International

Big Picture

Geopolitical Risk Surpasses Cyber as Top Overall Risk: Survey

By Editors | 12/12/2019

Geopolitical risk & trade tensions was cited as the top overall risk for 2020 in DTCC’s annual Systemic Risk Barometer Survey, though cyber was cited more frequently as a ‘top 5 risk’.

AML / KYC

BCBS Solicits Comments on Prudential Treatment for Crypto Assets

By Manesh Samtani | 12/12/2019

The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.

AML / KYC

Big Data is Transforming Investigations

By Jeremy Birch | 12/12/2019

Big data is rapidly changing how regulators and law enforcement conduct investigations and build cases, say Jeremy Birch, Peter Jones and Kyle Wombolt at Herbert Smith Freehills.

Market Infrastructure

CPMI, IOSCO Share Lessons of Supervisory Cooperation on Market Infrastructures

By Editors | 12/12/2019

Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.

Big Picture

No Immediate Financial Stability Risks from Cloud Services: FSB

By Manesh Samtani | 10/12/2019

While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.

Big Picture

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

By Editors | 10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Big Picture

BigTechs Could Raise Issues for Policymakers: FSB

By Manesh Samtani | 10/12/2019

BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.

Market Infrastructure

Data Privacy in Asia Pacific: A Fragmented Landscape

By Sarah Pearce | 10/12/2019

Asia’s data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.

Market Infrastructure

ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

By Manesh Samtani | 09/12/2019

ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.