International

Crypto / Digital Assets

Fraud Risk: An Industry Priority for the Crypto Space

By Editors | 20/07/2022

Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.

ESG / Sustainability

IMF Outlines Approaches to Climate Risk Analysis in FSAPs

By Manesh Samtani | 18/07/2022

Climate risk analysis in FSAPs typically entails the development of scenario-based stress tests for assessing bank solvency and liquidity, using bank level data.

AML / KYC

How North Korean Cryptocurrency Abuse Is Expanding

By Sasha Erskine | 18/07/2022

Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

Capital / Liquidity

BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

By Manesh Samtani | 18/07/2022

ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.

AML / KYC

Sanctions Over-Compliance Causes Human Rights Violations: UN Expert

By Editors | 18/07/2022

UN Special Rapporteur Alena Douhan says governments and FIs should be doing more to ensure over-compliance with sanctions does not negatively impact human rights.

Big Picture

Asset Managers Need to Collaborate on Risk, Compliance – IA

By ESG Investor | 15/07/2022

New report from the Investment Association and Deloitte offers recommendations for asset managers on net zero transition.

Fintech / Regtech

IOSCO Publishes Report on Use of Innovation Facilitators

By Editors | 15/07/2022

The report offers recommendations on three types of innovation facilitators – innovation hubs, regulatory sandboxes, and regulatory accelerators.

ESG / Sustainability

TNFD Launches ‘Data Catalyst’ to Support Nature Disclosures 

By ESG Investor | 15/07/2022

New initiative aims to bring together parties across the nature-related data landscape to respond to gaps and challenges.

ESG / Sustainability

Encouraging Progress on Climate Risk Roadmap: FSB

By Editors | 15/07/2022

The FSB has published its first annual stocktake on progress to address climate-related financial risks since the release of its roadmap last July.