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Big Picture

RBNZ Issues Response to Banking Competition Study

By Mark Johnston | 25/04/2024

The RBNZ disagrees with a Commerce Commission recommendation that the prudential capital settings for banks should be reviewed.

Fintech / Regtech

CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA

By Manesh Samtani | 25/04/2024

FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.

Big Picture

RBA Offers Analysis on Interlinking Fast Payment Systems

By Mark Johnston | 25/04/2024

The RBA’s analysis aims to inform future discussions about the potential for interlinking the NPP to fast payment systems in other countries.

Sanctions

Data is Key to Making Sanctions Work – RUSI Report

By Editors | 23/04/2024

Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.

Big Picture

BIS Outlines Vision for Future Financial System, Called “Finternet”

By Manesh Samtani | 23/04/2024

The “Finternet” would enable multiple financial ecosystems to interconnect with each other, like the internet, using technologies such as tokenisation and unified ledgers.

ESG / Sustainability

ISDA Offers Recommendations to Address Greenwashing in VCMs

By Editors | 21/04/2024

Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.

Big Picture

ISDA Offers Guidance on Using GenAI in Derivatives Markets

By Manesh Samtani | 19/04/2024

The report identifies use cases for GenAI in the OTC derivatives market, and explores regulatory issues, challenges and risks.

Big Picture

Supervisors Need to Improve Collaboration With Private Sector

By Manesh Samtani | 17/04/2024

Cecilia Skingsley said central bankers and supervisors need to be more transparent with SupTech vendors and simplify procurement processes.

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.