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Big Picture
Higher Skin-in-the-game Linked to Lower CCP Model Risk
By Editors | 27/05/2020
A new BIS paper finds that a higher amount of CCP skin-in-the-game is associated with more careful risk modelling and less frequent margin breaches.
AML / KYC
Are Criminals Winning at Covid-19? Not Without a Fight
By Editors | 27/05/2020
Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.
Market Infrastructure
Financial Sector Suffers More Cyber Attacks Than Any Other Sector
By Editors | 21/05/2020
But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.
Market Infrastructure
DTCC Explores Further Digitalisation in Public & Private Markets
By Editors | 19/05/2020
Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.
AML / KYC
Companies Not Protecting Against Third Party Risk: Refinitiv
By Editors | 18/05/2020
43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.
AML / KYC
FSI Takes Stock of Official Sector Response to Rising Financial Crime
By Manesh Samtani | 17/05/2020
There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.
Fintech / Regtech
Temasek Joins Libra Association as First Asia Pacific Backer
By Editors | 17/05/2020
Temasek’s participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
Market Infrastructure
CCP Margin Models May Need Fine-tuning: BIS Paper
By Editors | 15/05/2020
Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.
Big Picture
BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks
By Manesh Samtani | 14/05/2020
More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.
AML / KYC
Industry Bodies Publish New Messaging Standard for Virtual Assets
By Editors | 13/05/2020
The messaging standard is aimed at helping virtual asset service providers comply with FATF requirements to collect and transfer originator and beneficiary information.
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