International

Capital / Liquidity

What Happens When We Face the Next Banking Crisis?

By Peter Guy | 05/07/2018

A recent IMFBlog post suggests policymakers and regulators are still unprepared to confront the stark moral and economic dilemmas in handling bank failures.

Market Infrastructure

SWIFT and the Death of Global Financial Regulations

By Peter Guy | 02/07/2018

Intense geopolitical rivalries and new technologies threaten a new Cold War by enabling weaponisation of the international payment system and disruption of the international financial order.

AML / KYC

Non-EU Markets Regulators Seek Formal GDPR Exemptions – Report

By Manesh Samtani | 28/06/2018

New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan’s FSA and Hong Kong’s SFC to press for formal clarification on application of cross-border information sharing exemptions.

Capital / Liquidity

Deutsche Bank Pressures Tied to Regulatory Woes

By Peter Guy | 28/06/2018

It’s impossible to separate Deutsche Bank’s ongoing regulatory compliance shortcomings from its business exigencies. The recent and unusual censure from the Federal Reserve highlights the bank’s inexorable pressures.

Big Picture

Worst-case Cyber Attack Losses Could Cost Banks Half of Profits – IMF

By Manesh Samtani | 27/06/2018

Extreme risk scenario threatening financial stability characterised by increases in attack frequency and interdependence, or occurrence of large magnitude events.

Market Infrastructure

Capital Markets Industry Groups Call For Transition Away from IBORs

By Garima Chitkara | 27/06/2018

Joint report from ISDA, AFME, ICMA and SIFMA shows almost 90% of respondents concerned about exposure to interbank offer rates; close to 80% looking to transition away in the next four years.

Capital / Liquidity

BIS Warns Of Vulnerabilities In Non-Bank Sector

By Garima Chitkara | 25/06/2018

BIS warns of changing bank business models that has increased the market share and interlinkages among non-bank firms, especially asset management firms that are increasingly vulnerable to interest rate and redemption risks.

Capital / Liquidity

Further Delays at G-SIBs on Risk Data Compliance – BCBS

By Manesh Samtani | 25/06/2018

Progress report shows only only three G-SIBs have achieved full compliance with Principles for effective risk data aggregation and reporting; complexity and interdependence of IT improvement projects cited as main challenges.

Crypto / Digital Assets

GDF Consults on Global Code of Conduct for Crypto Businesses

By Manesh Samtani | 22/06/2018

The Code includes commitment to comply with standing laws and regulations, ensure appropriate systems and processes, and treat customers and their assets fairly.