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Cryptocurrency
ISDA Advances Work to Develop Standards for Crypto Derivatives
By Editors | 15/12/2021
Contractual standards for digital asset derivatives will provide a foundation for the market and help enhance transparency, liquidity and price discovery.
Payments & Settlements
CPMI Reviews Developments in Retail Fast Payment Systems
By Editors | 14/12/2021
The implementation of retail FPS across the globe has risen from under a dozen jurisdictions in 2010 to around 60 in 2021.
Anti-Money Laundering
IMF, WB Propose Framework for Assessing Remittance Corridor Risk
By Sanday Chongo Kabange | 14/12/2021
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
Payments & Settlements
SWIFT Message Translation to Facilitate ISO 20022 Migration
By Editors | 14/12/2021
New service translates ISO 20022 messages to MT for banks that are not ready to process ISO 20022, which goes live in November 2022.
Resolution & Recovery
FSB Takes Stock of Approaches to Operationalising Bail-in
By Editors | 14/12/2021
In a new paper, the FSB provides an overview of practices, operational processes and arrangements as part of the bail-in process.
Data Privacy
FSB Explores Impact of Data Regulation on Cross-border Payments
By Editors | 14/12/2021
The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.
Payments & Settlements
BIS Calls for Interoperability in Global Payment Systems
By Sanday Chongo Kabange | 14/12/2021
Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
Payments & Settlements
CPMI to Define Service Level Template for Cross-border Payments
By Editors | 13/12/2021
Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.
Anti-Money Laundering
FATF Calls for Global Action on Environmental Crime
By Editors | 13/12/2021
For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.
Anti-Money Laundering
US Treasury Targets Human Trafficking in Updated Action Plan
By Mark Johnston | 12/12/2021
Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.
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