BIG PICTURE

AML / KYC

EU Central Banks Making Progress in Money Laundering Fight

By Ranamita Chakraborty | 12/07/2023

The European Banking Authority (EBA) called upon EU central banks and financial regulators to do more to tackle money laundering/terrorist financing risk despite having made tangible progress through prudential supervision.

Big Picture

Collateral Use Can Introduce Financial Stability Risks: BIS Officials

By Manesh Samtani | 12/07/2023

Using collateral reduces incentives for borrower screening and monitoring and can undermine the safe haven status of government securities.

Big Picture

RBI Panel Proposes Measures to Boost Rupee Internationalisation

By Mark Johnston | 10/07/2023

The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.

AML / KYC

FATF to Bring “Fundamental Change” to Financial Crime Fight

By Karen Ng | 06/07/2023

FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.

Big Picture

Model Risk Heightened in Current Credit Environment: BCBS

By Manesh Samtani | 05/07/2023

Model and data limitations are making it more difficult for banks to capture credit quality deterioration, which may lead to higher future bank losses and capital inadequacy, the BCBS says.

Big Picture

China Pension Market Growth Depends on Regulation Reforms – Report

By Manesh Samtani | 28/06/2023

ASIFMA and KPMG said in a joint report that China’s pension system reforms will create new opportunities for global asset managers.

Crypto / Digital Assets

UK Law Commission Offers Recommendations on Digital Assets

By Manesh Samtani | 28/06/2023

The Law Commission suggests the introduction of a distinct category of personal property to better recognise and protect the unique features of digital assets.

AML / KYC

Russia Identified as “High Risk” Jurisdiction in New Report

By Manesh Samtani | 27/06/2023

AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

Big Picture

SNB Calls for Regulatory Changes to Prevent Future Banking Crises

By Mark Johnston | 23/06/2023

The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.