International

Market Infrastructure

FIs Team Up to Accelerate Coal Plant Closures in APAC

By Editors | 05/08/2021

Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.

Fintech / Regtech

New BIS Paper Calls for Concrete Guidance on AI

By Sanday Chongo Kabange | 04/08/2021

Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.

Securities / Derivatives

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

By Editors | 02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Market Infrastructure

SWIFT Launches Instant Cross-border Payments for SME, Retail

By Editors | 02/08/2021

Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

Market Infrastructure

Family Offices Should Start Behaving Like Regulated Entities

By Marie Gervacio | 30/07/2021

Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.

Securities / Derivatives

Independent Report Finds Risk Control Failures at Credit Suisse

By Sanday Chongo Kabange | 30/07/2021

The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.

Market Infrastructure

Culture & Conduct Risk: The Normalization of Deviance

By Stephen Scott | 29/07/2021

Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling’s Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.

Market Infrastructure

BIS, MAS Set Out Blueprint for Cross-border Payments

By Ranamita Chakraborty | 29/07/2021

BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

Big Picture

FRTB May Constrain Growth of Carbon Trading Market

By Manesh Samtani | 28/07/2021

ISDA suggests in a new paper that the risk weight for carbon certificates under FRTB should be reduced and the tenor correlation parameter should be increased.