | 14/04/2021

IOSCO Chair Ashley Alder believes we’re in sight of “a real step change” in sustainability reporting, writes Chris Hall at ESG Investor.

Securities / Derivatives

FSB Issues Guidance on Implementing SFT Data Standards

By Editors | 13/04/2021

The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

Capital / Liquidity

Banks Have Insufficient Incentives to Use Buffers: IMF

By Manesh Samtani | 12/04/2021

Most banks have insufficient economic incentives to draw down their buffers if they are asked to rebuild them later, says the IMF’s Global Financial Stability Report.

Crypto / Digital Assets

G20 to Use All Available Policy Tools for As Long As Required

By Manesh Samtani | 11/04/2021

G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.

Market Infrastructure

Bloomberg Confirms BSBY Adheres to IOSCO Principles

By Editors | 11/04/2021

BSBY includes a term structure and systemic credit-sensitive spread, and can be used to supplement Term SOFR in the lending market.

AML / KYC

FATF President Calls for Rethink of Regulatory Culture

By Manesh Samtani | 09/04/2021

Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.