International

Big Picture

BIS Calls for Interoperability in Global Payment Systems

By Sanday Chongo Kabange | 14/12/2021

Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.

Market Infrastructure

CPMI to Define Service Level Template for Cross-border Payments

By Editors | 13/12/2021

Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.

AML / KYC

FATF Calls for Global Action on Environmental Crime

By Editors | 13/12/2021

For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.

AML / KYC

US Treasury Targets Human Trafficking in Updated Action Plan

By Mark Johnston | 12/12/2021

Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.

Fintech / Regtech

BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment

By Manesh Samtani | 12/12/2021

The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.

Press Release

Regulation Asia Awards for Excellence 2021 – Results Announcement

By Editors | 10/12/2021

Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.

Press Release

TriOptima Awarded Best Solution in Initial Margin Compliance

By Editors | 10/12/2021

TriOptima provides full support for initial margin compliance, including IM calculation, back-testing, margin workflow automation, collateral settlement and reconciliation.

Market Infrastructure

IMF Calls on FSB to Create Global Regulatory Framework for Crypto

By Manesh Samtani | 10/12/2021

The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.

Big Picture

Cyber Risk Seen as Top Threat to Financial Markets: DTCC

By Editors | 08/12/2021

Cyber risk, pandemic, and geopolitical risk cited as the top threats to financial markets, but climate change and inflation are gaining pace.