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ESG / Sustainability
FSB Urges Greater Coordination on Climate-related Risks
By Manesh Samtani | 07/07/2021
The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.
Market Infrastructure
FSB Calls on Supervisors to Align LIBOR Messaging
By Manesh Samtani | 07/07/2021
Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.
AML / KYC
FATF Urges Faster Implementation of Travel Rule in Crypto Sector
By Editors | 06/07/2021
Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
AML / KYC
FATF Examines Collaborative Analytics and the Need for Privacy
By Manesh Samtani | 06/07/2021
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
Securities / Derivatives
Industry Bodies Partner to Adapt CDM for Repo, Bonds
By Sanday Chongo Kabange | 06/07/2021
Implementation of the Common Domain Model for repo and bonds is expected to deliver industry wide efficiency gains, ICMA says.
AML / KYC
FATF Examines Technology Use in AML/CTF Efforts
By Manesh Samtani | 05/07/2021
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.
Big Picture
Corporate Governance Policy Frameworks Need Strengthening: OECD
By Ranamita Chakraborty | 04/07/2021
The OECD says significantly fewer companies are using public equity markets, but that strengthening corporate governance policies and frameworks can help.
AML / KYC
Risk Assessments Should Focus on National Priorities: Wolfsberg Group
By Manesh Samtani | 04/07/2021
Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.
Market Infrastructure
IOSCO Proposes Sustainability-related Rules for Fund Managers
By Editors | 01/07/2021
Recommendations for securities regulators cover asset manager practices, product disclosure, supervision and enforcement, terminology, and investor education.
Market Infrastructure
130 Nations Endorse Global Minimum Corporate Tax Rate
By Editors | 01/07/2021
The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.
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