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Market Infrastructure
“Swift Action” Needed to Implement Carbon Pricing: GFMA
By ESG Investor | 06/12/2020
An estimated $100 to $150 trillion of climate-related investment will be required over the next three decades to transition to a low carbon economy, says a report from GFMA and BCG.
Fintech / Regtech
Libra Association to Launch Scaled-down Digital Currency in January
By Editors | 03/12/2020
The launch date depends on regulatory approval from FINMA, expected as early as January. A new name has been adopted for the association and the digital currency.
Crypto / Digital Assets
BIS Innovation Hub Completes Wholesale CBDC Experiment
By Editors | 03/12/2020
BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.
Big Picture
Pandemic Cited as Top Financial Stability Risk for 2021: DTCC
By Editors | 03/12/2020
The Covid-19 pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by DTCC.
Market Infrastructure
Lloyds UK Launches First Live Link of ‘SWIFT gpi Instant’
By Editors | 03/12/2020
Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency.
AML / KYC
The Increasing Reliance on Data for Sanctioned Securities Screening
By Manesh Samtani | 02/12/2020
The onus often falls on FIs to uncover any links between sanctioned entities and potentially related securities, which can involve a significant data challenge.
AML / KYC
FATF Consults on AML/CTF Frictions in Cross-border Payments
By Editors | 01/12/2020
The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.
Market Infrastructure
Some USD LIBOR Settings May Continue Past End-2021
By Manesh Samtani | 01/12/2020
ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.
Capital / Liquidity
BCBS Oversight Body Closes Off Basel III Policy Agenda
By Editors | 30/11/2020
A coordinated approach to mitigating Covid-19 risks will be adopted. Capital and liquidity buffer drawdowns are encouraged. Future adjustments to Basel III will be limited.
Securities / Derivatives
IASB Consults on Accounting Standard for Intra-group M&A
By Editors | 30/11/2020
IFRS 3 Business Combinations does not specify how to report transactions involving transfers of businesses between companies within the same group, leading to diversity in practice.
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