Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.
It aims to show where sanctions screening can be an effective part of a wider sanctions compliance programme, where it has limitations, and where a risk based approach is appropriate.
The 'US Dollar ICE Bank Yield Index' is fully transaction-based and designed to measure the yields at which investors are willing to invest US dollar funds on a wholesale, unsecured basis.
Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.
The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.
Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.
Based on a review initiated in 2017, the Basel Committee says its 2008 Principles for Sound Liquidity Risk Management Supervision remain fit for purpose, while warning of risks ahead.
In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.
The FICC Markets Standards Board has published the final version of its Statement of Good Practice on suspicious transaction and order reporting.
The final revisions to the market risk framework reduces the amount of total market risk capital for banks' trading books by almost half compared to the 2016 version.