International

Big Picture

FMSB Publishes Final Standard on Execution of Large Trades

By Editors | 07/05/2021

The Standard establishes principles for how dealers should behave when executing large trades to mitigate market impacts, conduct risks and conflicts of interest.

Fintech / Regtech

Electronic Transactions Association Offers CBDC Guidelines

By Sanday Chongo Kabange | 07/05/2021

The trade association says governments should carefully consider 7 guiding principles when considering the introduction of a CBDC.

AML / KYC

OFAC Penalises MoneyGram & SAP for Sanctions Violations

By Editors | 05/05/2021

In both cases, OFAC cited voluntary self-disclosures, the non-egregiousness of the violations, and remedial action as the reasons for the penalty amounts.

Big Picture

IMF Offers Guidance to Central Banks on Fintech, Cybersecurity

By Sanday Chongo Kabange | 04/05/2021

The surge of technological innovation and related cybersecurity issues strengthen the need for enhanced risk management at central banks, the IMF says.

Market Infrastructure

Canada Establishes Regulatory Regime for Financial Benchmarks

By Editors | 03/05/2021

Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.

Market Infrastructure

DSB Opens Consultation on OTC ISIN, CFI Service Provision

By Editors | 02/05/2021

The consultation focuses on cloud resilience, cybersecurity risk assessments, and enhanced support for supplier risk assessment activities.

Market Infrastructure

IFRS Foundation Consults on Revisions to Constitution

By Editors | 02/05/2021

The proposed amendments expand the Foundation’s objectives and set out the structure and function of the new International Sustainability Standards Board.

Securities / Derivatives

Bank Losses from Archegos Collapse to Exceed $10bn

By Sanday Chongo Kabange | 29/04/2021

New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.

AML / KYC

Mitigating Illicit Convergence in Transnational Financial Crime

By Editors | 27/04/2021

Rani Hong, Sasha Lezhnev, Ben Spevack and Che Sidanius discuss efforts under way to prevent the illicit exploitation of legal infrastructures for crime.