International

    ESG / Sustainability

    NGFS Issues Guidance for Central Banks on Climate Disclosure

    By Editors | 17/12/2021

    The ‘how-to’ guide allows central banks to take their own specificities into account and to flexibly decide on the scope and depth of their disclosure, the NGFS said.

    Market Infrastructure

    ISDA Publishes New Set of Fallbacks for IBOR Derivatives

    By Manesh Samtani | 17/12/2021

    The new fallbacks cover IBORs in India (MIFOR), Malaysia (KLIBOR), New Zealand (BKBM), Norway (NIBOR), the Philippines (PHIREF) and Sweden (STIBOR).

    Big Picture

    ESG Data, Regulation and the APAC Fragmentation Challenge

    By Manesh Samtani | 16/12/2021

    Panellists at Regulation Asia’s ESG Tech & Data event discussed the need for methodology transparency and better company reporting.

    Fintech / Regtech

    ISDA Advances Work to Develop Standards for Crypto Derivatives

    By Editors | 15/12/2021

    Contractual standards for digital asset derivatives will provide a foundation for the market and help enhance transparency, liquidity and price discovery.

    Big Picture

    CPMI Reviews Developments in Retail Fast Payment Systems

    By Editors | 14/12/2021

    The implementation of retail FPS across the globe has risen from under a dozen jurisdictions in 2010 to around 60 in 2021.

    AML / KYC

    IMF, WB Propose Framework for Assessing Remittance Corridor Risk

    By Sanday Chongo Kabange | 14/12/2021

    Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.

    Market Infrastructure

    SWIFT Message Translation to Facilitate ISO 20022 Migration

    By Editors | 14/12/2021

    New service translates ISO 20022 messages to MT for banks that are not ready to process ISO 20022, which goes live in November 2022.

    Capital / Liquidity

    FSB Takes Stock of Approaches to Operationalising Bail-in

    By Editors | 14/12/2021

    In a new paper, the FSB provides an overview of practices, operational processes and arrangements as part of the bail-in process.

    Market Infrastructure

    FSB Explores Impact of Data Regulation on Cross-border Payments

    By Editors | 14/12/2021

    The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.

    Big Picture

    BIS Calls for Interoperability in Global Payment Systems

    By Sanday Chongo Kabange | 14/12/2021

    Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.

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