International

ESG / Sustainability

NZAOA Issues Call to Action on Blended Finance

By ESG Investor | 30/09/2022

The UN-convened Net Zero Asset Owners Alliance has called on policymakers to facilitate the scaling of blended finance structures to fund climate solutions.

Capital / Liquidity

Standard Setters Publish Review of Global Margining Practices

By Editors | 30/09/2022

Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.

AML / KYC

US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

By Editors | 30/09/2022

Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

Crypto / Digital Assets

BIS Innovation Hub Nordic Centre Launches Retail CBDC Project

By Editors | 30/09/2022

The central banks of Israel, Norway and Sweden will develop a “hub” to which they will connect their domestic proof-of-concept CBDC systems.

AML / KYC

G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums

By Manesh Samtani | 30/09/2022

The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.

Securities / Derivatives

HKMA Unveils Details of Financial Forum to be Held in November

By Manesh Samtani | 29/09/2022

Financial Secretary Paul Chan said this week that “bold reforms” are in the pipeline to attract talent and enterprises to the city.

Crypto / Digital Assets

BIS Announces Successful Completion of mBridge CBDC Pilot

By Editors | 29/09/2022

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Crypto / Digital Assets

FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

By Editors | 29/09/2022

FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.

ESG / Sustainability

International Committee to Create Public Utility for Net-Zero Data

By Editors | 28/09/2022

International organisations and policymakers will work alongside financial data service providers to help bring the utility to fruition.