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Payments & Settlements
EU Commission Proposes New Rules on Instant Payments
By Manesh Samtani | 30/10/2022
Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.
Reporting & Disclosures
Singapore to Host Platform to Unify Carbon Market Registry Data
By Editors | 29/10/2022
Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.
Anti-Money Laundering
Wolfsberg Group Updates Guidance on Correspondent Banking
By Editors | 28/10/2022
The updated Financial Crime Principles for Correspondent Banking includes guidance on what respondent banks may face when seeking a correspondent banking relationship.
Payments & Settlements
SWIFT Defers ISO 20022 Migration to March 2023
By Editors | 28/10/2022
The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.
Clearing & Post-Trade
Don’t Overlook the Value of LEI
By Joseph Capablanca | 28/10/2022
DTCC’s Joseph Capablanca discusses the importance of the LEI for improving transparency, cutting costs, and reducing operational risk in the global financial industry.
Reporting & Disclosures
Three in Five Lenders Not Reporting Emissions
By ESG Investor | 27/10/2022
Roughly 60% of lenders are yet to report any absolute financed emissions data, according to a report by Bloomberg Intelligence.
AI Risk & Governance
NLP for Regulatory Compliance: A Question of When, Not If
By Irene Liu | 27/10/2022
Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.
CBDCs
BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps
By Editors | 27/10/2022
The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.
Climate Risk
US$100 Trillion Needed to Reach Net Zero by 2050
By ESG Investor | 26/10/2022
BNY Mellon Investment Management and Fathom Consulting say an additional $100tr in green investment is needed to achieve net zero by 2050.
Climate Risk
“High Impact” Emitters Must Follow Science
By ESG Investor | 25/10/2022
Over 300 FIs and multinational firms have called on “high impact” companies to set science-based targets for reducing emissions.
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