International

AML / KYC

EU Leaders Agree to Ban 90pc of Russian Oil by Year-end

By Manesh Samtani | 01/06/2022

The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.

Capital / Liquidity

BCBS Progresses Work on Climate Risk, Crypto Assets

By Editors | 01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

Big Picture

Sustainable Investing Slowly Taking Root at Central Banks

By ESG Investor | 30/05/2022

A new report says central banks are increasingly looking to align their operations with sustainability objectives within the constraints of their mandates.

Big Picture

“Notable Progress” in Financial Institutions’ D&I Policies: BIS

By ESG Investor | 28/05/2022

International standards could be more explicit in articulating expectations on diversity and inclusion practices.

Big Picture

World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption

By Sanday Chongo Kabange | 28/05/2022

Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.

AML / KYC

US Treasury Puts Russia on Path to Sovereign Default

By Manesh Samtani | 27/05/2022

The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.

Fintech / Regtech

ISLA, ICMA Advance Work to Digitise Industry Documentation

By Editors | 27/05/2022

ISLA and Linklaters are working to automate securities lending contract negotation. ICMA is looking to digitise repo documentation.

Securities / Derivatives

WFE Sheds Light on Effectiveness of Circuit Breakers

By Editors | 26/05/2022

The study shows that the circuit breakers triggered during the March 2020 volatility contributed to alleviating financial market pressures.

AML / KYC

Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes

By Manesh Samtani | 26/05/2022

The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.