BIG PICTURE

Big Picture

S&P Upgrades Philippine Banking System Following New BSP Charter

By Editors | 04/03/2019

The new charter bolsters the BSP’s powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system’s interconnectedness.

Capital / Liquidity

More CCP Capital Leads to More Prudent Risk Management – BIS Paper

By Manesh Samtani | 26/02/2019

For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.

Capital / Liquidity

UOB, OCBC, DBS to Face Challenging Year Ahead – Moody’s

By Editors | 26/02/2019

Singapore’s three largest banks will face greater asset risks and stagnation of net interest margins in 2019, making it a difficult year ahead for profitability, according to Moody’s Investors Service.

Capital / Liquidity

Australian Financial Sector Needs Stronger Systemic Risk Oversight – IMF

By Editors | 26/02/2019

Among other findings, the report notes the need for additional investment in data and analytical tools to strengthen prudential supervision and systemic risk oversight.

AML / KYC

Data Privacy, Cybersecurity, Conduct in Focus in APAC

By Manesh Samtani | 14/02/2019

Data privacy, conduct & culture, cybersecurity and AML will be in focus in APAC for the next three years, according to a new report from Fenergo.

Big Picture

Board, Compliance Engagement Lacking in Technology Adoption

By Manesh Samtani | 07/02/2019

Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.

Capital / Liquidity

G-SIB Framework Meeting its Objectives – BCBS

By Editors | 06/02/2019

The analysis supports the view that the G-SIB framework is incentivising G-SIBs to become less systemically important. Non-GIBs are showing an increase in relative importance.

Big Picture

Non-bank Financial Intermediation Grows for Sixth Year – FSB 

By Editors | 06/02/2019

Leveraged finance markets have exceeded pre-crisis highs, attracting attention from regulators, with non-banks increasingly providing a large share of the financing.

Market Infrastructure

Regulatory Fragmentation Heightens Derivatives Market Risk – ISDA

By Manesh Samtani | 31/01/2019

Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.