A recent IMFBlog post suggests policymakers and regulators are still unprepared to confront the stark moral and economic dilemmas in handling bank failures.
Intense geopolitical rivalries and new technologies threaten a new Cold War by enabling weaponisation of the international payment system and disruption of the international financial order.
New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan's FSA and Hong Kong's SFC to press for formal clarification on application of cross-border information sharing exemptions.
It’s impossible to separate Deutsche Bank’s ongoing regulatory compliance shortcomings from its business exigencies. The recent and unusual censure from the Federal Reserve highlights the bank’s inexorable pressures.
Extreme risk scenario threatening financial stability characterised by increases in attack frequency and interdependence, or occurrence of large magnitude events.
Joint report from ISDA, AFME, ICMA and SIFMA shows almost 90% of respondents concerned about exposure to interbank offer rates; close to 80% looking to transition away in the next four years.
BIS warns of changing bank business models that has increased the market share and interlinkages among non-bank firms, especially asset management firms that are increasingly vulnerable to interest rate and redemption risks.
Progress report shows only only three G-SIBs have achieved full compliance with Principles for effective risk data aggregation and reporting; complexity and interdependence of IT improvement projects cited as main challenges.
The Code includes commitment to comply with standing laws and regulations, ensure appropriate systems and processes, and treat customers and their assets fairly.
The six month transition period put in place in December 2017 to allow firms to obtain LEIs to comply with MIFID will end on 2 July 2018, as ESMA rules out any extensions in a new statement.
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