International

AML / KYC

SFC Issues Warning on Unregulated Virtual Asset Platforms

By Editors | 18/07/2021

Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

Capital / Liquidity

WWF Calls for Supervisory Action to Address Biodiversity Loss

By Manesh Samtani | 17/07/2021

Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.

Capital / Liquidity

Climate Stress Tests Will Inform Supervisory Discussions

By Manesh Samtani | 17/07/2021

Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Market Infrastructure

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

By Editors | 16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.

AML / KYC

INTERPOL Calls for Global Action to Prevent ‘Ransomware Pandemic’

By Editors | 16/07/2021

Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.

Fintech / Regtech

ECB Launches Multi-year Digital Euro Project

By Ranamita Chakraborty | 15/07/2021

The plan is to allow regulated banks and fintechs to open accounts at the ECB so they can offer digital euro wallets to customers.

AML / KYC

European Commission Seeks Establishment of New AML Authority

By Ranamita Chakraborty | 15/07/2021

The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.

Market Infrastructure

New Governance Body to Unify Global Carbon Markets

By Ranamita Chakraborty | 14/07/2021

A new governance body will be formed to standardise operations of voluntary carbon markets and unify them behind a consistent set of values and standards.