International

Big Picture

Financial System Still Vulnerable in Recovery: FSB Chair

By Manesh Samtani | 15/07/2020

Funding markets remain at risk of liquidity stress, volatility in markets may return, and assets are at risk of a “sudden and sharp” repricing.

AML / KYC

Sustainable Supply Chains and the Role Banks Play

By Editors | 14/07/2020

Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.

Big Picture

CPMI Publishes Stage 2 Report on Enhancing Cross-Border Payments

By Editors | 14/07/2020

The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.

Market Infrastructure

FSB, BCBS Suggest Supervisory Action for Slow LIBOR Work

By Manesh Samtani | 09/07/2020

The available supervisory tools to accelerate transition at banks could include ad-hoc regulatory capital add-ons, administrative sanctions or other legal actions.

AML / KYC

Revised FATF Standards ‘Clearly Apply’ to Stablecoins

By Editors | 09/07/2020

Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.

Capital / Liquidity

BCBS Finalises Targeted Revisions to CVA Risk Framework

By Editors | 08/07/2020

Completion of the final adjustments to the CVA framework represents the conclusion of outstanding policy work related to the Basel III framework.

AML / KYC

FATF Highlights Progress to Adopt AML Standards for Virtual Assets

By Manesh Samtani | 08/07/2020

35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.

AML / KYC

Using Privacy Preserving Analysis to Tackle Financial Crime

By Manesh Samtani | 07/07/2020

Privacy enhancing technologies, or PETs, may provide a “similar or, even, identical utility” compared to analysis of the raw data in some use-cases, says an FFIS paper.

Market Infrastructure

Singapore Regulator Raises Concerns Over LSEG-Refinitiv Deal

By Editors | 06/07/2020

Singapore’s competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.