International

    Market Infrastructure

    EU Regulators Urge Participants to Stop Using LIBOR

    By Sanday Chongo Kabange | 05/07/2021

    Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

    AML / KYC

    FATF Examines Technology Use in AML/CTF Efforts

    By Manesh Samtani | 05/07/2021

    While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.

    Big Picture

    Corporate Governance Policy Frameworks Need Strengthening: OECD

    By Ranamita Chakraborty | 04/07/2021

    The OECD says significantly fewer companies are using public equity markets, but that strengthening corporate governance policies and frameworks can help.

    AML / KYC

    Risk Assessments Should Focus on National Priorities: Wolfsberg Group

    By Manesh Samtani | 04/07/2021

    Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.

    AML / KYC

    ECA Warns of Weaknesses in EU’s AML/CFT Regime

    By Ranamita Chakraborty | 02/07/2021

    AML/CFT efforts are hindered by institutional fragmentation and poor co-ordination at EU level, among other weaknesses.

    Market Infrastructure

    IOSCO Proposes Sustainability-related Rules for Fund Managers

    By Editors | 01/07/2021

    Recommendations for securities regulators cover asset manager practices, product disclosure, supervision and enforcement, terminology, and investor education.

    Market Infrastructure

    130 Nations Endorse Global Minimum Corporate Tax Rate

    By Editors | 01/07/2021

    The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.

    Big Picture

    Consortium Proposes to Create Impact Reporting Rules for Banks

    By Editors | 01/07/2021

    Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS aim to create new social and environmental impact reporting rules for banks.

    Crypto / Digital Assets

    New Registry for Digital Token Identifiers Goes Live

    By Editors | 01/07/2021

    The launch of the new registry comes ahead of the scheduled publishing of the ISO standard in Q3 2021, to meet urgent industry and regulatory needs.

    Capital / Liquidity

    BCBS Finalises Technical Amendments on SFT Haircuts

    By Editors | 01/07/2021

    The amendments were published for consultation in January 2021 and have been finalised as originally proposed.

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