International

Big Picture

Industry Cooperation is Key to Trade Finance Innovation

By Henry Roxas | 27/06/2021

R3’s Henry Roxas discusses the prevalence of paper-based methods in trade finance and the need for broader industry efforts to digitise practices.

AML / KYC

FATF Plenary Packs Powerful Punch

By Manesh Samtani | 25/06/2021

The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.

Big Picture

Citadel Securities Offers Best Practices to Address Exchange Outages

By Manesh Samtani | 24/06/2021

Common issues that have compounded the impact of recent outages continue to be largely overlooked by some exchanges.

Market Infrastructure

GFMA, BCG Publish Principles for Climate Finance Taxonomies

By Editors | 23/06/2021

The principles are based on a broader definition of climate finance which goes beyond debt instruments and captures equity financing and working capital.

ESG / Sustainability

CME Group to Launch Nature-Based Emissions Offset Futures

By Editors | 22/06/2021

The N-GEO futures contract will allow for delivery of eligible voluntary offset credits and will be listed by and subject to the rules of NYMEX.

Big Picture

NGFS Paper Sets Out Biodiversity Loss Research Agenda

By Editors | 21/06/2021

An NGFS/INSPIRE study group will seek to improve understanding of the link between biodiversity loss and financial stability.

AML / KYC

Basel Institute on Governance Takes Stock of Illicit Enrichment Laws

By Sanday Chongo Kabange | 21/06/2021

While some intricacies regarding illicit enrichment laws are yet to be properly tested in courts, they have “remarkable potential” in the field of asset recovery.

Market Infrastructure

IMF Proposes Introduction of Global Carbon Price Floors

By Manesh Samtani | 21/06/2021

The IMF says limiting global warming to 1.5 to 2 degrees will require a global carbon price of around $75 per ton, compared to only $3 per ton currently.

ESG / Sustainability

TCFD Scope 3 Review Supports Net-Zero Scrutiny

By ESG Investor | 20/06/2021

Comprehensive reporting on all corporate emissions essential for investors, regulators and policymakers working towards low-carbon economy, says GRI.