International

Reporting & Disclosures

G7 Backs – but Looks Beyond – Mandatory Climate Disclosures

By ESG Investor | 07/06/2021

TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.

Reporting & Disclosures

G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate

By Manesh Samtani | 07/06/2021

The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.

Structural Regulation

FSB, IOSCO Issue Statements in Support of Smooth LIBOR Transition

By Editors | 02/06/2021

The FSB warns against waiting for the development of forward-looking term RFRs. IOSCO urges market participants to stop issuing new LIBOR products.

Market Data & Technology

IHS Markit Starts Publishing New Credit-sensitive Rates

By Editors | 02/06/2021

The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.

PEPs & Sanctions

Addressing Sanctions Risk in Maritime Trade

By Manesh Samtani | 02/06/2021

Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

Fraud, Scams & Cybercrime

Interpol Concludes APAC Operation Targeting Online Financial Crime

By Manesh Samtani | 02/06/2021

The six-month operation led to 585 arrests, more than 1,600 bank account freezes, and the interception of USD 83 million in illicit funds.

Payments & Settlements

FSB Proposes Global Targets for Enhancing Cross-border Payments

By Editors | 01/06/2021

The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

Anti-Money Laundering

Why Asia Needs to Know About a German Supply Chain Law

By Elke Biechele. RisikoTek | 01/06/2021

A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.

Capital Adequacy

CCP12 Calls for Global Coordination on Basel III Timelines

By Editors | 01/06/2021

Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.