International

Big Picture

Central Banks Must Target Global Supply Chains: Carstens

By Editors | 30/03/2020

Central banks need to channel their US dollar liquidity towards preventing global supply chains from unravelling, says BIS general manager Agustín Carstens.

Capital / Liquidity

Basel III Implementation Timelines Deferred in Response to Covid-19

By Editors | 28/03/2020

The implementation date of the outstanding Basel III standards will be deferred by one year to 1 January 2023 to free up operational capacity for banks and supervisors.

Market Infrastructure

ISDA Calls for Delay to Initial Margin Deadlines

By Editors | 26/03/2020

Without a delay, smaller entities will almost certainly be shut out of the derivatives market, denying them the ability to manage risk when they need it most, says ISDA chief Scott O’Malia.

Fintech / Regtech

Securities Market Principles Can Be Applied to Stablecoins: IOSCO

By Editors | 25/03/2020

Preliminary analysis concludes that the Principles for Financial Market Infrastructures could apply to the global stablecoin arrangements, among other principles and standards.

AML / KYC

Holding the Line on Ultimate Beneficial Ownership

By Manesh Samtani | 24/03/2020

Financial institutions need to ensure that UBO information on customers is complete and accurate, but this is only half the battle, says Refinitiv’s Phillip Malcolm.

AML / KYC

Moving to a Continuous KYC Process

By Greg Watson | 23/03/2020

Greg Watson discusses how to streamline KYC reviews and move from regular 1-3-5 year reviews to perpetual KYC, managed-by-exception.

Capital / Liquidity

BCBS, FSB Support Use of Capital, Liquidity Buffers to Maintain Stability

By Editors | 22/03/2020

Using capital resources to support the real economy and absorb losses should take priority over discretionary distributions. HQLA stocks should be used to meet liquidity demands.

Market Infrastructure

SWIFT Defers ISO 20022 Start Date for Cross-border Payments

By Editors | 18/03/2020

ISO 20022 messages for cross-border payments and cash reporting businesses will start from end 2022 instead of November 2021 as originally planned.

ESG / Sustainability

A Review of Post-GFC Regulatory Approaches to Bank Boards

By Editors | 18/03/2020

Of the 19 jurisdictions surveyed, all prescribe ‘fit and proper’ criteria to assess bank board members, however some authorities have no regulatory powers to approve their appointments.