International

Anti-Money Laundering

Wolfsberg Group Calls for Greater Use of PPPs for AML/CTF

By Manesh Samtani | 24/06/2022

PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.

Climate Risk

GFANZ Consults on Net-zero Transition Planning Framework

By Editors | 24/06/2022

GFANZ identifies four critical approaches for financial institutions to support real-economy GHG emissions reductions.

Reporting & Disclosures

IFRS Foundation, VRF Finalise Consolidation Arrangements

By Sanday Chongo Kabange | 24/06/2022

The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.

CBDCs

BIS Innovation Hub Outlines Lessons from CBDC Experiments

By Manesh Samtani | 23/06/2022

The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

CBDCs

BISIH London to Develop API Prototypes for Retail CBDC

By Editors | 22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

Market Data & Technology

FIX Attains ISO Standardisation for Two Standards

By Editors | 22/06/2022

Participants will benefit from higher quality standards documents, which will lead to improved interoperability between implementations.

Payments & Settlements

Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative

By Editors | 21/06/2022

Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.

Cryptocurrency

BIS Vision for Monetary System Doesn’t Include Crypto

By Manesh Samtani | 21/06/2022

BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.

Trading & Investment

Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

By Editors | 21/06/2022

HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.