International

ESG / Sustainability

IFRS Foundation Consults on Role in Global Sustainability Standards

By Editors | 02/10/2020

One possible option is for the IFRS Foundation to establish a new sustainability standards board, operating alongside the IASB, focusing initially on climate-related matters.

Fintech / Regtech

ACCC Concludes Refinitiv-LSEG Merger Review

By Editors | 02/10/2020

The ACCC examined horizontal overlaps and vertical relationships between LSEG and Refinitiv, as well as potential competition issues, and is not opposed to the transaction.

Market Infrastructure

SWIFT Developing Low-Value Cross-Border Payments Service

By Editors | 02/10/2020

The new initiative will improve the payments experience for consumers and SMEs, making them faster, more transparent, easier and competitively priced.

Enforcement

Two Ex-Deutsche Traders Convicted in Spoofing Case

By Sanday Chongo Kabange | 29/09/2020

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.

AML / KYC

US Law Firms Look to Capitalise from FinCEN Files

By Editors | 29/09/2020

US law firms are inviting investors to participate in class actions if they lost money in HSBC and StanChart stock following the release of the FinCEN Files.

AML / KYC

GLEIF Defines New Framework to Simplify, Accelerate LEI Issuance

By Manesh Samtani | 29/09/2020

Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.

AML / KYC

The New Cold War Is Financial

By Tom Keatinge | 29/09/2020

Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.

AML / KYC

Crypto Industry Responds to FATF Red Flag Report

By Nathan Smale | 28/09/2020

New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.

ESG / Sustainability

New Guidance on Integrating Climate Change in Investment Process

By Editors | 28/09/2020

CFA Institute says 75% of global C-level executives in the investment industry believe climate change is important, but only 40% incorporate it in their investment process.