International

Structural Regulation

ISDA, FIA Respond to Singapore, Australia BMR Equivalence

By Manesh Samtani | 19/04/2019

The associations say a preferred approach would be to recognise Singapore’s and Australia’s regimes as a whole rather than the current benchmark-by-benchmark approach.

Clearing & Post-Trade

Settlement Workflow Needs to be Fully Automated – DTCC

By Editors | 18/04/2019

Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.

Capital Adequacy

Global Financial Market Integration Requires More Policy Work

By Manesh Samtani | 17/04/2019

Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.

Anti-Money Laundering

FATF to Adopt ‘Open-ended’ Mandate Starting in 2020

By Editors | 17/04/2019

The new open-ended mandate recognises FATF’s leadership role and strengthens its capacity to respond to threats facing the financial system.

Cryptocurrency

IMF, World Bank Launch Blockchain Knowledge Project

By Editors | 16/04/2019

The purpose of the project is to help the IMF and World Bank staff become more familiar with the principles behind DLT, as well as its challenges and real world applications.

Market Risk

FRTB May Disadvantage Emerging Markets – ISDA

By Manesh Samtani | 15/04/2019

There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.

Custody & Infrastructure

New Global Blockchain Association INATBA Takes Shape

By Editors | 15/04/2019

SWIFT, Ripple, Accenture, Barclays, BBVA, Deutsche Börse and R3 are among the 105 founding members of the International Association of Trusted Blockchain Applications.

Fraud, Scams & Cybercrime

SWIFT Details Critical Factors for Effective Cyber Defence

By Manesh Samtani | 12/04/2019

Asian banks must accept they are more susceptible as the initial target for fraudulent payments, as well as the receivers, with over 83 per cent of cases based in the region.

Capital Adequacy

BCBS Reorganises Standards in Consolidated “Basel Framework”

By Editors | 11/04/2019

The consolidated Basel Framework has been published initially in draft form, together with a consultative document on technical amendments to the standards.