International

ESG / Sustainability

IFC, CDP Offer Guidance on Environmental Disclosure Policies

By Editors | 08/12/2022

The policy recommendations are based on an examination of more than 100 disclosure practices across developed and developing economies.

Big Picture

BIS Calls Out Stability Risks From ‘Hidden’ FX Swap Debt

By Editors | 08/12/2022

The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains “stubbornly high”.

AML / KYC

International Operation Targeting Money Mules Yields 2,500 Arrests

By Editors | 07/12/2022

The operation involved law enforcement agencies in 25 countries including Singapore and Australia, supported by Europol, Eurojust, INTERPOL and the EBF.

Capital / Liquidity

ISDA Calls for Adjustments to IMA Default Risk Charge Under FRTB

By Editors | 06/12/2022

New paper provides analysis in support of the removal of the 3bp PD floor set by the BCBS under the internal models approach for FRTB.

ESG / Sustainability

GRI Consults on Biodiversity Disclosure Standard

By ESG Investor | 06/12/2022

The revised GRI Biodiversity Standard will be used to inform the CDP disclosure platform, and the TNFD disclosure framework for nature-related risks.

AML / KYC

Wolfsberg Group Endorses Use of AI/ML for Financial Crime Compliance

By Manesh Samtani | 05/12/2022

New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.

AML / KYC

Swimming in Dirty Money: It’s Time to Dive Below the Surface

By Tom Keatinge | 05/12/2022

The failure to address the illicit finance in illegal, unreported and unregulated fishing is a glaring omission, says RUSI’s Tom Keatinge.

AML / KYC

G7 Powers Set to Implement Oil Price Cap on Russian Crude

By Editors | 04/12/2022

EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.

Big Picture

IOSCO Offers Guidance to Regulators on Investor Education, Protection

By Editors | 03/12/2022

IOSCO report proposes seven sound practices for regulators to consider when designing financial and investor education initiatives, particularly during periods of crisis.