International

Market Data & Technology

DSB Signs MoU on UPI Governance Arrangements

By Editors | 12/08/2021

The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.

DeFi & Web3

DeFi Accounts for Majority of Crypto Hacks, Frauds in 2021

By Sanday Chongo Kabange | 11/08/2021

In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.

PEPs & Sanctions

North Korea Continues to Evade Sanctions – Report

By Editors | 10/08/2021

A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.

Anti-Money Laundering

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

Clearing & Post-Trade

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

By Editors | 08/08/2021

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.

Data Privacy

Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS

By Ranamita Chakraborty | 06/08/2021

A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.

Payments & Settlements

CPMI Workplan Highlights Focus on Stablecoins, CBDCs

By Editors | 06/08/2021

CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.

Sustainable Finance

FIs Team Up to Accelerate Coal Plant Closures in APAC

By Editors | 05/08/2021

Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.

AI Risk & Governance

New BIS Paper Calls for Concrete Guidance on AI

By Sanday Chongo Kabange | 04/08/2021

Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.