International

Market Infrastructure

FMSB Offers Guidance on Transitioning LIBOR Back Book

By Manesh Samtani | 20/04/2021

The Spotlight Review examines back book transition complexities through practical case studies and sets out key considerations for managing the associated risks.

Market Infrastructure

BCBS to Discuss Archegos Collapse, Total Return Swaps

By Sanday Chongo Kabange | 20/04/2021

The BCBS will intensify scrutiny of structured financial products and total return swaps, according to Secretary General Carolyn Rogers.

Securities / Derivatives

ISDA to Consolidate Interest Rate Derivatives Definitional Book

By Editors | 20/04/2021

The new 2021 ISDA Interest Rate Derivatives Definitions will be published on 17 May, with target implementation scheduled for October.

Capital / Liquidity

BCBS Outlines Work Priorities for 2021-2022

By Editors | 19/04/2021

Priorities include ongoing Covid-19, digitalisation, climate risk, AI/machine learning, data and technology governance and operational resilience.

AML / KYC

US Sanctions Russia Over Election Interference, Cyber Attack

By Manesh Samtani | 16/04/2021

US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.

ESG / Sustainability

Basel Committee Calls for Adaption to Climate Risks

By ESG Investor | 14/04/2021

Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

AML / KYC

Digital ID Perceived As Beneficial in Combatting Financial Crime

By Manesh Samtani | 14/04/2021

Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.

Big Picture

The ESG Interview: Making Climate Data Comparable

By ESG Investor | 14/04/2021

IOSCO Chair Ashley Alder believes we’re in sight of “a real step change” in sustainability reporting, writes Chris Hall at ESG Investor.

Securities / Derivatives

FSB Issues Guidance on Implementing SFT Data Standards

By Editors | 13/04/2021

The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.