BIG PICTURE

Capital / Liquidity

China’s Ability to Support Big Six Banks is ‘Constrained’: Fitch

By Editors | 17/04/2024

The large size of China’s banking sector and the number of D-SIBs constrain the government’s ability to support the sector, Fitch Ratings said.

Crypto / Digital Assets

ESMA Examines Crypto Risks Ahead of MiCA Implementation

By Nithya Subramanian | 12/04/2024

ESMA warns of concentration risks and inadequate transparency, but says MiCA will help address such issues.

Crypto / Digital Assets

Consumers Value Privacy Over Safety When Considering a CBDC: RBA

By Editors | 12/04/2024

Consumers attach no value to the added safety of a CBDC, or the fact that it would be issued by the RBA, as bank deposits are already considered safe.

Big Picture

Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns

By Manesh Samtani | 11/04/2024

This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.

Big Picture

BIS Paper Calls for Global Consistency in Stablecoin Regulation

By Manesh Samtani | 11/04/2024

Despite commonalities in the regulatory efforts across jurisdictions, the regulatory landscape remains “diverse and fragmented”, the paper says.

Capital / Liquidity

Bank Capital Rules Are Holding Back Transition: Study

By ESG Investor | 05/04/2024

EBA analysis found that the models used by banks produce a lower risk rating for high carbon than low carbon sectors.

Big Picture

Industry Bodies Push Back Against BCBS Crypto Treatment

By Manesh Samtani | 04/04/2024

ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.

AML / KYC

Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

By Manesh Samtani | 30/03/2024

New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

Crypto / Digital Assets

UK Proposes Two New Use Cases for Fund Tokenisation

By Manesh Samtani | 29/03/2024

Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.