News Centre

Finansinspektionen Prioritizes Particularly Vulnerable Sectors To Combat Money Laundering

Date 17/04/2024

Money laundering is a global problem that allows criminals to transact large sums of money without revealing their illegal activities. In order to counteract the risk of money laundering, FI has identified a number of areas where the risks are assessed to be particularly large and that we will have an extra focus on during the year.

ICE Climate, Property And Loan-Level Datasets Provide Holistic Visibility Into Broad-Based Housing Sector Risk

Date 17/04/2024

• Loan-level data tied to climate-driven insurance costs, property taxes, estimated utility bills, as well as property damage risk from climate events
• Original ICE research on the intersection of climate risk and home affordability to be shared at AmeriCatalyst conference in Washington, DC

Sumitomo Mitsui Trust Asset Management Adopts DTCC’s ITP Services As Industry Prepares For U.S. Move To T+1

Date 17/04/2024

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Asset Management is leveraging DTCC’s Institutional Trade Processing (ITP) suite of services to accelerate trade processing as the industry sets its sights on the U.S. move to a T+1 settlement cycle on May 28, 2024.

ACER Consults On The European Market Rules On Gas Transmission Capacity Allocation

Date 17/04/2024

ACER sees the need to update the European rules on allocating gas transmission capacity. Hence, ACER will run a public consultation to collect proposals from stakeholders on which amendments to the gas Capacity Allocation Mechanisms Network Code (CAM NC) could be considered.

Kroll’s State Of Cyber Defense Report Reveals Healthcare Industry is Disillusioned In Its Preparedness For Cyberattacks

Date 17/04/2024

Kroll, the leading independent provider of global risk and financial advisory solutions, has released the State of Cyber Defense: Diagnosing Cyber Threats in Healthcare report, exposing the healthcare industry’s disillusionment in terms of its cyber maturity. The research reveals that over a quarter (26%) of healthcare businesses have immature cybersecurity processes yet nearly 50% believe their processes are ‘very mature’. Despite this high sense of self-confidence, only 3% of healthcare organizations surveyed actually have mature cyber processes in place.

FSB Proposes Measures To Enhance The Liquidity Preparedness Of Non-Bank Market Participants For Margin And Collateral Calls During Times Of Market-Wide Stress

Date 17/04/2024

• FSB report identifies weaknesses in risk management and governance as key causes of inadequate liquidity preparedness by some non-bank market participants during recent incidents of liquidity stress in financial markets.
• Report proposes eight policy recommendations focused on managing and mitigating the impact of spikes in margin and collateral calls in the non-bank financial intermediation (NBFI) sector.
• Proposed recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices of non-bank financial institutions.

StoneX Partners With NatWest To Enhance Global FX Payment Systems

Date 17/04/2024

The Payments division of StoneX (StoneX Payments) will supply NatWest with third-party delivery and international FX payment services, allowing the bank’s corporate clients to transfer money to more nations with ease. This partnership will support cross-border payments and expand local payment reach in an additional set of 10 currencies, providing access to customers in markets the bank had not previously serviced. StoneX's API-driven financial institution platform and extensive network of over 350 correspondent banks will be leveraged.

MASH Innovator Drug Partnerships Surge Over $2.5 Billion In 2024YTD, Reveals GlobalData

Date 17/04/2024

Biopharmaceutical companies are regaining interest in metabolic dysfunction-associated steatohepatitis (MASH) innovator drug development. MASH innovator drugs witnessed over $2.5 billion increase in the total value of partnership deals from 2020 to 2024 year-to-date (YTD), with more than $2 billion forged in Q1 2024 alone, reveals GlobalData, a leading data and analytics company.

Clearstream To Invest In Digital Vault Services

Date 17/04/2024

• Partnership underlines joint commitment to further progress digitisation of the financial markets
• Investment dedicated to accelerate DVS’s offering as a market infrastructure solution for the issuance and safekeeping of digital guarantees 
• DVS’s Guarantee Vault to connect to Deutsche Börse’s digital post-trade platform D7 mid-term, broadening its digital asset service portfolio into the non-securities space

Berenberg Selects Kaizen For Regulatory Reporting Assurance

Date 17/04/2024

Berenberg, one of Europe’s leading privately owned banks, has selected leading regulatory technology firm, Kaizen as its regulatory reporting assurance provider.