International

PEPs & Sanctions

Russia Bars Asset Sales by Investors from Unfriendly Nations

By Editors | 09/08/2022

A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.

Payments & Settlements

FSB Gives Full Support to Wide LEI Use in Global Payments

By Clare Rowley | 09/08/2022

The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

Anti-Money Laundering

US Secures Extradition of Former Crypto Exchange Operator

By Editors | 09/08/2022

Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.

Clearing & Post-Trade

CPMI-IOSCO Explores How CCPs Address Non-default Losses

By Editors | 08/08/2022

New paper aims to help advance industry efforts and dialogue on the concepts and processes used by CCPs to address losses from non-default events, such as cyber attacks.

Cryptocurrency

BlackRock, Coinbase Partner on Crypto Trading Services

By Editors | 08/08/2022

Connectivity will be established between BlackRock’s investment management platform Aladdin and Coinbase’s integrated trading platform Coinbase Prime.

Credit Risk

BCBS Warns of Risky Real Estate and Leveraged Loans

By Editors | 08/08/2022

The pandemic and recent inflation have heightened credit risk concerns. Supervisors have observed higher-risk and deficient lending practices.

Cryptocurrency

US Court Allows Voyager Digital to Return Cash to Customers

By Editors | 07/08/2022

Regulators have separately ordered the crypto brokerage to “immediately remove” false statements it made that suggested it was FDIC-insured.

Cryptocurrency

CME to Launch Euro-denominated Crypto Futures

By Editors | 05/08/2022

The new EUR-denominated contracts will provide more precise tools to trade and hedge exposure to Bitcoin and Ether, said CME’s Tim McCourt.

Emerging Prudential Risks

Activity-based & Entity-based Regulation Reinforce Each Other’s Effectiveness

By Editors | 05/08/2022

A new paper from the Financial Stability Institute says neither entity-based nor activity-based regulation is in and of itself the optimal choice.