International

Market Infrastructure

DTCC Explores Further Digitalisation in Public & Private Markets

By Editors | 19/05/2020

Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

AML / KYC

Companies Not Protecting Against Third Party Risk: Refinitiv

By Editors | 18/05/2020

43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.

AML / KYC

FSI Takes Stock of Official Sector Response to Rising Financial Crime

By Manesh Samtani | 17/05/2020

There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.

Fintech / Regtech

Temasek Joins Libra Association as First Asia Pacific Backer

By Editors | 17/05/2020

Temasek’s participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.

Market Infrastructure

CCP Margin Models May Need Fine-tuning: BIS Paper

By Editors | 15/05/2020

Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.

Big Picture

BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks

By Manesh Samtani | 14/05/2020

More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.

AML / KYC

Industry Bodies Publish New Messaging Standard for Virtual Assets

By Editors | 13/05/2020

The messaging standard is aimed at helping virtual asset service providers comply with FATF requirements to collect and transfer originator and beneficiary information.

AML / KYC

Governments Failing to Stop Money Laundering: FATF Official

By Editors | 13/05/2020

Many countries have shown a last-minute commitment to tackling money laundering and a sudden uptick in investigations only because they faced an upcoming FATF evaluation.

Market Infrastructure

FS-ISAC Launches Cyber Threat Intelligence Exchange Platform

By Editors | 13/05/2020

The launch comes as cyber criminals look to leverage the uncertainty and panic around Covid-19 for financial fraud, scams, and other malicious activity.