International

Market Infrastructure

FCA Calls on Issuers to Transition Remaining LIBOR Bonds

By Editors | 18/08/2022

Issuers of remaining GBP, JPY and USD LIBOR-linked bonds should initiate consent solicitation processes, and not rely on synthetic rates.

AML / KYC

Moscow Reopens Bond Market to ‘Friendly’ Nations

By Manesh Samtani | 17/08/2022

Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

Market Infrastructure

CFTC Removes Clearing Requirement for LIBOR Swaps

By Editors | 16/08/2022

Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Crypto / Digital Assets

ISLA May Revise GMSLA to Cater to Digital Assets

By Editors | 15/08/2022

ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.

ESG / Sustainability

Central Banks Urged to Lead on Green Collateral

By ESG Investor | 15/08/2022

A new paper says central banks should adopt an ‘environmental footprint’ approach to greening their collateral frameworks.

Market Infrastructure

Industry Calls for Reforms to EU Benchmarks Regulation

By Manesh Samtani | 15/08/2022

Many non-EU benchmarks won’t qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.

AML / KYC

INTERPOL Launches Global Money Mule Awareness Campaign

By Editors | 15/08/2022

The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

Fintech / Regtech

Making Data Security a Priority in a World of Tech-driven Services

By Philip Keller | 14/08/2022

Philip Keller outlines key considerations for banks when establishing a protocol to ensure data can only be shared in a safe, reliable, timely, and complete manner.