Following Terra’s death spiral, regulators will focus on the collateral backing the biggest stablecoins that are essential to the flow of real money into crypto.

Since its establishment at the COP26 conference in 2021, the International Sustainability Standards Board has been busy drafting its first standards. Now they are out for consultation, but ISSB chair Emmanuel Faber is already looking beyond them and to the organization’s broader mission.

The US government’s case against Archegos Capital sets up a contest to guess which of the fund’s prime brokers was the most gullible at any given time. To keep the game interesting, the answer might not always be Credit Suisse.

Payment service providers have welcomed the UK Payment Systems Regulator’s plan to promote account-to-account payments, but much needs to be done to boost take-up.

In a volatile equity market, asset managers may now pay the price for having concentrated research spend on analysts from a few bulge-bracket firms.

Credit intelligence specialist OakNorth is working with a consortium of US banks to assess physical and transition climate risk in loan portfolios. The motivation for the banks is clear: self-preservation in the face of growing climate-related disruption.

Credit Suisse is making heavy work of meeting its obligations under a 2017 RMBS settlement with the US Department of Justice. If it wants to make real progress, it will have to bite the bullet soon.

The attack follows the introduction of new foreign currency rules.

The European Central Bank has radical suggestions for ending AT1 conversion triggers and allowing only profitable banks to pay coupons. This could make these instruments riskier than equity.

Interest rate uncertainty may not have added to the complexity of the transition away from Libor pricing, but it has implications for forecasting that will only become clear as rate rises kick in.

The rule change will be phased in, but shares in publicly listed fintechs dip.

How can sanctions work when banks spend billions on box-ticking compliance, but criminals still easily launder vast sums through the banking system?

If regulated investors are to buy bonds on blockchain, incumbent infrastructure providers such as CSDs must embrace the very technology that threatens their traditional role.

For four years, a criminal case brought by an Australian regulator against Citi, Deutsche Bank, ANZ and six bankers who were facing jail has looked ill-judged, acting retrospectively against common market practice in a share placement. Now it has collapsed and lessons need to be learned

Policymakers around the world are rushing to protect retail investors from buying products that are less sustainable than they believe them to be. Why?

The former CFTC chair who first authorized bitcoin futures sees regulatory complexities ahead for crypto, blockchain and DeFi companies.

Will the bank’s payouts after a phishing scam set a precedent?

The scrutiny of sustainable finance is expected to intensify over the year as stakeholders look for market participants to deliver on environmental promises.

A spat among directors of the Federal Deposit Insurance Corporation has led to the resignation of its chair and thrown the prospects for domestic bank M&A into murky waters.

Global supply-chain bottlenecks have profound implications for how and where companies will fund their operations in the future. As the lines of ships lengthen outside ports, there’s a macroeconomic cost for banks weighing on loan demand and perhaps asset quality. However, some trade and logistics financing businesses that were previously on the margins of banking are now seizing their moment.

Rebooting the financial system with a new currency could be what’s needed to give Argentina’s economy a way forward.

The transition of most of the global financial markets away from Libor and the adoption of risk-free rates is finally upon us. As the clock counts down to the demise of Libor for all new contracts, the focus is firmly on where the sticking points remain: the ‘tough legacy contracts’ and the US dollar loan market.

The whole world must deal with Libor transition, but the situation is especially complex in Asia. Each jurisdiction has a different approach to benchmarks, and several countries are going to end up with multiple rates. On top of that there are big questions about liquidity. So, is Asia ready?

OTC Markets shows that both medium-size domestic companies and large overseas ones can be publicly quoted in the US without exchange listings.

The digital pioneer’s consumer website and mobile app have been hit by a series of problems.

A second large AT1 deal this year shows increased investor confidence around the bank’s transformation, but timing the deal was tricky.

Designed to bring fixed-rate term financing to DeFi protocols offering only volatile overnight rates, Pairwyse could impact traditional swaps and repo.

China’s president is a modern-day emperor who rules with an iron fist. His ‘common prosperity’ push promises better jobs and more equality, but it’s causing analysts to ask if the market is no longer investible and investors to fret and pull back – at a time when the country needs foreign capital more than ever.

The International Sustainability Standards Board (ISSB) is one of the most closely watched developments in climate standards to have been announced at COP26. Although its launch was the culmination of an ambitious project, its work is only just beginning.

Foreign exchange forwards do not fall within the scope of uncleared margin rules, but that does not mean those rules have no effect on the FX business. Firms are having to consider the pros and cons of switching to cleared trades to avoid being impacted.