Big Picture

There is an urgent need for all jurisdictions to take coordinated action to prevent the use of virtual assets for crime and terrorism, the FATF said.

Chinese banks have the lowest ratio of problems loans among BRICS nations, whereas Indian banks suffer from weak asset quality and profitability.

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the "single most important risk mitigation tool in derivatives markets".

Moody's says problem loan coverage has improved for many APAC banks, offsetting overall declines in CET1 ratios as a result of IFRS 9.

Coming into force next year, the Payment Services Bill will require e-wallet operators to ring-fence wallet funds from lending activities, a move Moody's says will benefit banks.

New ASIFMA whitepaper advocates regional harmonisation of data privacy rules to facilitate continued growth of fintech ecosystems in Asia.

New paper proposes steps that can be taken now to mitigate potentially systemic consequences of the UK leaving the EU without a withdrawal agreement and transition period in place.

IMF economists urge for resistance against pressures to roll back regulation, as the post-crisis reform agenda is not yet complete and new risks continue to emerge.

A new white paper by ISDA and King & Wood Mallesons proposes a practical framework for constructing smart derivatives contracts.

An IHS Markit survey of 34 banks in North America, Europe and Australia suggests the industry needs to move more quickly to get their target risk architectures for FRTB in place by 2022.