International

    Crypto / Digital Assets

    G7 Leaders Pledge to Develop Common Principles for CBDCs

    By Sanday Chongo Kabange | 07/06/2021

    CBDCs should operate within appropriate privacy frameworks and minimise spillovers, the G7 Finance Ministers said in a communique.

    Market Infrastructure

    Standard-Setters Launch Plan to Improve Global Audit Quality

    By Editors | 07/06/2021

    Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.

    ESG / Sustainability

    G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate

    By Manesh Samtani | 07/06/2021

    The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.

    Market Infrastructure

    FSB, IOSCO Issue Statements in Support of Smooth LIBOR Transition

    By Editors | 02/06/2021

    The FSB warns against waiting for the development of forward-looking term RFRs. IOSCO urges market participants to stop issuing new LIBOR products.

    Market Infrastructure

    IHS Markit Starts Publishing New Credit-sensitive Rates

    By Editors | 02/06/2021

    The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.

    AML / KYC

    Addressing Sanctions Risk in Maritime Trade

    By Manesh Samtani | 02/06/2021

    Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

    Market Infrastructure

    FSB Proposes Global Targets for Enhancing Cross-border Payments

    By Editors | 01/06/2021

    The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

    AML / KYC

    Why Asia Needs to Know About a German Supply Chain Law

    By Elke Biechele. RisikoTek | 01/06/2021

    A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.

    Capital / Liquidity

    CCP12 Calls for Global Coordination on Basel III Timelines

    By Editors | 01/06/2021

    Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.

    ESG / Sustainability

    G7 to Agree Global Corporate Tax at July Meeting – Report

    By Editors | 31/05/2021

    A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

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