International

Market Infrastructure

FSB Chair Sets Out Focus for Saudi G20 Presidency

By Editors | 21/02/2020

The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.

Capital / Liquidity

ISDA Publishes Uncleared Margin Implementation Project Checklist

By Editors | 21/02/2020

The checklist is suggested as a resource guide to highlight key implementation considerations for entities expecting to come into scope in September.

AML / KYC

Huawei Alleges HSBC Continued Evading Sanctions After 2012 DPA

By Editors | 20/02/2020

HSBC continued to evade Iran sanctions after its 2012 deferred prosecution agreement with the US Department of Justice, Huawei lawyers say in a letter to a New York District Court.

Big Picture

OECD Warns of Global Debt Pileup from Corporate Bonds

By Editors | 19/02/2020

High leverage in the corporate sector make it essential to improve the ability of equity markets to strengthen corporate balance sheets and support long-term investments.

Capital / Liquidity

JBA Rebuts BCBS Proposal on Sovereign Exposure Disclosures

By Manesh Samtani | 18/02/2020

The JBA said the BCBS should focus on ensuring full, timely and consistent implementation of Basel III reforms, rather than setting “fragmentary voluntary add-ons”.

Big Picture

CCP12 Highlights Remaining Transparency Issues in OTC Derivatives

By Editors | 17/02/2020

A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.

AML / KYC

OFAC Quietly Blocks Payments with Indirect Links to North Korea – Report

By Editors | 14/02/2020

In private communications with banks, OFAC has been blocking usually-permissible payments with any overseas account that officials believe separately handled funds for North Korea.

Big Picture

DTCC Calls For Coordinated Effort on DLT Security Framework

By Editors | 14/02/2020

DTCC is calling for a cross-sectoral, coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.

Capital / Liquidity

Better Supervision Associated with Lower Operational Risk: BIS Paper

By Manesh Samtani | 14/02/2020

Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.