International

Structural Regulation

Asian Benchmark Administrators Face ‘Perfect Storm’ in 2021

By Manesh Samtani | 17/12/2019

The BMR transition period is now scheduled to end alongside LIBOR’s discontinuation, creating a “perfect storm” of regulatory change for benchmark administrators and users at end-2021.

Capital Adequacy

Basel Committee Launches Consolidated Basel Framework

By Editors | 16/12/2019

The framework brings together all of the Basel Committee’s global standards for the regulation and supervision of banks.

KYC & CDD

SWIFT Opens KYC Registry to Corporate Groups

By Editors | 16/12/2019

Enabling corporate groups on the KYC Registry allows them to improve how their KYC data is structured, while freeing up their banking partners from having to chase down documentation.

Emerging Prudential Risks

IOSCO Unveils Framework for Monitoring Leverage-related Risks in Funds

By Editors | 16/12/2019

IOSCO has developed a framework for monitoring leverage across all types of investment funds globally, to help regulators assess leverage-related risks that can undermine financial stability.

Tokenisation

CPMI Offers Guidance for Designers of Wholesale Digital Tokens

By Editors | 12/12/2019

The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.

Emerging Prudential Risks

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’.

Emerging Prudential Risks

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.

AI Risk & Governance

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.

Structural Regulation

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.