International

Capital / Liquidity

BCBS Reports Basel Adoption Progress Despite Covid Disruptions

By Sanday Chongo Kabange | 17/10/2021

All jurisdictions now have final rules in force for the CCyB, following implementation in China. Three more jurisdictions have adopted the final TLAC rules.

Fintech / Regtech

G7 Ministers Endorse Public Policy Principles for Retail CBDC

By Editors | 15/10/2021

Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.

IMF Ends Data Manipulation Probe Into Kristalina Georgieva

By Editors | 14/10/2021

The IMF’s executive board reaffirmed its “full confidence” in Georgieva after it could not “conclusively demonstrate” that she played an improper role at the World Bank.

Market Infrastructure

More Than 100 Banks Sign On to Adopt ‘SWIFT Go’

By Editors | 14/10/2021

SWIFT Go is an instant cross-border payments service for SMEs and retail customers that was launched at seven banks in July.

ESG / Sustainability

TCFD Updates Guidance, Outlines Path for Future Reporting

By ESG Investor | 14/10/2021

Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.

Market Infrastructure

Cross-border Payments Roadmap Remains Firmly on Track: FSB

By Editors | 14/10/2021

The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.

Fintech / Regtech

G7 Ministers to Endorse Guiding Principles for CBDC – Report

By Editors | 13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

Market Infrastructure

EBA Clearing, SWIFT, TCH Collaborate on Cross-Border Payments

By Mark Johnston | 12/10/2021

A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.

Market Infrastructure

FSB Reports Progress on NBFI Risks, Cross-border Payments

By Editors | 12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.