European Central Bank set to keep rates on hold – Industry roundup: 26 October
by Graham Buck
Fed wants to cut card fees; Turkey set for rate hike to 35%; StanChart, Deutsche partner on stablecoin; Pix no Mundo launches in Latin America
Anti-Money Laundering
Background
The Money Laundering Control Act of 1986 is a United States of America Act of Congress that made money laundering a Federal crime. This legislation combined with other legislation such as the European…
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Digital euro moves a step closer – Industry roundup: 19 October
by Graham Buck
US-China chip battle escalates; Egypt first with panda bond; Shell abandons carbon offset targets; Warning on Treasury bond market
World Bank “could boost lending to developing countries” – Industry roundup: 28 September
by Graham Buck
Italy dilutes windfall tax plan; Tencent joins CBDC interoperability pilot; New US government shutdown near; Spain fines Big Four for overworked staff
Transnet’s woes unsettle South Africa’s businesses – Industry roundup: 26 September
by Graham Buck
Digital euro at least two years away; AIIB opens Abu Dhabi office; Telos supply chain initiative launches; Bank of Japan maintains caution
Switzerland to toughen anti- money laundering rules – Industry roundup: 31 August
by Graham Buck
Singapore charges money laundering ring; China's factory slowdown continues; Visa and Mastercard to raise fees; Vanguard supports fewer ESG proposals
Modest Q2 growth for eurozone, but recession in Netherlands – Industry roundup: 17 August
by Graham Buck
BAE agrees US$5.55bn acquisition; India pays for UAE oil in rupees; MAS qualified approval for stablecoins; BRICS bank issues first bonds in rand
Sustainability and climate reporting standards published – Industry roundup: 27 June
by Graham Buck
Don't underestimate inflation says IMF; US$6.3 billion bid for semiconductor firm; Bundesbank denies bailout report; HSBC HK moves into crypto
India announces end of the 2,000 rupee banknote – Industry roundup: 23 May
by Graham Buck
Bank of Israel hikes rates again; Book claims state-sponsored Libor rigging in 2008; US companies rush to borrow; Study identifies ESG pay boost in US
Election uncertainty pushes Turkish lira to record low – Industry roundup: 16 May
by Graham Buck
China opens new Swap Connect prog; Singapore's new anti- crime platform; Thailand's economy buoyant in Q1; Amex closing non-US business FX ops
BRICS flexes muscles as it challenges US dollar – Industry roundup: 25 April
by Graham Buck
China, Singapore unite on sustainable finance; Chile to nationalise lithium reserves; Meloni upbeat on MPS sale; Zimbabwe's digital currency plans
Damage limitation continues after US bank failures – Industry roundup: 14 March
by Graham Buck
Power outages pressure SA banks; Three emerging new financial hubs; Argentina's debt swap; Viterrra gets sustainability-linked funds
“Fab 4” discuss semiconductor global supply chain resilience – Industry roundup: 28 February
by Graham Buck
France and Spain see inflation rise; JPMorgan rejigs Asia credit indexes; Marco Polo declared insolvent; Banga tipped as new World Bank chief
Major global companies “guilty of greenwashing” – Industry roundup: 14 February
by Graham Buck
China to keep green bond issue lead; Money managers expect sticky inflation; Emirates to launch a CBDC; Nine banks fund Carbonplace
China to expand digital yuan testing – Industry roundup: 2 February
by Graham Buck
UK issues plans to regulate crypto; Gmail creator sees ChatGPT ousting Google; Eurozone and UK hike interest rates; Raiffeisen earns more from Russia
Brazil and Argentina propose shared currency – Industry roundup: 24 January
by Graham Buck
Big banks work on Apple Pay rival; Sweden's rare earths discovery; New use cases for China's digital yuan; Pakistan food group plans IPO
India may give Visa and Mastercard access to its payments market – Industry roundup: 19 January
by Graham Buck
Bank of America chief promotes ESG; Deutsche Bank's CNY1bn Panda Bond; Saudi J-v targets strategic minerals; Five evolving cybercrime trends
Bayer to shift focus away from Europe – Industry roundup: 17 January
by Graham Buck
American firms turn to convertible bonds; Thailand to allow virtual banks; Standard Chartered upbeat on India; US creates digital assets body
European corporates move nearer four-day working week – Industry roundup: 20 December
by Graham Buck
HSBC ends funding for gas and oil; Hong Kong launches crypto ETFs; Kazakhstan presses ahead with CBDC; US small businesses sign alliance
Eighth successive hike takes Australia‘s interest rate to 3.1% – Industry roundup: 6 December
by Graham Buck
IBM and Maersk shutter TradeLens; Bulk ships "transporting food cargoes"; Fit For The Future study issued; Mastercard and Vesta in LatAm partnership
CME’s expansion will extend to weekly FX options – Industry roundup: 22 November
by Graham Buck
UK-South Africa infrastructure partnership; Downbeat report from Spain’s Cellnex; India ready for retail CBDC pilot; Stenn addresses trade finance gap
Pakistan calls on Asian Infrastructure Investment Bank for aid – Industry roundup: 27 October
by Graham Buck
MBridge multi-CBDC completes pilot; SWIFT extends MonetaGo tool; Turkey plans 2023 launch for CBDC; ECB agrees second 0.75% rate hike
Warning on Russian malware threat – Industry roundup: 12 September
by Graham Buck
Crisis sees Germany commit to LNG; China's emergency loans revealed; Exit EM government debt says JPMorgan; Bolt abandons Wyre deal
D-Day for crypto market in seven days‘ time – Industry roundup: 8 September
by Graham Buck
China agrees to pay Russia in roubles; Hawkish ECB hikes rates by 0.75%; China corporate bond boom; Contour acquires we.trade assets
Pressure on gas prices hits euro and pound – Industry roundup: 5 September
by Graham Buck
China’s economic challenge falters; Cardano upgrade on 22 Sept; Amazon moves further into logistics; India anti- money laundering action