BIG PICTURE

Big Picture

Australia Funds Industry Prone to Conflicts of Interest

By Editors | 26/09/2021

A “long, complex value chain” of intermediaries between fund managers and retail investors raises the potential for conflicts of interest.

Big Picture

Industry Group Considers Options for Protecting Data at FMIs

By Editors | 23/09/2021

There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.

Capital / Liquidity

Regulatory Relief for Thai Banks to Raise Systemic Risk: S&P

By Pongnut Thanaboonchai | 22/09/2021

The average NPL ratio at Thai banks will likely rise to 6% next year, the highest level since the 2009 GFC, S&P Global Ratings says.

Big Picture

IMF Calls for Action to Boost Investment Fund Resilience

By Editors | 22/09/2021

Measures proposed in a new IMF staff paper include enhanced liquidity management tools, redemption frequency limits, and the use of swing pricing to disincentivise early exits.

AML / KYC

Basel AML Index Calls Out Ineffectiveness Across Jurisdictions

By Manesh Samtani | 21/09/2021

Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.

AML / KYC

Corruption, Bribery Seen as Key Challenges in 2020: Kroll

By Ranamita Chakraborty | 20/09/2021

A Kroll survey found that 82% of senior decision-makers for risk strategy felt corruption significantly impacted their organisations in 2020.

Big Picture

CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s

By Ranamita Chakraborty | 20/09/2021

Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.

Big Picture

Australia Can Do More to Facilitate Sustainable Recovery: OECD

By Editors | 15/09/2021

The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.

Big Picture

Exchanges Can Help Minimise Broker-Dealer Operational Risk

By Manesh Samtani | 13/09/2021

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.