International

AML / KYC

OECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’

By Editors | 02/12/2019

Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.

Capital / Liquidity

BCBS Proposes Revisions to Basel III CVA Risk Framework

By Editors | 29/11/2019

The proposed revisions aim to align the CVA framework with the final market risk framework, and to adjust the scope of portfolios subject to CVA risk capital requirements.

Capital / Liquidity

BCBS Issues Guidance on Sectoral Countercyclical Capital Buffer

By Editors | 28/11/2019

The SCCyB is a targeted tool that national authorities can use to temporarily impose additional capital requirements that directly address the build-up of risks in a specific sector.

Capital / Liquidity

Banking Supervisors Support Proportionality in Basel Implementation

By Editors | 27/11/2019

A proportionate regulatory framework should not reduce the resilience of banks or dilute the prudential regulatory framework.

AML / KYC

FATF to Develop Guidance on Disrupting Illegal Wildlife Trade

By Editors | 26/11/2019

Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.

Capital / Liquidity

FSB Adds Toronto Dominion to G-SIBs List

By Editors | 23/11/2019

The addition of Toronto Dominion to the list brings the overall number of G-SIBs from 29 to 30. Deutsche Bank was moved to a lower bucket within the list.

Market Infrastructure

FSB Urges ISDA to Embed LIBOR Pre-Cessation Trigger in Definitions

By Garima Chitkara | 21/11/2019

The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.

Market Infrastructure

EP Association Adopts 4th Iteration of ‘Equator Principles’

By Editors | 21/11/2019

DBS becomes the newest of 101 financial institutions to adopt the ‘Equator Principles’, a globally recognised framework for determining, assessing and managing environment and social risk in project finance.

Fintech / Regtech

BCBS Examines Evolution, Risks of Open Banking

By Editors | 20/11/2019

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.