International

Big Picture

BIS Turns Attention to Practical Issues of Retail CBDC

By Editors | 30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

Capital / Liquidity

BCBS Publishes Latest Basel III Monitoring Report

By Editors | 30/09/2021

Seven Group 1 banks had an LCR below 100%, reflecting the use of LCR reserves during the Covid-19 pandemic, as intended by the framework, the report says.

Market Infrastructure

ISDA to Change BSBY, Ameribor Fallback Language

By Manesh Samtani | 30/09/2021

The FCA said the current fallback language for credit sensitive rates puts market participants at risk of breaching their obligations under BMR.

Market Infrastructure

FCA Consults on Permitted Use of Synthetic LIBOR Rates

By Manesh Samtani | 29/09/2021

The FCA proposes to permit legacy use of synthetic GBP and JPY LIBOR in all contracts except cleared derivatives for the duration of 2022.

Fintech / Regtech

Entity-based Regulation Needed to Address Bigtech Risks: BIS

By Manesh Samtani | 29/09/2021

China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.

Big Picture

OECD Calls on Financial Sector to Bolster Trust in AI

By Sanday Chongo Kabange | 29/09/2021

A new OECD report identifies four determinants of trustworthy AI in the financial sector – transparency, fairness, data governance and accountability.

Market Infrastructure

FIs Increasingly Sharing Data to Prevent, Mitigate Cyberattacks

By Sanday Chongo Kabange | 28/09/2021

Global cyber intelligence sharing among financial institutions increased 60 percent in the past year, driven by supply chain and ransomware threats.

Market Infrastructure

ANNA Service Bureau Receives Infrastructure Upgrade

By Editors | 28/09/2021

The enhancements will provide more effective tools for data management, including streamlined data processing and improved communication between contributors.

AML / KYC

Crypto Should Re-examine Relationship with Regulators, and Vice Versa

By Andy Meehan | 25/09/2021

Andy Meehan says greater collaboration is needed between industry players and regulators to advance ‘sensible’ regulation and ensure the public is properly educated.