International

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    KYC & CDD

    VerifyVASP Becomes First LEI Validation Agent in Crypto Space

    By Manesh Samtani | 26/05/2023

    VerifyVASP will be able to help VASP clients obtain an LEI, which can be used in counterparty due diligence and travel rule compliance.

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    ESG Data

    Climate Action Data Trust Unveils Data Dashboard Prototype

    By Editors | 26/05/2023

    The dashboard currently uses simulated data, but is intended to eventually link, aggregate, and harmonise all major carbon registry data.

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    Sustainable Finance

    IIGCC Outlines Principles for Enhancing Net Zero Benchmarks

    By ESG Investor | 26/05/2023

    New IIGCC working group with Bloomberg, FTSE Russell, MSCI, and S&P Global aims to promote best practices and real-world emissions reductions.

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    Trading & Investment

    EU Commission Unveils Measures to “Empower” Retail Investors

    By Mark Johnston | 25/05/2023

    The measures include better disclosures about investment products and services and a ban on inducements for “execution-only” sales.

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    ESG Data

    PITCH! REGTECH: ESG Data Needs to Be More Accurate 

    By Ranamita Chakraborty | 25/05/2023

    Panellists at Regulation Asia’s PITCH! REGTECH conference said RegTech needs to be “creative” to help FIs manage ESG data.

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    Cybersecurity

    Five Eyes Agencies Warn of State Sponsored Cyber Attacks

    By Editors | 25/05/2023

    Chinese foreign ministry spokeswoman Mao Ning said the joint advisory is a “collective disinformation campaign” from the “empire of hacking”.

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    Structural Regulation

    HSBC Planning Exit from Up to a Dozen Markets – Report

    By Editors | 25/05/2023

    It is not yet known which jurisdictions HSBC is considering exiting, but they are understood to be relatively small markets that may have underperformed.

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    Climate Risk

    NGFS Explores Short-Term Climate Scenarios

    By ESG Investor | 24/05/2023

    The NGFS is inviting modelling teams to participate and contribute to the development of short-term climate scenarios.

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    Cryptocurrency

    IOSCO Proposes First-Ever Global Regulations for Crypto Market

    By Ranamita Chakraborty | 24/05/2023

    The recommendations cover activities including offering, admission to trading, ongoing trading, settlement, market surveillance and custody, and retail distribution.

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    Clearing & Post-Trade

    LCH SwapClear Completes USD LIBOR to SOFR Conversion

    By Editors | 23/05/2023

    In aggregate, LCH SwapClear has successfully converted approximately 600,000 USD LIBOR contracts with notional value of $45tr.

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