International

CBDCs

BIS Innovation Hub, HKMA Publish Project Aurum Findings

By Editors | 24/10/2022

A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

Reporting & Disclosures

ISSB Confirms Scope 3 Disclosures Will be Mandatory

By Editors | 23/10/2022

The ISSB will develop relief provisions to help companies meet the Scope 3 reporting requirements, which could include safe harbour provisions.

Anti-Money Laundering

FATF Blacklists Myanmar, Sidelines Russia, De-lists Pakistan

By Manesh Samtani | 23/10/2022

Myanmar is on the FATF “blacklist” alongside Iran and North Korea. Pakistan was removed from the “grey list”.

PEPs & Sanctions

US Sanctions, Files Criminal Charges Against Russians

By Editors | 21/10/2022

The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.

Clearing & Post-Trade

Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX

By Editors | 21/10/2022

With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.

Emerging Prudential Risks

FSB Proposes Measures to Address Risks in Govt Bond Markets

By Editors | 21/10/2022

The FSB outlines policies to help address factors that caused non-bank investors to sell government bonds during the March 2020 market turmoil.

Structural Regulation

IOSCO, IVSC to Work on Improving Global Valuation Practices

By Editors | 21/10/2022

IOSCO and IVSC will study international valuation approaches and ways to improve the quality of financial information available to investors.

Structural Regulation

IOSCO Appoints New Chair, Two Vice Chairs to Board

By Editors | 20/10/2022

IOSCO’s new chair is Jean-Paul Servais, chairman of Belgium’s FSMA. The two new vice chairs are the FSA’s Ariizumi Shigeru and the CFTC’s Rostin Behnam.

Fraud, Scams & Cybercrime

INTERPOL Launches First Global Police Metaverse

By Editors | 20/10/2022

INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.