International

Emerging Prudential Risks

FSB Reports Progress on NBFI Risks, Cross-border Payments

By Editors | 12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

Emerging Prudential Risks

FSB Offers Policy Toolkit to Address MMF Vulnerabilities

By Manesh Samtani | 12/10/2021

Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.

Trading & Investment

IBA Publishes ‘Beta’ Rates for SOFR Interest Rate Swaps

By Editors | 11/10/2021

The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.

Nature & Biodiversity

Whole Financial System Needs to Work Against Biodiversity Risk

By ESG Investor | 11/10/2021

NGFS-INSPIRE Study Group outlines data, analytics challenges for central banks and financial supervisors.

Fraud, Scams & Cybercrime

S. Korea: Founder of Singapore Fintech Jailed for Fraud

By Editors | 11/10/2021

A South Korean court has sentenced the founder of a fintech investment firm Marvelstone Group to ten years of jail time on fraud charges.

Structural Regulation

Global Tax Reforms Finalised, Implementation Set for 2023

By Manesh Samtani | 10/10/2021

Six holdouts from July including Ireland have now joined the global agreement to introduce a 15 percent minimum corporate tax rate globally.

Stablecoins

FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

By Mark Johnston | 08/10/2021

The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

Emerging Prudential Risks

Data Gaps Initiative to Extend Past 2021: FSB, IMF

By Editors | 08/10/2021

A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.

Payments & Settlements

CPMI Calls for Solutions to Expand PvP Settlement

By Editors | 08/10/2021

Banks and fintechs are invited to share their views on potential solutions to expand PvP settlement to further mitigate FX settlement risk in global markets.