BIG PICTURE

Big Picture

BCBS Expresses Concerns About Credit Risk Uncertainty

By Sanday Chongo Kabange | 07/03/2022

Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.

AML / KYC

GCFFC Offers Recommendations on Improving FATF Mutual Evaluations

By Manesh Samtani | 03/03/2022

Mutual evaluations also do not adequately take into account threat, materiality, and contextual factors. The FATF should promote the use of PPPs and data sharing.

Big Picture

GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs

By Editors | 23/02/2022

A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.

AML / KYC

Tax Justice Network: Measures to Address Complex Ownership

By Manesh Samtani | 21/02/2022

Countries should ‘name and shame’ companies with highly complex ownership structures and consider forcing ‘too complex to fail’ companies to simplify.

Big Picture

HKCERT Warns of Information Security Risks in 2022

By Editors | 18/02/2022

NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.

Fintech / Regtech

IMF Paper Offers Insights from Six CBDC Pioneer Projects

By Sanday Chongo Kabange | 15/02/2022

A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.

Big Picture

Capital Controls Slowing Down Cross-Border Payments: CPMI

By Sanday Chongo Kabange | 13/02/2022

Using SWIFT gpi datasets, CPMI identified capital controls, longer bank offline hours, and batch processing as factors that slow down cross-border payments.

Big Picture

Banks with Shadow Loans Face Higher Funding Costs

By Sanday Chongo Kabange | 10/02/2022

A new BIS paper finds that banks with high shadow loans face higher funding costs in the wholesale market and witness lower returns during market stress.

AML / KYC

Wash Trading Undermines Trust in NFT Markets: Report

By Manesh Samtani | 10/02/2022

Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.