International

Fintech / Regtech

BIS Innovation Hub Sets Out 2021 Work Programme

By Manesh Samtani | 24/01/2021

Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.

AML / KYC

Financial Crime 2021: Digital ID, Due Diligence, Sanctions

By Editors | 21/01/2021

Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

ESG / Sustainability

FSB Publishes Work Programme for Year Ahead

By Editors | 20/01/2021

The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.

Market Infrastructure

Clearinghouses Consider Early LIBOR Switch for Derivatives – Report

By Editors | 20/01/2021

LCH and CME Group could carry out a switchover in late November or early December for LIBOR derivatives to protect from tight liquidity in the benchmark’s final days.

AML / KYC

GLEIF Enhances LEI Search Engine, Automates Access to LEI Data

By Editors | 19/01/2021

A new API enables third-party developers to automate searches and retrieve higher quality LEI data from within their application environments.

Market Infrastructure

ISDA Urges Adherence to IBOR Fallbacks Protocol

By Editors | 17/01/2021

Over 5,900 entities in 70 jurisdictions have adhered to the protocol, which is intended as a safety net to mitigate the systemic impact of an IBOR cessation.

Big Picture

Covid-19 Has Changed the Cyber Threat Landscape: BIS

By Manesh Samtani | 15/01/2021

During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.

Big Picture

Calls to Recalibrate CCP Margin Models Are Misplaced: WFE

By Editors | 14/01/2021

The procyclicality of initial margin models is a property of the system as a whole and so requires system-wide solutions, the WFE says in a new paper.

ESG / Sustainability

2021’s ESG Regulatory and Legislative Changes

By ESG Investor | 14/01/2021

Ahead of COP26 in November, a plethora of regulatory and legislative changes as well as industry-level initiatives will drastically impact the ESG investing space.