International

KYC & CDD

Wolfsberg Group Endorses ISO 20022 Screening Guidelines

By Sanday Chongo Kabange | 11/11/2021

Wolfsberg Group says the adoption of ISO 20022 enables improved adherence to the group’s own ‘Payments Transparency Principles’.

Emerging Prudential Risks

BCBS Offers Progress Update on Climate, Cryptoasset Work

By Editors | 09/11/2021

The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.

Fraud, Scams & Cybercrime

US Treasury Announces New Ransomware-related Sanctions

By Manesh Samtani | 09/11/2021

The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.

Trading & Investment

IBA Publishes Production Version of SOFR ICE Swap Rate

By Editors | 09/11/2021

The US dollar SOFR ICE Swap Rate will help the USD non-linear derivatives market in its ongoing transition to SOFR, said IBA president Tim Bowler.

Reporting & Disclosures

Securities Lending Associations Publish Best Practice Voting Guide

By Ranamita Chakraborty | 09/11/2021

The new guide is the first publication of a new working group formed by five securities lending associations, including ISLA and PASLA.

Clearing & Post-Trade

FIA Calls for Greater Standardisation in Futures, Options Markets

By Editors | 08/11/2021

FIA recommends forming an independent standards body to start developing standards for trading and clearing of exchange-traded derivatives.

Climate Risk

BIS Launches Climate Training Portal for Central Banks

By Editors | 08/11/2021

The training will initially cover climate-related risk drivers, transmission channels, measurement methodologies, bank stress testing, insurance sector supervision, and TCFD disclosures.

CBDCs

Multi CBDC Bridge Project Moves to Test New Use Cases

By Sanday Chongo Kabange | 07/11/2021

The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

Sustainable Finance

China, EU Publish Common Sustainable Finance Taxonomy

By Manesh Samtani | 05/11/2021

The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.