International

Cryptocurrency

Hong Kong: GDF Warns Against Restricting Retail Investment in Crypto

By Manesh Samtani | 16/02/2021

The November FSTB proposal to only allow VASPs to offer services to professional investors could prompt retail investors to move to unlicensed platforms, GDF says.

Sustainable Finance

Trade Associations Issue Update to Green Loan Principles

By Editors | 15/02/2021

The update includes social risks in the categories to be considered as part of project evaluation and selection. Previously only environmental risks were included.

Credit Risk

IOSCO Reviews Impact of Govt Support on Credit Ratings

By Editors | 15/02/2021

Government support measures played a “significant role” in alleviating the downward pressure on credit ratings, IOSCO found in its review.

Structural Regulation

GLEIF to Implement New Policies, File Formats in Global LEI System

By Editors | 15/02/2021

Users must plan to implement the updated file formats to ensure uninterrupted access to LEI data beyond 31 March 2022, GLEIF said.

Sustainable Finance

IIF Offers Recommendations on Aligning Climate Finance Regulation

By Editors | 13/02/2021

The recommendations are aimed at promoting consensus and international alignment in sustainable finance policy and regulation.

Cloud & Infrastructure

GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI

By Editors | 12/02/2021

The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.

CBDCs

Japan Finance Minister to Take CBDC Debate to G7 Meeting

By Sanday Chongo Kabange | 11/02/2021

Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.

Cybersecurity

UPDATED: Over 100 Financial Firms Targeted by Single DDoS Attacker

By Editors | 10/02/2021

According to FS-ISAC, retail banking was the top target, accounting for 41% of the attacks, followed by exchanges at 15% and payments at 13%.

Structural Regulation

G-SIBs to Spend Over $100m on IBOR Budget in 2021: EY

By Manesh Samtani | 09/02/2021

Banks of all sizes felt most of their budget would be spent on technology, followed by legal contract repapering. A shortage of legal resources remains a clear risk.