International

The principles aim to increase bank resilience to operational risk shocks, such as those arising from pandemics, cyber incidents, technology failures and natural disasters.

Interpol warns that a further increase in cybercrime is highly likely in the near future, citing vulnerabilities related to working from home.

March and April volatility exposed operational inefficiencies for trading counterparties that have yet to automate their collateral management processes, says DTCC's Purtini Joshi.

The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.

The Cambridge Centre for Alternative Finance, World Bank Group and World Economic Forum are calling for input on the impacts of Covid-19 on the fintech industry.

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.

To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.

The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.

The indicator is intended to help derivatives market participants keep tabs on progress to shift to risk-free rates ahead of the end of 2021, when LIBOR is due to be discontinued.