News Centre

Anti-Money Laundering And Countering The Financing Of Terrorism Supervision Is Improving But Not Always Effective Yet, Finds The EBA

Date 22/03/2022

The EBA published today the findings from its assessment of competent authorities’ approaches to the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision of banks. Since the EBA started those reviews in 2019 and strengthened its AML/CFT guidance, national supervisors have started to adopt meaningful reforms to improve their AML/CFT supervision, but the EBA found that significant challenges remain in important areas such as the identification and assessment of money laundering and terrorist financing (ML/TF) risks.

Project Dunbar - International Settlements Using Multi-CBDCs - Project Led By The BIS Innovation Hub In Partnership With The Reserve Bank Of Australia, Central Bank Of Malaysia, Monetary Authority Of Singapore, And South African Reserve Bank

Date 22/03/2022

Project Dunbar explores how a common platform for multiple central bank digital currencies (multi-CBDCs) could enable cheaper, faster and safer cross-border payments. It identified challenges of implementing a multi-CBDC platform shared across central banks and proposed practical design approaches to address them. These design approaches were validated through the successful development of technical prototypes on Corda and Partior, proving that the concept of multi-CBDCs was technically viable.

BIS Innovation Hub and Central Banks of Australia, Malaysia, Singapore and South Africa Develop Experimental Multi-CBDC Platform for International Settlements

Date 22/03/2022

• Project Dunbar developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks.
• The platform was designed to facilitate direct cross-border transactions between financial institutions in different currencies, with the potential to cut costs and increase speed. 
• The project identified challenges of implementing a multi-CBDC platform shared across central banks and proposes practical design solutions to address them. 

Federal Reserve Board Issues Enforcement Action With Former Employee Of Rabo AgriFinance LLC

Date 22/03/2022

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Consent Prohibition against Erica Rachal
Former employee Rabo AgriFinance LLC, Chesterfield, MO
Misappropriation of bank funds

EBA Launches Call For Papers For Its 2022 Policy Research Workshop

Date 22/03/2022

The European Banking Authority (EBA) launched today a call for research papers in view of its 11th Policy Research Workshop taking place on 26-27 October 2022 on the topic "Technological Innovation, Climate Finance and Banking Regulation". The paper submission deadline is 24 June 2022.

Statement On Jury’s Verdict In Trial Of Jonathan Dax Cooke And Keystone Capital Partners, Gurbir Grewal, Director, SEC Division Of Enforcement, March 22, 2022

Date 22/03/2022

On March 21, after a nine-day trial, a jury in the Northern District of Georgia ruled in favor of the SEC against a former registered representative of LPL Financial, LLC, and a firm he co-founded.

FSB: Call For Papers: 2022 Annual Meeting Of The Central Bank Research Association (CEBRA)

Date 22/03/2022

The FSB invites academic paper submissions for a plenary session on the topic of ‘Financial Stability Implications of Decentralised Finance (DeFi) and Crypto Asset Markets’ at the 2022 Annual Meeting of CEBRA. The conference is jointly organised by the Banco de España, the Barcelona School of Economics (BSE) and the Leibniz Institute for Financial Research “Sustainable Architecture for Finance in Europe” (SAFE), and will take place in person at the Universitat Pompeu Fabra from 29-31 August 2022

Corporate And Municipal CUSIP Request Volumes Rise In February - Longer-Term CDs Show New Signs Of Life

Date 22/03/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for February 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new corporate and municipal identifiers.

Dubai Financial Market Company Shareholders Approve 2021 Financial Statements - Ratification Of The Board’s Recommendation To Distribute Cash Dividend Of AED 240 Million

Date 22/03/2022

Shareholders of the Dubai Financial Market Company (PJSC) approved the Balance Sheet for the financial year ending 31 December 2021, during the Company’s Annual General Meeting held today, Tuesday 22 March 2022, and headed by His Excellency, Helal Al Marri, Chairman of the Company. The shareholders also ratified the Board of Director’s report on the Company’s performance and its financial position for the fiscal year ending 31 December 2021, the external auditor’s report as well as the Fatwa and Sharia’a Supervisory Board’s report.

CFTC: Federal Court Orders Tennessee And Kentucky Men And Their Company To Pay Over $5 Million For Commodity Futures Pool Fraud

Date 22/03/2022

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Middle District of Tennessee entered a summary judgment order on March 16, 2022 for permanent injunction, monetary sanctions, and equitable relief against Rodney Scott Phelps, formerly of Tennessee. Previously, the U.S. District Court for the Middle District of Tennessee entered an order of default judgment (default order) against two other parties to the suit, Jason T. Castenir of Kentucky and Maverick Asset Management (Maverick) of Tennessee.