Core Insights - A recent LSEG survey indicates that a majority of global financial services firms have adjusted or updated their cloud strategies in response to data privacy, security, and sovereignty regulatory requirements [1][2] - Business resilience has emerged as a common priority for both companies and regulators, reflecting a shared goal of enhancing cloud stability and reducing service disruptions [2][3] Group 1: Cloud Strategy Adjustments - 84% of respondents reported making adjustments to their cloud strategies due to regulatory requirements, with over a quarter (28%) implementing extensive changes [2] - The survey included 453 executives from the financial services industry across 12 countries, with 63% being key decision-makers in financial market data and IT solutions [2] Group 2: Business Resilience - 30% of respondents experienced business interruptions due to cloud services in the past year, highlighting the importance of resilience and security in evaluating cloud strategy value [3] - In the EMEA region, 95% of respondents consider business resilience "very important" (61%) or "critical" (34%) when selecting cloud service providers [3] Group 3: Regional Variations - The Asia-Pacific (APAC) region has the highest business interruption rate at 38%, with 51% of respondents indicating that resilience is a key metric for assessing cloud strategy ROI [3][4] - Regulatory bodies in the APAC region are beginning to emphasize business resilience, with several agencies conducting crisis management tabletop exercises [5] Group 4: Regulatory Impact - One-third (33%) of financial institutions indicated that regulatory changes are affecting their cloud strategies, particularly in areas like migration and AI [6] - 59% of respondents affected by data privacy and security regulations are adopting hybrid cloud strategies, while 56% are implementing multi-cloud strategies [6] Group 5: Investment Return and Compliance - Regulatory frameworks vary by region, with 33% of APAC respondents needing to make extensive adjustments to their cloud strategies due to regulatory requirements, compared to 24% in EMEA [8] - In the Americas, 33% of respondents cited regulatory changes as the primary barrier to achieving expected ROI from their cloud strategies [8][9] Group 6: Overall Impact - Overall, cloud regulations are influencing the expected ROI from cloud investments across regions, although some financial services firms recognize that compliance can enhance business resilience [10]

活动背景 在全球贸易格局不断演变、地缘政治风险加剧的背景下，关税政策与贸易型洗钱（TBML）风 险正以前所未有的方式交织在一起，给企业合规带来全新挑战。我们诚邀您参加本次专题网络 研讨会，深入探讨如何在复杂多变的环境中，构建更具前瞻性与适应力的合规策略。 本次研讨会将结合真实案例，剖析当前合规与尽职调查中的关键难题，强调金融机构在识别和 应对新兴风险中的核心作用，并介绍如何借助 World-Check 工具提升筛查效率与决策质量。欢 迎合规、风控、审计及贸易相关从业者报名参加，共同探讨应对之道。 活动信息 日期： 2025年8月26日（周二） 时间： 15：30 北京时间 活动议程 负责风险合规产品的数据对接，筛查平台项目的实施以及售后支持和 产品培训；曾就职于LSEG尽职调查业务调查组，对于尽职调查和风险 筛查流程等方面具有丰富经验。 Frank Ling 凌聿丰 LSEG 高级客户学习经理 Frank自从加入公司以来，一直从事向不同类型客户提供金融信息解决 方案的培训和咨询工作。他在从金融数据和文本内容中挖市场掘洞察 方面积累了众多经验和专业能力。熟悉包括投行、资产管理、学校和 量化投研等多种工作流程的信 ...

Core Viewpoint - Zhejiang International Bulk Commodity Trading Center, known as "Zhejiang Dazong," has evolved into a leading local trading venue in China, focusing on national strategies and compliance while enhancing its role in the allocation of bulk commodity resources [1][2]. Group 1: Development and Collaboration - Established in May 2015, Zhejiang Dazong is a significant platform for the allocation of bulk commodity resources and a key promoter of the integrated oil and gas trading market in the Yangtze River Delta [1]. - Since August 2023, Zhejiang Dazong has deepened its collaboration with the London Stock Exchange Group (LSEG) in areas such as data, products, and conferences, with its price index products now available on the LSEG platform [1]. - The launch of a dedicated page on the LSEG Workspace financial terminal in January 2024 will provide global users with efficient access to key index product information, enhancing the international dissemination of Chinese oil and gas prices [1][2]. Group 2: Price Index Products - The "Zhoushan Price," officially known as "China Zhoushan Fuel Oil Bonded Ship Supply Quotation," is the first RMB quotation product in the domestic bonded ship fuel market based on the Shanghai Futures Exchange prices, becoming a global benchmark [2]. - The "LNG Price" reflects the actual supply and demand situation in Zhejiang Province's LNG market, while the "Storage Price" includes comprehensive storage prices and available commercial storage capacity in Zhoushan, aiding stakeholders in the energy and chemical storage market [2]. - Zhejiang Dazong is committed to continuously improving its price index system and enhancing international cooperation to strengthen its role in the allocation of bulk commodity resources [2]. Group 3: Price Index Codes - The following are the price index codes available for users to access on the LSEG Workspace terminal: - 0ZMELSFBA: China Zhoushan Low Sulfur Fuel Oil Bonded Ship Supply Quotation (Daily) - 0ZMEHSFBA: China Zhoushan High Sulfur Fuel Oil Bonded Ship Supply Quotation (Daily) - 0ZMELNGP: Zhejiang Region LNG Consumption Price (Daily) - 0ZMEWCPI: Zhoushan Oil Product Storage Comprehensive Price Index (Monthly) - 0ZMEWCPST: Zhoushan Storage Comprehensive Price (Short-term 1-3 months) (Monthly) - 0ZMEWCPLT: Zhoushan Storage Comprehensive Price (Long-term 6-12 months) (Monthly) - 0ZMEWCPSTG: Zhoushan Available Commercial Storage Capacity (Monthly) [4].

Core Viewpoint - The article discusses the current sentiment in the precious metals market, highlighting the impact of U.S. economic indicators and investment strategies from notable investors like Warren Buffett, indicating a potential bullish phase for gold despite recent price corrections [2][25]. Group 1: Market Sentiment and Economic Indicators - Recent U.S. PPI data exceeded market expectations, contributing to a softening of gold prices, while the U.S. clarified that there would be no tariffs on Swiss-processed precious metals [2][23]. - The increase in short positions in precious metals by U.S. futures funds reflects a bearish sentiment in the market [2][25]. - The article notes that despite a decline in gold prices, many financial leaders are entering the gold market, suggesting a consolidation phase in a broader bull market for gold [2][25]. Group 2: Fund Positioning and Market Data - As of August 12, managed net long positions in COMEX gold decreased by 4.7% to 480 tons, marking a continuous net long position for 97 weeks [3][7]. - Silver's managed net long positions fell to 4,394 tons, the lowest in 16 weeks, with a year-to-date price increase of 31.2% [3][7]. - Platinum and palladium markets showed mixed signals, with platinum's net long positions slightly increasing, while palladium remained in a prolonged net short position for 136 weeks [8][11]. Group 3: Investment Strategies and Future Outlook - Warren Buffett's recent investments in homebuilders suggest a belief in declining U.S. interest rates, which could influence the precious metals market positively [2][25]. - The article raises concerns about the Federal Reserve's potential actions if inflation pressures rise again after interest rate cuts, indicating a critical period ahead for monetary policy [26]. - The gold-to-North American mining stock ratio has seen a significant decline, suggesting that mining stocks may lag behind gold prices, which could be a warning sign for investors [20][18].

Core Viewpoint - The global trade monitoring sector is undergoing significant transformation, evolving from a compliance-driven function to a dynamic, data-driven discipline that impacts business operations [1][2]. Group 1: Evolution of Compliance and Monitoring - Compliance and monitoring functions are transitioning into strategic advisors for risk management, becoming integral to understanding markets, managing data, and controlling risks [2]. - Nearly half of forex companies view trade monitoring and preventing market abuse as key areas for managing or reducing risk exposure, indicating a shift in compliance's role within organizations [2]. - Compliance is now embedded in various business functions, with professionals at all levels taking on more monitoring and risk responsibilities [2][3]. Group 2: Influence of Compliance in Decision-Making - A survey during the LSEG webinar revealed that most participants believe compliance teams now have greater influence in corporate decision-making processes, reflecting a cultural shift where compliance is seen as a driver of business development rather than a hindrance [3][6]. Group 3: Key Drivers of Monitoring Landscape - The monitoring landscape is influenced by three key drivers: 1. Explosive growth in data volume, with market trading volumes and reporting expected to reach historical highs by 2025 [7]. 2. Evolving regulatory requirements, with stricter expectations from regulators regarding data governance and operational resilience [9]. 3. Increasing complexity of market structures, necessitating advanced analytical technologies and unified data sources for effective monitoring [10]. Group 4: Challenges in Trade Monitoring - A significant challenge in trade monitoring is the prevalence of false positives generated by monitoring tools, which can overwhelm teams with irrelevant information [12]. - Companies are encouraged to adopt a tactical approach by utilizing regulatory datasets designed for market abuse detection and calibrating alert mechanisms to capture extreme behaviors [12][13]. Group 5: Role of AI and Innovation - Advances in AI and natural language processing are enabling companies to shift from reactive detection to proactive prevention, allowing for real-time behavior correction [15][16]. - Some companies are deploying AI solutions to educate employees in real-time during potentially inappropriate conversations, marking a new phase in monitoring that emphasizes proactive compliance [16]. Group 6: Integration of Trade and Communication Monitoring - The integration of trade monitoring with communication monitoring is becoming increasingly important, as communication can reveal intentions not reflected in trade data [17]. - LSEG collaborates with Global Relay to provide a unified compliance archiving solution that integrates communication monitoring data from various sources, enhancing the ability to respond to regulatory inquiries [17][18]. Group 7: Conclusion on Monitoring's Role - Monitoring has evolved from a backend burden to a forefront discipline in risk management and organizational culture, offering significant competitive advantages when leveraged effectively [18].

Core Viewpoint - The article discusses the impact of recent political and economic turmoil, such as tariff increases and central bank policy shifts, on the volatility of stock, bond, and commodity markets [1][2]. Market Volatility - Following the announcement of a series of tariff policies by the Trump administration, global markets experienced significant turbulence, with nearly $6.6 trillion in market value evaporating from the U.S. stock market within two trading days. The S&P 500 index rebounded by 9.5% the following day, marking the largest single-day gain in over a decade [2]. - The volatility reflects deeper uncertainties regarding global trade policies, inflation, and central bank directions, leading to a reassessment of inflation risks and U.S. Federal Reserve policy paths, resulting in dramatic fluctuations in U.S. Treasury yields [2]. Cross-Asset Awareness - Isolated analysis of stocks is no longer sufficient; stock volatility is influenced by multiple asset classes, including commodity price fluctuations, currency volatility, interest rate expectations, and geopolitical risks [3][4]. - The divergence between U.S. and European stock markets exemplifies this, where the S&P 500 is buoyed by strong technology sector performance, while European indices are pressured by tariff concerns and energy price shocks [3]. Data Tools and Decision-Making - Investors must leverage advanced data tools like LSEG Workspace and StarMine to filter market noise and extract actionable insights, enabling them to make informed decisions in volatile markets [4][5]. - The ability to focus on critical information and utilize refined data-driven signals is increasingly valuable, as it helps identify potential opportunities during market dislocations [5]. Strategic Adjustments - Recognizing market dynamics is crucial, but the ability to act under pressure is equally important. Tariff policy adjustments can have complex ripple effects across industries and asset classes [6]. - Integrated decision-making environments, such as LSEG Workspace, allow investors to analyze and adjust strategies without switching systems, enhancing agility in responding to market changes [6]. Maintaining a Competitive Edge - Market volatility is expected to persist, and investors must build processes, utilize appropriate tools, and apply precise insights to turn market complexities into competitive advantages [7]. - The ultimate winners in this rapidly changing market will be those who can accurately determine where to allocate funds and seize the best timing for action [7].

Core Viewpoint - Effective and efficient Customer Due Diligence (CDD) is an essential component of risk management strategies, helping organizations understand customer identities and clarify business partners [1][2]. Summary by Sections What is Customer Due Diligence (CDD) and Its Importance - CDD involves verifying customer data to understand potential risks associated with new or existing clients, significantly reducing the risk of fraud and financial crimes [2]. - Effective CDD should be rigorous and in-depth, going beyond basic checks to create a comprehensive profile of each customer while ensuring a seamless service experience [2]. Common Challenges - Organizations face several common challenges in implementing CDD processes, including: - **Data Challenges**: Incomplete or distorted customer information can hinder thorough CDD [4]. - **Technical Shortcomings**: Manual processes are time-consuming and prone to errors, making timely CDD completion difficult without appropriate technological support [5]. - **Resource Limitations**: Budget and human resource constraints put pressure on compliance teams to efficiently conduct CDD [6]. - **Complex Regulatory Environment**: Keeping up with evolving regulatory requirements adds complexity to CDD processes [7]. Customer Due Diligence Checklist - A checklist is provided to help build an accurate and efficient CDD framework, covering key elements such as: - **Screening**: Identifying potential financial crime threats and ensuring compliance with global regulations [8]. - **Enhanced Due Diligence (EDD)**: Necessary when risks are detected, providing critical information about high-risk business relationships [9]. - **Identity Verification**: Essential for reducing fraud risk and establishing brand trust by verifying the true identity of clients [10]. - **Ongoing Monitoring**: CDD is a continuous process, requiring regular reports to identify suspicious activities and adapt to changing risks [11].

Core Viewpoint - The article discusses the evolving dynamics of the Mortgage-Backed Securities (MBS) market since 2025, influenced by factors such as the Federal Reserve's monetary policy, high interest rates, and the performance of residential RMBS [1]. Group 1: Event Background - The MBS market has been experiencing continuous changes since 2025, driven by multiple factors including the Federal Reserve's monetary policy and the high interest rate environment [1]. - Understanding the dynamics of the Agency RMBS market is crucial for assessing the pressures and opportunities facing MBS demand and refinancing activities in a high-rate environment [1]. Group 2: Event Information - The event is scheduled for September 3, 2025, from 10:00 AM to 11:00 AM, and will be held online via Tencent [2]. - The agenda includes presentations on mortgage market dynamics, MBS trading practices, and an overview of the Yield Book's prepayment model [2]. Group 3: Speakers - Hui Ding, the Head of RMBS Research and Modeling at LSEG, has nearly 20 years of experience in the securitization product industry [6]. - Helen Zhang, the Head of Research Model Development at LSEG, has a background in technology and finance, particularly in securitized products [7]. - Irene Shi, a Senior RMBS Researcher at LSEG, focuses on market research and quantitative modeling related to agency RMBS [8]. Group 4: Yield Book Overview - Yield Book has been a reliable source for fixed income analysis for 35 years, offering extensive features for in-depth security and portfolio analysis [11]. - The platform provides market-leading models and derivative analysis solutions, enabling clients to maintain a competitive edge [16]. Group 5: Applications of Yield Book - Yield Book's data and models assist in identifying interest rate and credit risks, crucial for achieving robust financial performance [18]. - The platform offers deep insights into investment strategies, helping clients efficiently allocate their portfolios [19]. - Yield Book serves as a comprehensive solution for pre-trade and post-trade analysis, ensuring accurate assessments of cash flow engines and prepayment/default models [20].

Core Viewpoint - The article discusses the recent fluctuations in gold prices due to political statements and potential tariffs, highlighting the impact of U.S. monetary policy and the shift towards digital currencies as a means to sustain financial prosperity [2][25][26]. Group 1: Market Reactions and Price Movements - Trump's announcement of a 39% tariff on Swiss gold bars led to a nearly $100 increase in gold prices, but this was later clarified as a misunderstanding, stabilizing the market [2][25]. - Gold prices experienced volatility with a significant drop followed by a rebound, reflecting market uncertainty regarding geopolitical events and U.S. policy [2][25]. - The gold price has accumulated a 28.9% increase year-to-date as of August 5, while silver prices have risen by 31.0% in the same period [7][10]. Group 2: Fund Positions and Market Sentiment - Managed positions in COMEX gold saw a net long position increase of 13.3% to 503 tons, marking the highest level since September 2019 [3][7]. - In contrast, COMEX silver experienced a 29.8% decrease in net long positions, dropping to 4,762 tons, the lowest in 11 weeks [3][7]. - The article notes that palladium has been in a net short position for 135 weeks, indicating a bearish sentiment in that market [8]. Group 3: Economic Indicators and Future Outlook - The article highlights the potential for U.S. interest rate cuts, with a significant probability of maintaining rates in the upcoming Federal Reserve meeting [23]. - The gold-to-North American mining stock ratio fell by 9.3%, indicating a potential divergence between gold prices and mining stocks, which may signal caution for investors [21]. - The gold-silver ratio, a measure of market sentiment, was reported at 88.673, reflecting ongoing high risk awareness in the market [22]. Group 4: Geopolitical and Policy Implications - The article suggests that U.S. policy changes may be aimed at diverting investment from commodities to digital currencies, which are closely tied to the dollar [26]. - The geopolitical landscape is expected to become more complex, particularly with Trump's focus on resolving the Russia-Ukraine conflict, which may have broader implications for global markets [25][26].

Core Viewpoint - The APPEC (Asia Pacific Petroleum Conference) aims to enhance information sharing and cooperation in the Asia-Pacific energy market, focusing on "energy security" and "sustainable development" for the 2025 conference, which will strengthen the region's role in global energy transition [1]. Group 1: Conference Overview - The APPEC has evolved over 40 years into a key platform connecting governments, businesses, and academia, with its discussions often referenced in global energy policy-making [1]. - The 2025 APPEC will feature the "China Energy Futures Seminar" organized by the London Stock Exchange Group (LSEG), focusing on energy derivatives markets and international cooperation [1]. Group 2: Event Details - The seminar is scheduled for September 10, 2025, from 14:00 to 17:00 at LSEG's Singapore office [3]. - The agenda includes a welcome address, discussions on crude oil market challenges and opportunities, and the impact of U.S. tariffs on the Asian petrochemical industry [4][5]. Group 3: Expert Participation - Key speakers include Victor Rubtsov, Emril Jamil, and Sok Peng Chua, who will provide insights on market trends and the implications of geopolitical events on the oil and petrochemical markets [9]. - The seminar will also feature discussions on the opening process of China's futures market and opportunities for foreign investors [6].