International

Market Infrastructure

FSB Seek Global Harmonisation in Cyber Incident Reporting

By Editors | 20/10/2021

The FSB will promote convergence in cyber incident reporting by developing best practices, defining information to be shared, and creating common terminologies.

AML / KYC

Credit Suisse Settles Charges Over Mozambique ‘Secret Debt’

By Editors | 20/10/2021

Transactions that raised over $1bn were used to “perpetrate a hidden debt scheme”, pay kickbacks to investment bankers, and bribe government officials.

Market Infrastructure

BIS Outlines Principles for Designing Effective Taxonomies

By Sanday Chongo Kabange | 20/10/2021

The principles for sustainable finance taxonomies will facilitate comparability and interoperability across firms and markets, the BIS says.

ESG / Sustainability

Transition Guidance is “Fundamentally Important”, says FSA’s Ikeda

By ESG Investor | 19/10/2021

The FSA’s Satoshi Ikeda said the regulator is “eagerly pushing” for measures to enable more dynamic investing in low-carbon and zero-carbon technologies.

Big Picture

Crypto Asset Regulation “A Matter Of Urgency”, says BOE

By Mark Johnston | 18/10/2021

Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.

AML / KYC

OFAC Issues Sanctions Guidance for Crypto Sector

By Editors | 17/10/2021

OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.

Fintech / Regtech

ICMA Launches Initiative to Standardise Repo Documentation

By Editors | 17/10/2021

ICMA will work to develop an industry-wide taxonomy and clause library for repo trade documentation to improve efficiency in debt markets.

Capital / Liquidity

BCBS Reports Basel Adoption Progress Despite Covid Disruptions

By Sanday Chongo Kabange | 17/10/2021

All jurisdictions now have final rules in force for the CCyB, following implementation in China. Three more jurisdictions have adopted the final TLAC rules.

Fintech / Regtech

G7 Ministers Endorse Public Policy Principles for Retail CBDC

By Editors | 15/10/2021

Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.