International

AML / KYC

Corruption, Bribery Seen as Key Challenges in 2020: Kroll

By Ranamita Chakraborty | 20/09/2021

A Kroll survey found that 82% of senior decision-makers for risk strategy felt corruption significantly impacted their organisations in 2020.

Big Picture

CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s

By Ranamita Chakraborty | 20/09/2021

Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.

Market Infrastructure

OSE, TOCOM Launch New Derivatives Trading System

By Editors | 20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

Securities / Derivatives

Montréal Exchange Extends Trading Hours to Accommodate APAC

By Editors | 20/09/2021

The Canadian derivatives exchange said it is syncing its trading hours with APAC markets to support growing investor demand.

Market Infrastructure

RFR Adoption Reaches New Heights in Key LIBOR Markets

By Manesh Samtani | 18/09/2021

RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O’Malia says there is no room for complacency.

AML / KYC

DPRK ‘Launders’ Vessel Identities to Evade Sanctions: C4ADS

By Editors | 15/09/2021

C4ADS says fraudulent ship registrations created with the IMO are being used to ‘launder’ the identity of vessels associated with illicit activities.

Capital / Liquidity

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

Market Infrastructure

CLS, Global Banks Collaboration on PvP Settlement in FX Market

By Editors | 14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

Big Picture

Exchanges Can Help Minimise Broker-Dealer Operational Risk

By Manesh Samtani | 13/09/2021

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.