BIG PICTURE

Big Picture

Australia Super Industry Calls for Better Cybersecurity Standards

By Ranamita Chakraborty | 16/02/2021

The industry is overwhelmingly in favour of introducing baseline cybersecurity standards and improving the regulatory framework to address industry-specific risks.

Big Picture

IOSCO Reviews Impact of Govt Support on Credit Ratings

By Editors | 15/02/2021

Government support measures played a “significant role” in alleviating the downward pressure on credit ratings, IOSCO found in its review.

Market Infrastructure

G-SIBs to Spend Over $100m on IBOR Budget in 2021: EY

By Manesh Samtani | 09/02/2021

Banks of all sizes felt most of their budget would be spent on technology, followed by legal contract repapering. A shortage of legal resources remains a clear risk.

Big Picture

Australian Financial System Remains Fundamentally Sound: APRA

By Editors | 07/02/2021

APRA chair Wayne Byres says the banking, insurance and superannuation sectors were able to act as shock absorbers for the rest of the economy amid the Covid-19 pandemic.

Capital / Liquidity

HK Bank Profitability Suffers, Loan Quality Deteriorates

By Editors | 04/02/2021

HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.

Big Picture

Industry Taskforce Publishes Blueprint for Creating Carbon Market

By Editors | 02/02/2021

The blueprint comprises 20 tangible actions to deliver a large-scale, voluntary carbon market and a roadmap for implementation.

Big Picture

Asset Price Correction Could Jeopardise Financial Stability: IMF

By Editors | 31/01/2021

Policymakers should be prepared for the risks of a market correction as complacent investors bet on continued policy support and drive up valuations, the IMF warns.

Big Picture

More Central Banks Advancing CBDC Work: BIS Report

By Manesh Samtani | 29/01/2021

CBDCs need to be linked to a digital identity in order to be useful in achieving financial inclusion, said BIS general manager Agustín Carstens.

Big Picture

BigTechs in Finance Needs More Comprehensive Regulatory Approach

By Manesh Samtani | 28/01/2021

Rules for designating financial institutions as systemically important should be redefined so they can be applied to BigTech entities, says Agustín Carstens.