BIG PICTURE

Big Picture

Financial System Still Vulnerable in Recovery: FSB Chair

By Manesh Samtani | 15/07/2020

Funding markets remain at risk of liquidity stress, volatility in markets may return, and assets are at risk of a “sudden and sharp” repricing.

Big Picture

CPMI Publishes Stage 2 Report on Enhancing Cross-Border Payments

By Editors | 14/07/2020

The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.

AML / KYC

Using Privacy Preserving Analysis to Tackle Financial Crime

By Manesh Samtani | 07/07/2020

Privacy enhancing technologies, or PETs, may provide a “similar or, even, identical utility” compared to analysis of the raw data in some use-cases, says an FFIS paper.

Big Picture

Virtual Banks Could Shake Up Funds Industry – Report

By Editors | 03/07/2020

Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.

Market Infrastructure

Covid-19 Liquidity Issues to Morph into Solvency Threat: BIS

By Manesh Samtani | 30/06/2020

Once the acute illiquidity phase of the crisis passes and insolvency problems emerge, the onus of crisis management will shift from central banks to fiscal authorities.

Big Picture

FSB Evaluates Efficacy of Too-big-to-fail Reforms

By Editors | 29/06/2020

The evaluation found that the TBTF reforms have made indeed banks more resilient and resolvable, but barriers to bank resolvability still need to be addressed.

Market Infrastructure

CBDCs Could Amount to ‘Sea Change’ for Payments: BIS

By Manesh Samtani | 24/06/2020

Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.

Big Picture

FMSB Offers Guidance on LIBOR Transition Conduct Risks

By Editors | 11/06/2020

Uncertainties associated with the transition may make it harder for firms to identify how to treat their customers fairly, and to demonstrate that they have done so, the FMSB says.

Securities / Derivatives

Regulatory Change a Challenge for Hong Kong Fund Managers

By Editors | 10/06/2020

Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.