ADVERTISEMENT
Anti-Money Laundering
Basel AML Index Calls Out Ineffectiveness Across Jurisdictions
By Manesh Samtani | 21/09/2021
Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.
Structural Regulation
Canada Implements Financial Benchmarks Regulatory Regime
By Editors | 21/09/2021
CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.
Cybersecurity
BCBS Calls on Banking Sector to Enhance Cyber Defences
By Editors | 21/09/2021
Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.
Anti-Bribery & Corruption
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.
CBDCs
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.
Trading & Investment
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.
Trading & Investment
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.
Trading & Investment
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.
PEPs & Sanctions
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.
Cryptocurrency
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.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.