International

Stablecoins

IMF Calls for Global Coordination on Stablecoin Regulation

By Sanday Chongo Kabange | 01/10/2022

In markets where risks are growing quickly, authorities should take immediate action, including by introducing targeted measures to “slow down stablecoin adoption”.

PEPs & Sanctions

US Sanctions Asia Firms for Facilitating Iranian Oil Sales

By Editors | 01/10/2022

The US designated companies based in China, the UAE, Hong Kong and India. Separately, Canada plans to sanction Iran’s “morality police”.

Sustainable Finance

Fitch Flags Growing Pains for Sustainability-linked Bonds

By ESG Investor | 01/10/2022

Remedies needed to address misaligned incentives and lack of comparability in booming market, says ratings agency.

Sustainable Finance

NZAOA Issues Call to Action on Blended Finance

By ESG Investor | 30/09/2022

The UN-convened Net Zero Asset Owners Alliance has called on policymakers to facilitate the scaling of blended finance structures to fund climate solutions.

Market Risk

Standard Setters Publish Review of Global Margining Practices

By Editors | 30/09/2022

Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.

Anti-Bribery & Corruption

US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

By Editors | 30/09/2022

Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

CBDCs

BIS Innovation Hub Nordic Centre Launches Retail CBDC Project

By Editors | 30/09/2022

The central banks of Israel, Norway and Sweden will develop a “hub” to which they will connect their domestic proof-of-concept CBDC systems.

PEPs & Sanctions

G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums

By Manesh Samtani | 30/09/2022

The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.

Structural Regulation

HKMA Unveils Details of Financial Forum to be Held in November

By Manesh Samtani | 29/09/2022

Financial Secretary Paul Chan said this week that “bold reforms” are in the pipeline to attract talent and enterprises to the city.