Big Picture

The FSB found progress in OTC reform implementation on among 24 member jurisdictions, with great strides on trade reporting and higher capital on non-centrally cleared derivatives.

The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.

While long-term deleveraging and de-risking remain in place, China's authorities are likely to rely to a greater extent on public sector spending to support growth.

The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

Singapore banks face greater asset risk in 2019, with both Moody's and Fitch expecting loan growth to moderate amid worsening global conditions.

PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.

European traders will temporarily be able to use UK derivatives clearing services even without a Brexit deal in place, according to the European Commission's Valdis Dombrovskis.

A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

Basel Committee report shows limited progress in adoption of NSFR, SA-CCR, securitisation framework, and bank capital requirements for equity in funds.

Financial services offered in either a test or real environment should be governed by the same legal framework, says HKEX in a new report.