International

Capital / Liquidity

International Standard Setters Launch Review into Margin Practices

By Editors | 26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

ESG / Sustainability

BIS Innovation Hub Announces Winners of 2nd G20 TechSprint

By Editors | 25/10/2021

The BIS Innovation Hub Hong Kong centre will soon publish reports on work to explore green bond tokenisation and real-time tracking of environmental outputs.

Big Picture

US, EU Policy Normalisation Presents Risks for Asia: BIS

By Editors | 25/10/2021

While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.

Big Picture

Asian Asset Owners to Accelerate ESG Ambitions

By ESG Investor | 24/10/2021

ESG investing is still nascent, but asset owners are expecting greater pressure to disclose and improve ESG practices.

AML / KYC

FATF Concludes Plenary, Finalises Work in Key Areas

By Manesh Samtani | 23/10/2021

The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.

AML / KYC

Inconsistent AML Approaches Cause Cross-border Payment Frictions

By Editors | 23/10/2021

The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.

AML / KYC

US Signals More Balanced Approach to Sanctions Policy

By Manesh Samtani | 23/10/2021

The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.

Capital / Liquidity

Too Soon to Base Capital Requirements on Climate Scenarios

By ESG Investor | 21/10/2021

NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.

AML / KYC

FATF Addresses Pandora Papers With New BO Requirements

By Manesh Samtani | 21/10/2021

The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.