Big Picture

Non-bank financial intermediation posing bank-like financial stability risks grew by 1.7% in 2018, significantly slower than the 2012-2017 average annual growth rate of 8.5%.

To reap the benefits of new technologies to develop markets and expand financial inclusion, the security of information and communications technologies must be ensured.

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.

New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.

The BMR transition period is now scheduled to end alongside LIBOR's discontinuation, creating a "perfect storm" of regulatory change for benchmark administrators and users at end-2021.

Despite Australia having everything needed to be a global RegTech leader, mainstream adoption is being stymied by an equity gap, says new research from the RegTech Association.

Geopolitical risk & trade tensions was cited as the top overall risk for 2020 in DTCC's annual Systemic Risk Barometer Survey, though cyber was cited more frequently as a 'top 5 risk'.

While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.