BIG PICTURE

    Big Picture

    CBDCs Present Central Banks with Risk-Benefit Trade-off: Fitch

    By Sanday Chongo Kabange | 20/05/2021

    The potential for funds to move quickly into CBDC accounts could cause credit strains in some banks and push up interest rates.

    Market Infrastructure

    ICMA Publishes ‘Success Criteria’ for Sustainable Finance Taxonomies

    By Editors | 20/05/2021

    ICMA compares the main features and methodologies of official taxonomies and provides five success criteria for use in benchmarking.

    Big Picture

    Conduct Risk Management Shifts to ‘Predict and Prevent’ Approach

    By Manesh Samtani | 18/05/2021

    In its annual Compendium on culture and conduct risk supervision, Starling highlights a shift from ‘detect and correct’ to ‘predict and prevent’.

    Big Picture

    SWIFT, Accenture Explore Real-world Implications of CBDCs

    By Sanday Chongo Kabange | 13/05/2021

    SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

    Capital / Liquidity

    Resolution Authorities Should Have Operational Independence: BIS

    By Ranamita Chakraborty | 12/05/2021

    The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.

    Big Picture

    How Derivatives Exchanges Can Promote Sustainable Development

    By Ranamita Chakraborty | 11/05/2021

    A new report from the WFE and the UN’s SSE Initiative offers guidance on how derivatives exchanges can facilitate the sustainability transition.

    Big Picture

    WEF Publishes Report Outlining Capital Market Use Cases of DLT

    By Sanday Chongo Kabange | 10/05/2021

    The report calls for a balance between innovation and market safeguards through standardisation, the breaking down of silos and regulatory engagement.

    Big Picture

    Industry Body Outlines Best Practices in CCP Credit Risk Management

    By Editors | 08/05/2021

    The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.

    Big Picture

    FMSB Publishes Final Standard on Execution of Large Trades

    By Editors | 07/05/2021

    The Standard establishes principles for how dealers should behave when executing large trades to mitigate market impacts, conduct risks and conflicts of interest.

    Fintech / Regtech

    Electronic Transactions Association Offers CBDC Guidelines

    By Sanday Chongo Kabange | 07/05/2021

    The trade association says governments should carefully consider 7 guiding principles when considering the introduction of a CBDC.

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