International

Capital / Liquidity

BCBS Issues Report on Pillar 2 Supervisory Review Practices

By Editors | 24/06/2019

The report describes the key concepts of Pillar 2 and the different practices in use across Basel Committee member jurisdictions.

AML / KYC

Hong Kong AML/CFT Regime Under FATF Spotlight

By Ralph Cunningham | 24/06/2019

The report on the APG-FATF joint assessment is expected to be published in September, and show that Hong Kong still has some work to do.

AML / KYC

FATF Adopts Global AML/CTF Standards for Crypto Activity

By Manesh Samtani | 24/06/2019

The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.

Capital / Liquidity

BCBS Agrees to Revise Leverage Ratio, Disclosure Requirements

By Editors | 21/06/2019

Margin received from clients allowed to offset cleared derivatives exposure used to calculate leverage ratio. New disclosure requirements will address leverage ratio window dressing.

Market Infrastructure

FMSB Issues Draft Good Practice Statements on Conflicts of Interest

By Editors | 21/06/2019

The FICC Markets Standards Board provides new guidance to help market participants identify, prevent, manage and mitigate conflicts of interest.

Enforcement

US SEC Charges Five Asian Traders for Market Manipulation

By Editors | 21/06/2019

The SEC has charged three Malaysians, one Singaporean and one Chinese national with violating antifraud and market manipulation provisions.

Market Infrastructure

IOSCO Urges Members to Review, Enhance Cyber Standards

By Editors | 19/06/2019

A new report from the IOSCO Cyber Task Force provides an overview of three internationally recognised cyber standards and frameworks used by IOSCO members.

Market Infrastructure

ISDA Calls for Consistency in Implementation of Margin Rules

By Manesh Samtani | 18/06/2019

In order to maximise efficiency, minimise risk and reduce market fragmentation, national regulators must strive for harmonised margin requirements across the globe, ISDA says.

Market Infrastructure

Banks Making Progress on Compensation Practices: FSB

By Editors | 18/06/2019

Most banks now have compensation policies in place that reduce the potential for inappropriate risk-taking. The challenge now is to develop frameworks for assessing their effectiveness.