International

Big Picture

BIS Paper Offers Guidance on Regulating Tech Firms

By Sanday Chongo Kabange | 26/01/2022

The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.

Fintech / Regtech

BIS Innovation Hub to Expand Work Programme in 2022

By Editors | 25/01/2022

The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.

Capital / Liquidity

FRTB Strategy Relies on Understanding Rule-making Processes

By Kishore Ramakrishnan | 25/01/2022

The key to designing a robust FRTB implementation plan lies in having a firm grasp of the local rule-making process, says Kishore Ramakrishnan.

Fintech / Regtech

Russian Central Bank Proposes to Impose Crypto Ban

By Mark Johnston | 25/01/2022

A proposed ban against investing in cryptocurrencies would also apply to institutional investors and mutual funds, the central bank says.

AML / KYC

OFAC Sanctions Ukrainian Nationals Identified as “FSB Pawns”

By Manesh Samtani | 23/01/2022

The action is separate from the “broad range of high impact measures” the US and its allies may impose if Russia invades Ukraine.

Market Infrastructure

FS-ISAC Initiative to Bolster Financial Sector Supply Chain Security

By Editors | 20/01/2022

The initiative fosters continuous collaboration and information sharing between financial institutions and critical network infrastructure and services providers.

Crypto / Digital Assets

IOSCO Calls for Greater Use of Global Supervisory Colleges

By Editors | 19/01/2022

Global supervisory colleges can help strengthen cooperation between regulators, promote information sharing, and address market fragmentation.

AML / KYC

Russia Says REvil Hacking Group Has Been Dismantled

By Sanday Chongo Kabange | 18/01/2022

Russia’s intelligence bureau raided 25 properties, detained 14 individuals, and seized cash, cryptocurrency and luxury vehicles.

Big Picture

Quantitative Easing Ineffective at Driving Firms to Invest

By Mark Johnston | 18/01/2022

Weaker firms respond to lower long-term yields by refinancing debt. Healthier firms tend to increase cash holdings and share buybacks.