BIG PICTURE

AML / KYC

Covid-19 Forced Companies to Short-cut KYC, Due Diligence

By Ranamita Chakraborty | 13/07/2021

A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.

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Multilateral Collaboration Essential for CBDC Development

By Editors | 13/07/2021

A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.

Capital / Liquidity

‘Noisy’ Stress Tests Can Promote Risky Bank Behaviour

By Manesh Samtani | 11/07/2021

When supervisory stress tests are less accurate, capital surcharges and disclosure of outcomes can amplify risk-taking by banks, says a BIS working paper.

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Corporate Governance Policy Frameworks Need Strengthening: OECD

By Ranamita Chakraborty | 04/07/2021

The OECD says significantly fewer companies are using public equity markets, but that strengthening corporate governance policies and frameworks can help.

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Consortium Proposes to Create Impact Reporting Rules for Banks

By Editors | 01/07/2021

Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS aim to create new social and environmental impact reporting rules for banks.

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We Are Not Out of the Woods Yet: Agustín Carstens

By Manesh Samtani | 01/07/2021

While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.

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FSB Offers Policy Options to Enhance MMF Resilience

By Manesh Samtani | 01/07/2021

Requirements for MMFs could include capital buffers, higher liquidity requirements, or the removal of the stable NAV, among other options.

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Investors Call for Mandatory Climate Disclosures in Australia

By Sanday Chongo Kabange | 01/07/2021

Paper outlines suggestions for mandatory climate risk disclosures to be introduced in Australia over the next four years.

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Japan’s Amended Banking Act to Have Limited Impact: Fitch

By Ranamita Chakraborty | 30/06/2021

The amendment is expected to contribute only marginally to addressing Japanese banks’ structural profitability challenges, Fitch Ratings says.