International

Capital / Liquidity

Banks Facing FRTB Data and Modeling Difficulties

By Editors | 17/03/2021

Data was the number one challenge identified for FRTB implementation, with 59% of 131 respondents to a Bloomberg poll citing it as their main challenge.

Big Picture

BIS Paper Offers Policy Options for Regulating Bigtech

By Manesh Samtani | 17/03/2021

Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.

Big Picture

DTCC Proposes Plan to Harmonise Global Trade Reporting

By Manesh Samtani | 17/03/2021

DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.

Securities / Derivatives

Global ESG Investing Qualification Launched by CFA Institute

By ESG Investor | 15/03/2021

Originally created by the CFA Society of the UK, the Certificate in ESG Investing will now be made available in financial hubs globally.

Market Infrastructure

SWIFT to Launch Enhanced Platform in November 2022

By Editors | 14/03/2021

The first release of the enhanced platform will go live in November 2022, supporting MT messaging and ISO 20022, while also allowing connections via APIs.

Capital / Liquidity

Dividend Restrictions Effective at Increasing Lending Capacity: BIS

By Manesh Samtani | 14/03/2021

Restrictions on capital distributions in the initial phase of the Covid crisis were effective in increasing bank lending, says new analysis from the BIS.

AML / KYC

FATF, Egmont Group Identify 35 Indicators of TBML Risk

By Manesh Samtani | 14/03/2021

The indicators are grouped into four categories: the structure of the business, trade activity, trade documents and commodities, and account and transaction activity.

AML / KYC

Addressing Financial Crime Through Data-driven Compliance

By Heather Lee | 13/03/2021

Given the rapid growth of digital technologies in financial services, the most effective way to defeat financial criminals today is to ‘follow the data’, says SWIFT’s Heather Lee.

AML / KYC

GLEIF to Accelerate the LEI Integration in Digital Certificates

By Editors | 11/03/2021

GLEIF will work with Certification Authorities and Trust Service Providers to develop and promote best practices for the use of LEIs in digital certificates.